NEW YORK–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): The fingerprint-enabled biometric credit and debit card created by SmartMetric brings an increased and superior level of security to financial card users and card-issuing financial institutions.
Integrating a powerful nano fingerprint scanner into a standard credit and debit card which is used to validate the user of the card before it can be used in a reader or ATM, makes take the security of the multi-trillion dollar card industry to the next level and beyond the weak four digit ID used today.
The cardholder simply touches a discreet sensor on the surface of the card and in less than a second their fingerprint is scanned and matched with their pre-registered fingerprint in the card. Improving the security of card users’ biometrics, at no time does the user’s fingerprint leave the secure memory inside the card.
“We’ve built an incredibly secure biometrics-protected financial transaction credit and debit card that brings the power of biometrics for enhanced protection for both the card user and their card-issuing financial institution,” said the President and CEO of SmartMetric, Chaya Hendrick.”
The SmartMetric biometric technology in card nanoelectronics was developed in-house by SmartMetric with its team of senior electronics engineers. SmartMetric is the only US-based company to manufacture advanced biometric cards.
There are now over 11 billion smart cards issued worldwide where SmartMetric biometrics inside the smart card are capable of providing the next level of biometric security.
SmartMetric’s biometric card addresses the existing multi-billion chip credit and debit card market. The figures published by EMVCo 1 reveal that by the end of 2020, 10.8 billion EMV® smart cards were issued by financial institutions and were in circulation around the world – a massive increase of nearly a billion EMV credits and debits® charts compared to the previous twelve months.
SmartMetric is a US-based company with sales and marketing partnerships in Latin America, Europe and the United States. The electronics of the biometric card are engineered in-house and are the intellectual property of the company.
SmartMetric has issued patents and patents pending on its biometric card technology.
EMV is a registered trademark of EMVCo
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