Before the IPhone was even an idea PA&A was speaking of the concept of merging technology with the leather wallet. The idea of a multi-application smart card had been spoken of often in the media and conference circuit. The vision spoken of hear is simple. let the consumer decide and manage. From a license and patent perspective. PA&A holds no rights but argues that these ideas where in the public domain from as early as 1996 when Philip first spoke of them at a payments conference in Europe.