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SmartMetric To Release Single Touch Biometric Sensor For Its Biometric Activated Credit Cards
SmartMetric To Release Single Touch Biometric Sensor For Its Biometric Activated Credit Cards.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\n\n NEW YORK, April 26, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – SmartMetric, the maker of the biometric protected credit card announces that it has successfully created its single touch sensor technology that automatically turns on the biometric credit/debit card the moment the card user touches the fingerprint sensor on the surface of the card.\n “Our previous biometric card model had a separate on switch which meant the card user would have to touch the on switch and then touch the sensor.  Having the on switch integrated into the fingerprint scanning sensor now allows for a much simpler and more intuitive experience for the card user,” said today, Chaya Hendrick, President & CEO of SmartMetric. SmartMetric, along with its North American distributor PROTEC, is in active biometric card implementation negotiations with some the largest credit card financial institutions in the United States. “Credit Card issuers are recognizing the advantages of offering a biometric protected credit card to meet the security concerns of their customers.  Moreover it is being recognized that a biometric credit card is in fact a new credit card category that will be a great new product to attract new customers in the fiercely competitive credit card world amongst card issuers,” said Chaya Hendrick.   A big advantage for card issuers is that once a customer has a biometric card in their wallet it would without doubt become the most used card out of all the other cards they may have.  On average, credit card users in the United States have 4 cards in their wallets.  Of course the most favored card that is used the most earns the most money for the card issuing Bank. Defending against fraud, attracting new customers, and increasing card transaction revenue from being the most favored card in the wallet are all compelling advantages to card issuers. SmartMetric has spent over a decade to make its electronics thin enough to fit inside a standard credit/debit card.  It is powered by an internal rechargeable battery that allows the card to do an instant, sub second biometric fingerprint scan prior to the card being inserted into an ATM or retail card reader. “Having our card work in existing card readers was a critical criteria we set out to achieve in our produ...