Verify Smart Corp.
VSMR
Other OTC0.03
USD
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Verify Smart Corp.
VSMR
(Other OTC)
Recent
price
0.03
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Verify Smart Corp. Verify Smart Corp. (VSMR) develops and licenses multi-factor authentication (MFA) and two-factor authentication (2FA) technologies for secure transactions and identity protection. The company holds exclusive global licensing rights to key patents including U.S. Patent #8,285,648 B2, Canadian Patent #2664680, South Korean Patent #10-1309594, and a pending European Union patent application; its core offerings encompass wireless software solutions delivered via a software-as-a-service model for IP fraud prevention, instant personal verification through products like VerifyNGo to combat identity theft via mobile devices, and fan engagement platforms such as Prvii for celebrities to monetize interactions via messaging channels. Verify Smart Corp. has licensed its patented technology to financial institutions, telecommunications companies, internet providers, cryptocurrency firms, and Microsoft, targeting sectors including consumer brands, fintech, e-commerce, sports and entertainment, governments, and educational institutions across North America, South Korea, and potentially 26 European countries upon EU patent approval. Founded in 2006 as Treasure Explorations Inc. and renamed Verify Smart Corp. in March 2009, the company is headquartered in Mahwah, New Jersey, with a small team led by CEO Richard Halden and President Anthony Cinotti. Recent developments include ongoing litigation against infringers such as Equitable Bank in Canada and preparations for South Korean enforcement actions to generate revenues, an impending EU patent appeal hearing featuring collaboration with the original inventor and international lawyers, new executive appointments to drive licensing partnerships and product expansions, and pursuit of additional two-factor authentication patents and technologies amid substantial profit potential from global infringements.