SmartMetric, Inc. (OTCQB: SMME) “ in the ongoing fight against credit card fraudsters and a desire to provide greater security for credit card users, SmartMetric has created an amazingly secure and safe credit card that uses the card holder’s fingerprint biometrics to turn on the card.
Simply touching the card’s fingerprint sensor embedded in the surface of the card, in less than 0.25 seconds the card’s internal fingerprint scanner reads the card user’s fingerprint, matches with the user’s pre-stored fingerprint and turns on the card. In less time than it takes to reach across to the card reading terminal in a store or the ATM the card holder’s fingerprint is scanned and matched instantly.
An often used term used in technology is ˜frictionless. The SmartMetric card is totally frictionless in that it requires no other steps other than touching the card and reaching across to insert the card into the credit or debit card reader.
After over a decade of research and development, we are excited to offer this advanced credit card security to card issuing banks,” said today SmartMetrics President and CEO, Chaya Hendrick.
The SmartMetric biometric activated credit card is the perfect solution for increasing bank customers’ security for both in person and online credit and debit card transactions. If you are not the owner of the card it will simply not work.
A more secure credit card not only provides peace of mind to the card using consumer but avoids the substantial financial impact to card issuing banks.
SmartMetric is the creator of the in-the-card fingerprint scanner for chip credit cards. It uses a SmartMetric developed miniature and super thin fully functional fingerprint reader that sits inside the credit card. SmartMetric has issued patents and patents pending concerning its biometric card technology.
Safe Harbor Statement: Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.