$SMME SmartMetric Announces the Development of a C
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NEW YORK, January 26, 2022--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME): has developed a biometric activated credit/debit card that uses standard credit card readers and ATM’s where the card is inserted into the reader as well as operating wirelessly using the credit and debit card readers RFID reading capability.
Credit and debit cards that are used in the standard credit card reader where the user puts the credit card into a physical slot on the card reader is called a contact card. A credit and debit card that isn’t inserted into a card reader but rather is held over the top of the reader is called a contactless card. This operates on an RFID emission from the reader that reads an internal RFID chip sitting inside the card. Cards that have both contact function as well as the non-contact function are called dual interface cards.
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