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Factor 3 Technology, Inc

Factor 3 's patented self-powered biometric cards eliminate billions of dollars in payment and identity fraud

  • Stage Prototype Ready
  • Industry Financial Services
  • Location Greenville, SC, USA
  • Currency USD
  • Founded May 2012
  • Employees 10
  • Website factor3tech.com

Company Summary

Factor 3 Technology produces self powered biometric cards. Patented technology eliminates nearly $30B in annual financial transaction fraud as well as systemic 'trusted identity' fraud. Factor 3 solutions combine biometric match on card technology with dynamic passwords (OTPs) guaranteeing secure logical access for online consumer and financial transactions, government IDs, and corporate cloud applications.

Team

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    Greg McGregor
    Inventor

    Inventor, entrepreneur, with multiple patented technology products in the mobile phone, mobile payment and biometric markets.

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    Rick R. McDonald
    Founder/CEO

    Motivated by entrepreneurial spirit, integrity and passion. Driven to commercialize patented biometric solutions that create secure on line transactions for individual consumers, businesses and governments. Empirically measures customer objectives as well as internal quality, manufacturing and sales operations.

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    John W. Boyd
    Founder/CFO

    Creates leadership opportunities for individuals and financial results investors. Motivated to create companies reliant on personal as well as community values. Pioneered multiple financial investments.

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    Charles E. Harvey, Jr.
    Founder

    Architected first PC based GIS system for redistricting at the NRCC. Developed product strategy for IBM PC Group in China where they moved from 6th to 1st in market share. Headed Global Business Development for Mobile Internet at Ericsson, Redback Networks (acquired by Ericsson), and Tahoe Networks (acquired by Nokia) capturing over 40% of Global market share. Served as Business Development Consultant to Cisco, 3Com, DEC, IBM, HK Telecom.

Advisors

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    Hamilton E. "Bo" Russell
    Lawyer
    Unconfirmed

Previous Investors

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    Rick McDonald
    Unconfirmed
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    John Boyd
    Unconfirmed
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    $10M invested in Validus Technology (before asset acquisition)
    Unconfirmed