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SmartMetric Says Now More Than 7 Billion Chip Cards Have Been Issued By Banks Globally
SmartMetric Says Now More Than 7 Billion Chip Cards Have Been Issued By Banks Globally.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\nNEW YORK, June 19, 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 for 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 card holders pre-stored fingerprint inside the card to match and then activate the card based on the cardholders fingerprint biometrics. Safer and more secure than a pin number, the cardholders 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 users 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 card holders fingerprint is instantly scanned and matched with the prestored fingerprint inside the card.  In less than a second the users 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.  SmartMetric is a United States company with its head office in Las Vegas, Nevada.  It has a team of advanced engineers in Tel Aviv, Israel and has mass manufacturing capacity in various parts of the world.  The company can now manufacture 1 million cards a month and has the capacity to increase this capacity significantly based on product demand. The SmartMetric biometric card is protected by five (5) recently “issued” patents.  Additional patents are pending. To vie...