$SMME payment card protection has never been neede
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Posted On: 12/01/2021 12:25:06 PM
$SMME payment card protection has never been needed more than in today's expanding and financial marketplace. The SMME team has made a huge investment in developing the miniaturized electronics necessary to provide a protection system that can be effectively applied to millions of card users worldwide.
From the SMME news:
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.
In addition, EMVCo reports that 86% of all card-present transactions conducted globally use EMV® chip technology. This is based on the data that could be obtained from American Express, Discover, JCB, Mastercard, UnionPay and Visa. It should be noted that, globally, 86.1% of transactions are EMV chip.
SmartMetric foresaw the global adoption of credit and debit cards with chips. It embarked on developing a biometric fingerprint scanner small enough to fit inside a credit card over a decade ago. “Reducing the electronics to miniature scale of less than 0.3mm allowing it to fit inside a credit card that meets ISO standards for such cards has been a long process but one we are glad we set out to achieve”, said today SmartMetric’s President and CEO, Chaya Hendrick.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211104006179/en/
From the SMME news:
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.
In addition, EMVCo reports that 86% of all card-present transactions conducted globally use EMV® chip technology. This is based on the data that could be obtained from American Express, Discover, JCB, Mastercard, UnionPay and Visa. It should be noted that, globally, 86.1% of transactions are EMV chip.
SmartMetric foresaw the global adoption of credit and debit cards with chips. It embarked on developing a biometric fingerprint scanner small enough to fit inside a credit card over a decade ago. “Reducing the electronics to miniature scale of less than 0.3mm allowing it to fit inside a credit card that meets ISO standards for such cards has been a long process but one we are glad we set out to achieve”, said today SmartMetric’s President and CEO, Chaya Hendrick.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211104006179/en/
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