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SmartMetric Reports EMV chip cards in circulation worldwide exceed 6 Billion
SmartMetric Reports EMV chip cards in circulation worldwide exceed 6 Billion.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\n\n NEW YORK, Dec. 08, 2017 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – SmartMetric, the developer of the biometric credit card and Cyber/Access/Identity multi-function security card, reports that as of the latest industry official figures more than 6 Billion Chip Cards with the EMV Chip have been issued by Banks and Credit Card companies around the World.\n\n \n \n \n \n \n \n \n \n \n \n \n SmartMetric has created an amazingly small credit card with a fully functioning fingerprint scanner inside.\n \n \n \n \n \n \n \n \n\n A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e5e2f34e-720b-4794-ab69-35a38c8f7bd4 SmartMetric payment chips on its biometric credit card are EMVco approved chips as well as the underlying chip software is EMVco approved.  EMV chips are smartcard chips that have been specially designed for the banking credit card industry allowing for a standardized chip architecture that facilitates global interoperability on global credit card payment networks.  EMVco is a standards and licensing body originally founded by Eurocard, MasterCard and Visa.  All other major payments networks are now members of EMVco. Separate licensing and approval is done with each of the payments networks allowing banks and card issuers who are connected with one or more respective card payment electronic networks to have their cards operate seamlessly across the world at retail cards reading machines and ATM’s. “We as a company are excited with the adoption of EMV chips in credit cards globally as our biometric fingerprint in-card technology is built around the EMV chip,” said SmartMetric’s President and CEO Chaya Hendrick, today. \"The SmartMetric biometric reader scans, matches and turns on the EMV card in less than 0.25 seconds.  This is all done with an incredibly thin mother board with equally incredibly thin electronic components allowing a fully functional fingerprint scanner to sit inside a standard thickness credit card.\" SmartMetric is finalizing key distributors in strategic locations around the world as it moves forward in its sales and marketing of its biometric credit card product to Banks and credit card issuers globally. The company, SmartMetric Inc. presented its biometric credit card solution at th...