Business
7 Billion Chip Cards Have Been Issued By Banks Globally, Says SmartMetric the Maker Of Biometric Chip Credit Cards
7 Billion Chip Cards Have Been Issued By Banks Globally, Says SmartMetric the Maker Of Biometric Chip Credit Cards.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\nNEW YORK, July 05, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – According to industry published figures, there are now 7.186 billion chip cards issued by banks globally.   This figure is based on reported figures for 2017.  Figures reported in Q4 of 2017 and represent the latest statistics from American Express, Discover, JCB, Mastercard, Union Pay, and Visa, as reported by their member institutions globally. *\n The SmartMetric biometric credit/debit card is designed specifically for use with Chip Cards.  Inside the SmartMetric biometric card is a fully functional fingerprint scanner that uses the cardholder's pre-stored fingerprint inside the card to match and then activate the card based on the cardholder’s fingerprint biometrics. Safer and more secure than a PIN number, the cardholder's fingerprint is used to activate their enhanced secure credit card, adding increased protection from credit and debit card thieves.  Using the power of biometric technology that is built into the credit/debit card, a card user's fingerprint is used to unlock the card as it is inserted into a card reader at a retail store or an ATM.  Simply touching the card, the cardholder's fingerprint is instantly scanned and matched with the prestored fingerprint inside the card.  In less than a second the user's biometrics are scanned and matched allowing the card to then function as it is inserted into the card reader. “Touch your card and your fingerprint biometrics instantly unlock the card in less than a second.  Safer than a password and so much easier and quicker than entering a PIN,” said today SmartMetric’s President and CEO, Chaya Hendrick. The SmartMetric miniaturized biometric fingerprint scanning technology has been engineered and developed by SmartMetric. The SmartMetric biometric security card combines cyber security for network logon along with building and doorway access and security desk identification in a single credit card sized and thickness, card. This multifunction cyber, access and identity card is a revolutionary new product for the security world built on the in-the-card miniature biometric validation and card activation fingerprint scanning technology developed by SmartMetric. Based on the number of non-biometric chip cards already issu...