SmartMetric, Inc. (OTCQB: SMME) a United States based company has achieved
significant improvements on its advanced biometric credit/debit card product
during the pandemic. During this time of business shutdowns, SMME states
that it has used the time to enhance its biometric card-based product. Its
engineers have been working on creating even more powerful security within the
card while making its electronics board and components even thinner to allow
for the best quality ISO credit card possible.
Inside
the credit card is a sophisticated almost tissue paper thin holding all to the
components of a fully fledged fingerprint scanner. The SMME biometric
card has its own secure element processor that now has the users fingerprint
encrypted and stored inside the memory of the fingerprint matching processor.
The powerful standalone processor uses state of the art encryption embedded
inside the processor that allows for the card holders fingerprint to be stored
inside the card with military level encryption. This has been achieved without
impacting the speed of the fingerprint scan and match whish is now sub 0.5 of a
second.
Separating
the function of fingerprint scan and match from the credit cards EMV payment
chip allows for the SMME biometric solution to not impinge on the EMV
security of the EMV chip used for banking transactions. It also allows for a
user at home fingerprint enrollment much like a person would enroll their
fingerprint on a smartphone that has fingerprint unlock security.
What
makes the SMME biometric credit card solution so more advanced than
other biometric cards is that it allows the users fingerprint to be scanned
without being inserted into a card reader. This allows the card to work with
ATM’s that swallow the card and of course restaurants that take the card from
the table to the checkout.
“Having
a self-powered card that is powered independently from the card reader was an
imperative in our design and development process. In fact, we could have
released a non-powered card that would of course not work with most ATM’s
several years ago, but we knew that the consumer would want a card that would
work in all situations," said SmartMetric’s President & CEO, Chaya Hendrick.”
The
other great advantage of the SMME card is that unlike other biometric
cards a bank can issue the card through the mail and have the card holder embed
or enroll their fingerprint on the card at home. Other biometric card systems
require the card holder to go into an office and use a special fingerprint
reading machine to enroll their fingerprint on a card.
According
to a research report it is being estimated that more than 500,000 million
biometric based credit cards will be issued globally by 2024.
SmartMetric (SMME) is ready to move aggressively forward in making available it’s
new card to credit and debit card issuing Banks around the world, in
association with the its global banking partners.
SmartMetric
is a USA based company with sales and marketing partnerships in Latin America,
Europe the United Stated. Engineering of the biometric card electronics is done
in-house and is the owned intellectual property of the company.
To
view the SmartMetric Biometric Card please follow this link -
###
