SmartMetric broadens its technology into Multi-Function Biometric Cards

SmartMetric, Inc., the developer of the biometric fingerprint activated credit card, is now able to offer many new security solutions using the company’s in-the-card fingerprint biometric scanner.

A card as thin as a credit card, yet having inside a powerful instant fingerprint scanner that is used to validate the card holder, provides a strong new tool that can be used across many industries.  The SmartMetric card has a separate processor to the simple processor found in smart card chips.  Also the card has significantly more memory, allowing it to run different applications while being able to safely and securely store information.

Going beyond credit cards allows the new biometric card platform by SmartMetric to spawn a whole new industry in the issuance of hybrid multi-application and usage in a single biometric card.

The marriage of functions such as transport payments, health information and payments, and a card for regular purchasing all in a strongly secured multi-function biometric protected card creates a whole new level of opportunity for SmartMetric, said today the company President and CEO, Chaya Hendrick.

The SmartMetric biometric card has been designed to work with EMV/Chip Cards.  It is estimated more than 4 billion Chip Cards have now been issued around the world, with close to a billion chip cards having now been issued in the United States.

New companies are now starting to spring up to capitalize on the new market for biometric credit cards pioneered by SmartMetric.  The biggest challenge they face is in having a workable power solution to drive the cards’ fingerprint scanning while also having their electronics on a thin enough circuit board that can fit inside a card that meets credit card ISO standards.

SmartMetric is pleased that its biometric card is now protected by five new additional patents.  It is only right that the company that has lead the world in developing a biometric credit/smart card should now be able to enjoy the economic benefit of its intellectual property, Chaya Hendrick said.

SmartMetric presented its latest biometric card that is as thin as a standard credit card at the recent Money 20/20 conference in Las Vegas.  The company has developed both a biometric fingerprint activated card as well as a multi-function physical, logical access and identity biometric activated card.

“We are seeing a lot of interest from both the security sector as well as the banking sector.  We have now turned a corner particularly in the Banking industry, where it is being acknowledged that the SmartMetric biometric card technology pioneered by SmartMetric is the next logical step in providing stronger payments card security,” said Chaya Hendrick.

SmartMetric has the capacity to build 1 million cards a month with the ability to scale this up quickly.

Source: SmartMetric

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Categories: biometrics

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