SmartMetric Says Its Biometric Fingerprint Recognition and Activation Credit Card Built Inside the Credit Card Will Bring Next Level Security for the Multi Billion Dollar Credit Card Industry Worldwide - Seite 2

Non-Self Powered Fingerprint Scan Cards (limited use credit cards)

1. Only works when inserted into a card reader therefore limiting use of the card and not able to be used in all card user situations. These cards rely on the user touching the cards fingerprint sensor while the other end of the card with the contact chip is held in the reader. This allows the card to power the fingerprint scan only through the power from the card reader going into the card. So these cards are limited to readers that only partially insert the card into a reader. Otherwise, they have no power of their own to perform a fingerprint scan. Some of the places these none-powered cards will NOT work in are:
   1. ATM’s that swallow the card whole
   2. Restaurants that do not have a portable card reader but require the card to be taken from the table for transaction processing
   3. Gas station pumps that like ATM’s swallow the card whole
   4. Transit ticket dispensers that swallow the card whole
   5. Parking station ticket machines that swallow the card whole
2. Non-Self Powered finger scan credit or debit cards require the user to go to a bank branch to have their fingerprint scanned and then transferred onto the card via a secure fingerprint capture device. This is bothersome to the card user. It raises trust issues about having the bank involved in the capture of the user’s fingerprint. For large scale credit issuers that rely on mass mailing of new and replacement credit cards requiring their customers to have to come into a bank branch just will not work.

SmartMetric Self Powered Finger Scan Card

1. The SmartMetric self-powered finger scan card because it has its own internal rechargeable power, scans the cared user’s finger prior to the card being inserted into a credit card reader. Therefore, the card is able to be used at all existing and types of credit card readers without the stark limitations of the non-self-powered fingerprint scan cards.
2. The SmartMetric self-powered finger scan card does not require the card user to go into a bank branch to register their fingerprint on the card. Nor does it alternatively need a separate secure card reading device to be sent out to the card user for in home fingerprint download into the card. The SmartMetric finger scan card user simply touches the cards fingerprint sensor four (4) times an instantly their fingerprint is scanned and securely stored inside the card. No user friction. Instant fingerprint capture and store because the card is self-powered and acts immediately as a fingerprint scanner.
3. Mass credit card issuers who rely on mail distribution for the credit cards need not to change the way they do business. SmartMetric finger scan cards are easily shipped to homes through the mail and without fuss or user friction are easily set up for future card use by the user’s fingerprint.
4. The SmartMetric self-powered finger scan card works at ALL card readers such as:
   1. ATM’s
   2. Restaurants that take the card from the table to process (user touches the sensor which turns on the card for up to 8 minutes giving the table server enough time to have the card processed)
   3. Gas pumps
   4. Parking ticket vending machines
   5. Transit ticket vending machines

“Because of the limitations of the user and card issuer experience we believe that trials and testing of the non-self-powered cards under way in Europe are doomed to failure. Much like inferior electric vehicles are failing in the market while Tesla continues to grow exponentially with its model Y becoming the biggest selling vehicle globally. Failed poorly thought-out products fail because no one wants them while it doesn’t distract from new innovations success trajectory when the new innovators get the product to align with customers expectations,” said SmartMetric’s President and CEO, Chaya Hendrick.