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» $SMME Biometric Fingerprint Activated Credit and Debit Cards Using Breakthrough Super Thin Electronics Developed by SmartMetric
SmartMetric, Inc. (SMME) in creating arguably the world’s most advanced biometric fingerprint validated and activated credit/debit cards, has developed super thin electronic components along with extremely thin circuit board technology, in order to turn the credit/debit card into an advanced powerful electronic device with built-in biometrics, powerful processing and gigabytes of memory.
In order to build a fully functional fingerprint reader that fits inside a standard thickness credit/debit card, SmartMetric has had to design and develop extremely thin electronics mounted on cutting edge super thin multi-layer circuit board not much thicker than a sheet of paper.
“Both the extreme thinness of our components along with the extreme thinness of our circuit board has led SmartMetric to become a leader in cutting edge super thin electronics design and manufacture,” said today SmartMetric’s President and CEO, Chaya Hendrick.
The SmartMetric fingerprint biometric scanner sits inside the credit/debit card and is powered by a Cortex processor mounted on the internal circuit board. The card’s internal electronics also have a sophisticated power management system that allows for a rapid charge of the card’s internal battery every time the card is inserted into a card reader or ATM.
SmartMetric has designed its card to operated the fingerprint scan, validation and activation totally independently of card readers. This allows the SmartMetric card to be used in all types of both contact and contactless card readers including ATMs. Since the card’s fingerprint scanner is a self-contained electronic device built inside the card itself, the card user’s fingerprint is stored inside the card. This adds protection to the card user’s fingerprint biometrics.
“What we have done is in fact turned the ubiquitous credit/debit card into an advanced electronic device that is now capable of doing far more than the standard piece of plastic. With the card now having its own powerful internal computing power it is now possible to think of the credit/debit card as the next generation connected device,” said Chaya Hendrick.
SmartMetric is now actively working with RedSys ADVANTIS in introducing the SmartMetric advanced biometric credit/debit card to the more than five hundred banking organizations around the world who are using the ADVANTIS card chip and operating system in their credit/debit cards. ADVANTIS chips with the ADVANTIS payments operating system is now on more than 1.4 billion issued credit/debit cards globally.
The SmartMetric biometric card solution for Banks provides a huge leap forward in credit card security moving security away from PINs and signatures to the vastly stronger biometric validation technology inside the card.
SmartMetric, Inc. (SMME) in creating arguably the world’s most advanced biometric fingerprint validated and activated credit/debit cards, has developed super thin electronic components along with extremely thin circuit board technology, in order to turn the credit/debit card into an advanced powerful electronic device with built-in biometrics, powerful processing and gigabytes of memory. In order to build a fully functional fingerprint reader that fits inside a standard thickness credit/debit card, SmartMetric has had to design and develop extremely thin electronics mounted on cutting edge super thin multi-layer circuit board not much thicker than a sheet of paper. “Both the extreme thinness of our components along with the extreme thinness of our circuit board has led SmartMetric to become a leader in cutting edge super thin electronics design and manufacture,” said today SmartMetric’s President and CEO, Chaya Hendrick.
SmartMetric, Inc. (SMME) According to independent consumer research contracted by SmartMetric, 80% of U.S. cardholders are seriously concerned about credit card and identity theft, and 67% say they wouldn’t mind paying for biometric cards. Research by Visa is in line with SmartMetric’s research. The SmartMetric biometric card solution for Banks provides a huge leap forward in credit card security moving security away from PINs and signatures to the vastly stronger biometric fingerprint of the card user.
SmartMetric, Inc. (SMME) according to Visa outside the United States, more than 40% of face to face card transactions with Visa cards already occur with a wave of the card at the checkout terminal. Other countries that have been earlier adopters of the tap or wave contactless card experience are even much higher. The attraction for retailers is that in the course of the day this can amount to fewer lines at the checkout, providing an improved card experience for both the card user and the retailer.
SmartMetric, Inc. (SMME) presented its fingerprint activated biometric credit/debit card at a major banking conference in Madrid, Spain on June 19th. SmartMetric has added the ADVANTIS payments EMV chip onto its biometric credit/debit card giving the more than 500 card issuing banks around the world the ability to deploy seamlessly a biometric fingerprint secured and activated credit/debit card. The SmartMetric biometric card with the ADVANTIS payments chip and payments operating system embedded in the card allows existing banks to issue a biometric card product without having to change existing card reader, ATM and backend banking credit/debit card systems.
SmartMetric, Inc.’s (SMME) President and CEO Chaya Hendrick will be speaking at the Payments and ID Conference in Madrid, Spain on June 19 at 1:30pm. The subject of the presentation is Biometric Card Payments: The Future Is Now. ADVANTIS is a major sponsor of the Conference.
SmartMetric, Inc. (SMME) will be presenting its new biometric fingerprint activated credit card with the inbuilt ADVANTIS EMV Chip and banking operating system at the Secure Payments and ID Conference being held on June 19, 2019 in Madrid, Spain. “We are excited to be presenting our amazing new biometric card in association with ADVANTIS in Madrid on June 19 at the Secure Payments and ID Conference which is being attended by the leading banks in Europe. This will give us the opportunity to unveil our new biometric credit card that has been especially developed with the ADVANTIS credit card chip and payments system that is being used by 100 banks around the world,” said today SmartMetric’s President & CEO, Chaya Hendrick.
SmartMetric, Inc. (SMME) is pleased to report that it is nearing completion of the integration of the Advantis chip and operating system into the SmartMetric biometric card platform. This will allow over 100 credit card issuing banks worldwide that are currently issuing credit cards with the Advantis chip and operating system to seamlessly offer the new ADVANTIS biometric card manufactured by SmartMetric, Inc. “We are very excited about the pending release of the ADVANTIS version of our biometric card and are looking forward to a close working relationship with the Advantis team in making this available to both existing and new Advantis bank customers in Europe, Latin America and the United States,” said today Chaya Hendrick, SmartMetric’s President and CEO.
SmartMetric, Inc. (SMME) as of December 2018 according to figures released by the chip card industry standards body, EMV Co, more that 8.2 Billion chip cards have been issued globally for use in the card payments industry. The United States was one of the last regions in the World to adopt the chip on the card technology but in less than four years it has now surpassed adoption rates of Asia Pacific and given the current adoption trajectory will approach the European adoption rates in the near future. Outside of Asia Pacific the United States will surpass Latin America and Europe in the total numbers of chip cards issued and in use for payments.
SmartMetric, Inc. (SMME), the developer and manufacturer of biometric credit cards, welcomes the statement by Goode Intelligence in a recent release that it identifies that across all payments channels, old or new, from ATMs, smartphones, biometric payment cards, connected cars, smart home devices and the latest wearable devices, biometrics is becoming the only solution to improve customer experience and to reduce payment fraud. Goode Intelligence, in a research report on Biometrics said: “Biometrics payment cards not only offer improved security by removing the PIN but also allow frictionless payments for higher value transactions (for debit cards).
