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SmartMetric, Inc. (OTCQB: SMME) has created a biometric credit and debit card that has an inside the card, biometric fingerprint scan and recognition hardware solution. This allows for far greater security to the ubiquitous credit and debit card than the reliance on simple and insecure four-digit PIN’s (Personal Identification Numbers).
"Using a card holder's biometrics to identify and authenticate the card user provides a giant leap forward in credit and debit card security over the poorly secure PIN used on today's payment cards," said today, SmartMetric’s President and CEO, Chaya Hendrick.
SmartMetric has enhanced its internal card security providing for the highest level of encryption of the card holder's fingerprint held inside the SmartMetric biometric credit/debit card. Using a secure element chip, separate from the contact and wireless chip inside the card, provides a firewalled secure protection of the card holder's fingerprint using the most advanced levels of encryption technology.
In line with SmartMetric’s foundation policy to provide the highest level of security for the card user as well as the card's issuing bank, at no time does the card user's biometrics leave the card or is the user's fingerprint stored in an offline database.
https://finance.yahoo.com/news/smartmetric-bi...00530.html