NEW YORK, February 24, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): the biometric fingerprint activated credit and debit card created by SmartMetric brings a heightened and superior level of security to financial card users and card issuing financial institutions alike.
Embedding a powerful nano fingerprint scanner inside a standard credit and debit card which is used to validate the card user before it can be used in a reader or ATM, takes security for multi trillion dollar card industry to the next level and beyond the weak four digit pin number used today.
The card holder simply touches a discrete sensor on the cards surface and in less than a second their fingerprint is scanned and matched with their pre-stored fingerprint in the card. Enhancing the security of the card users biometrics, at no point does the users fingerprint leave the secure memory inside the card.
“We have built an amazingly secure biometric protected financial transaction credit and debit card that brings the power of biometrics for the enhanced protection of the card user and their card issuing financial institution said SmartMetric’s President and CEO, Chaya Hendrick.”
The SmartMetric biometric in card nano electronics technology has been developed in-house by SmartMetric with its team of high level electronics engineers. SmartMetric is the only United States based company manufacturing advanced biometric cards.
There are now over 11 billion chip based cards issued worldwide for which the SmartMetric biometric inside the chip card is able to bring the next level of biometric security.
SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo 1 reveal that by year end of 2020, 10.8 billion EMV® chip cards have been issued by financial institutions and were in global circulation – a massive increase of nearly 1 billion credit and debit EMV® cards compared to the previous twelve months.
SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe and United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.
SmartMetric has issued patents and patents pending surrounding its biometric card technology.
EMV is a registered trademark of EMVCo
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