SmartMetric Biometric Credit Card Brings the Next Generation of High Security to Payments Cards Using SmartMetric Developed Biometric Scanning Technology Inside the Card for User Validation - Seite 2

It is estimated that there are over 200 million credit and debit cards issued in the United States.

The SmartMetric biometric in-the-card security uses a card holder’s fingerprint biometrics to identify the card user and turn on the card as it is being inserted into a card reader or ATM. A sensor is on the top of the card and is simply touched by the user as they reach across to insert their card in a reader. In less than a second the card holder’s fingerprint is scanned and matched with their pre-stored in the card fingerprint which in turn activates the card for a transaction.

SmartMetric is the only USA based Biometric Credit Card company and has current manufacturing capacity to supply United States card issuing Banks with more than a million cards a month.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo³ reveal that by year end of 2020, 10.8 billion EMV chip cards have been issued by financial institutions and were in global circulation – a massive increase of nearly 1 billion credit and debit EMV cards compared to the previous twelve months.

To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

SOURCES:

¹ Credit Card Fraud 2021 Annual Report: Prevalence, Awareness, and Prevention | Security.org
² 2020-survey-of-consumer-payment-choice.pdf (atlantafed.org)
³ 10 Billion and Counting: What the Latest EMV Chip Data Means for Global Payments - EMVCo

Please Note: EMV is a registered trademark of EMVCo. Visa is a registered trademark of Visa Inc. The mention of both EMV and Visa does not imply a commercial relationship with SmartMetric, Inc. but is used in the information context of this release only.

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