$SMME has created what is considered to be one of
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Posted On: 11/11/2021 1:58:22 PM
$SMME has created what is considered to be one of the most advanced and leading-edge next generation products in the Financial Technology sector.
A credit card that has built inside, a fingerprint reader that when you touch a sensor on the surface of the card, scans your fingerprint in less than a second. Your fingerprint is compared with your pre-stored fingerprint inside of the card and when a match occurs your card is turned on. Instant secure user validation that goes beyond the use of a PIN in protecting the use of a credit or debit card making a transaction.
What sets apart the SmartMetric biometric card solution is designed with its own internal power source. This enables the card to function and perform the fingerprint scan prior to the card being inserted in a reader, thereby allowing the card to be used at regular ATMs and in situations where the card is used in places like a restaurant where the card is taken away from the dining table to be processed.
"When developing the SmartMetric biometric card, we were particularly aware that for its adoption by card issuing Banks and consumers, the card would need to work in all real-life situations in which the public uses cards today," said SmartMetric’s President and CEO Chaya Hendrick.
The SmartMetric Biometric Card goes beyond using its sub micro electronics inside the card for identity validation of the card user. It has large memory along with a very fast processor making the card an exciting new technology platform for advanced multi applications performed on the credit or debit card, ushering in a new dimension of advanced offerings for credit card issuers.
SmartMetric’s Biometric card addresses the multi billion existing chip based financial 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.
https://finance.yahoo.com/news/smartmetric-le...00036.html
A credit card that has built inside, a fingerprint reader that when you touch a sensor on the surface of the card, scans your fingerprint in less than a second. Your fingerprint is compared with your pre-stored fingerprint inside of the card and when a match occurs your card is turned on. Instant secure user validation that goes beyond the use of a PIN in protecting the use of a credit or debit card making a transaction.
What sets apart the SmartMetric biometric card solution is designed with its own internal power source. This enables the card to function and perform the fingerprint scan prior to the card being inserted in a reader, thereby allowing the card to be used at regular ATMs and in situations where the card is used in places like a restaurant where the card is taken away from the dining table to be processed.
"When developing the SmartMetric biometric card, we were particularly aware that for its adoption by card issuing Banks and consumers, the card would need to work in all real-life situations in which the public uses cards today," said SmartMetric’s President and CEO Chaya Hendrick.
The SmartMetric Biometric Card goes beyond using its sub micro electronics inside the card for identity validation of the card user. It has large memory along with a very fast processor making the card an exciting new technology platform for advanced multi applications performed on the credit or debit card, ushering in a new dimension of advanced offerings for credit card issuers.
SmartMetric’s Biometric card addresses the multi billion existing chip based financial 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.
https://finance.yahoo.com/news/smartmetric-le...00036.html
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