SmartMetric Biometric Credit Card Brings 100% Secure User Validation Beyond PIN for Next Generation of Credit Cards
NEW YORK–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Unlike standard credit and debit cards that rely on the questionable security of PINs and CVVs for user validation, the biometric credit card solution SmartMetric provides 100% validation of the map user at the time. the card is used for a purchase.
Simple and frictionless, all the card user needs to do is touch the fingerprint sensor on the surface. In less time than it takes to insert the card into a credit or debit card reader, the card has scanned the user’s fingerprint and compared it to the pre-registered fingerprint at inside the card. Upon a successful fingerprint match, the card is activated so that it can complete a card transaction.
The ease of use of the SmartMetric biometric card as well as the fact that it is powered by the internal SmartMetric green battery before the card is inserted into a reader to power the internal processor performing the fingerprint scan, means that the SmartMetric biometric card is the only card that can work on all types of card readers and all situations. Biometric cards that do not have an independent internal power supply are very limited on where these cards can be used.
A big advantage for credit card users as well as banks in the fight against card fraud is the fact that the SmartMetric biometric card cannot be activated if someone else tries to use the card. .
“The chip and RFID/NFC are enabled for use only after a fingerprint match on the card, providing very strong biometric security for the next generation of credit cards,” said Chaya Hendrick, President and CEO of management of SmartMetric.
SmartMetric’s biometric card addresses the existing multi-billion chip credit and debit card market. The figures published by EMVCo 1 reveal that by the end of 2020, 10.8 billion EMV® smart cards were issued by financial institutions and were in circulation around the world – a massive increase of nearly a billion EMV credits and debits® charts compared to the previous twelve months.
1 The data source: 10 billion and counting: what the latest data from the EMV chip® mean for global payments – EMVCo
EMV is a registered trademark of EMVCo
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