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SmartMetric Biometric Credit Card To Protect Consumers And Banks Against Fraud - 47 percent of Americans have been a victim of credit card fraud in the past 5 years
SmartMetric Biometric Credit Card To Protect Consumers And Banks Against Fraud - 47 percent of Americans have been a victim of credit card fraud in the past 5 years.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\n\n NEW YORK, April 23, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) - According to research conducted by ACI Worldwide * it is estimated that 47 percent of Americans have been a victim of credit card fraud in the past 5 years.  “Little wonder that according to independent consumer research commissioned by SmartMetric, 80% of surveyed credit card holders are concerned about ID theft and Credit Card Fraud,\" said today Chaya Hendrick, President and CEO of SmartMetric.\n SmartMetric has created a biometric fingerprint scanner that fits inside a standard credit card that is used to validate the card user and instantly turn on the card following a less than 1 second scan of the card users fingerprint.  The card holder’s fingerprint is stored inside the card and never leaves the card.  This provides enhanced security since the person's biometrics is not stored on central database.  Further a person’s biometrics aren’t  traveling across a network where it could be intercepted.  When a card holder receives their biometric card from their bank all they need do is touch the square sensor on the surface of the card up to 4 times and forever after, the card holders fingerprint is stored inside their card.  Now only the card holder can activate their card. The scanning and validation of the cardholder his done in less than a second.  Simply by touching the card’s surface sensor, as they reach across to insert the card into a card reader or ATM, the card has scanned, matched, validated the card holder and turned on the card in under a second. No new systems or card readers are required for the SmartMetric biometric card.  It works on existing credit and debit card readers and ATM’s. The card has an internal rechargeable battery that in turn allows the card to be biometrically activated prior to the card being inserted into a reader. This allows the card to be used in all restaurants and ATM’s. This is very different to some other recently publicized cards that need the card holder to hold the card in the reader to work.  Of course these cards will not work in most restaurants and ATM’s in North America.  Most ATM’s “swallow” the card and do not allow the card holder to hold the card in the ATM to perform a biom...