Posted Jun 23, 2009 04:36 pm CDT
The expedited security system put in place post-9/11 to ease travel restrictions on frequent fliers has been grounded.
USA Today reports that Verified Identity Pass, which operated its Clear program in 18 airports, has shut down operations.
Verified, which was launched by American Lawyer founder Steven Brill, was “unable to negotiate an agreement with its senior creditor to continue operations,” according to a statement posted at FlyClear.com (JPG).
The statement also notes that because of the company’s financial situation, refunds will not be given. According to USA Today, some 250,000 frequent fliers paid an annual $200 fee for speedier airport security clearance.
USA Today quotes Brill as saying he was surprised the company couldn’t strike a deal with creditors. Brill left Verified in March to launch yet another company, Journalism Online.
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