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SmartMetric Announces Agreement With ServiRed to Manufacture the SmartMetric Biometric Credit/Debit Cards With the Advantis EMV Chip and Credit Card Operating System
SmartMetric Announces Agreement With ServiRed to Manufacture the SmartMetric Biometric Credit/Debit Cards With the Advantis EMV Chip and Credit Card Operating System.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\n \n SmartMetric, Inc. (OTCQB:SMME) is pleased to announce that it has \n entered into an agreement and license to manufacture the SmartMetric \n biometric credit card with the Advantis credit and debit card EMV chip \n technology.\n \n \n SmartMetric was founded in 2002 and has since been working on the \n creation of a biometric fingerprint reader to fit inside a credit card \n and other cards the size and thickness of a credit card. It has now \n successfully created a very thin circuit board that has over 200 passive \n and active components including a battery power management system along \n with a rechargeable very thin battery and a ARM Cortex processor for \n powering a sub 1 second fingerprint scan and match. When a card user \n touches the sensor on the surface of the card, the card’s internal \n fingerprint scanner instantly scans and matches the cardholder’s \n pre-stored fingerprint and, if matched in less than a second, turns on \n the credit card.\n \n \n SmartMetric Inc. is a United States company with its head office in Las \n Vegas, Nevada. The company has fulltime electronics engineers in Tel \n Aviv, Israel, with sales and marketing operations in the United States, \n South America and Asia Pacific. SmartMetric will be expanding its sales \n and marketing into Europe as a result of its agreement with ServiRed, SA.\n \n \n “We are excited by this agreement with ServiRed, who is a major European \n credit card network that also through its Advantis chip and card \n operating system will allow us to offer our advanced biometric credit \n and debit card solution to banks in Europe, South America and the United \n States,” said today SmartMetric’s President and CEO, Chaya Hendrick.\n \n \n ServiRed, Sociedad Española de Medios de Pago, S.A. is Spain’s leading \n card payment scheme. It has 44 million cards in circulation, 1,147,077 \n merchants and around 32,421 ATMs. ServiRed has 100 members (banks, \n savings banks, and credit cooperatives), of which 67 are shareholders in \n the company.\n \n \n The ServiRed scheme provides international interoperability through \n co-branding with Visa and MasterCard, for which it is licensed as a \n Group Member of Visa Europe and as a Principal Member of MasterCard \n Worldwide, and thus its members are empowered to issue Visa and \...