Business
SmartMetric Advises It Has Completed Electronic Assembly of Its New Biometric Card
SmartMetric Advises It Has Completed Electronic Assembly of Its New Biometric Card.
About this update from Smartmetric, Inc.
SmartMetric, Inc. (OTC: SMME) has completed the electronic assembly of its new biometric card. The card is now being shipped to its engineering center to have the card's software, including the card's operating system, fingerprint sensing software and the card's advanced power management software, installed. SmartMetric has separated its software from its electronic assembly process to add greater protection for its specialized and highly valuable software. Following the card's software integration and final printing lamination SmartMetric will be presenting its card to a major global credit card payments network for final testing and approval for use of the card on the network worldwide. Once network testing is completed, SmartMetric will then be making its card available to certain banks who are motivated to introduce the SmartMetric advanced biometric card to its credit card customers. Being an advanced new credit card offering the banks are looking at using the card to not only assist in the ongoing battle against credit card fraud but to have the card win them new customers who are attracted to using a biometric protected card for their daily credit card use. As mentioned in an earlier media release by the company, independent research has shown that up 70% of existing credit card holders are willing to switch to a safer and more secure “biometric” credit card that has fingerprint scanning biometric technology inside. The same research showed these credit card users in the research survey said they are willing to pay $70.00 for a biometric credit card. "What we have created is arguably the most advanced biometric secured credit card ever developed, a card that is designed to work at all card readers and allow mass credit card issuers to send the card to their customers for at home fingerprint in-card enrollment," said SmartMetric’s President and CEO, Chaya Hendrick. Other less advanced biometric cards require the user to go into a bank and use a special reader to enroll their fingerprint onto a card. These basic cards also do not have their own power source but rather require the card to be held while in a credit card reader. This makes them unable to work in most ATMs, gas pumps and restaurants. “There is nothing that comes near the advanced level of the SmartMetric biometric credit card,” said Chaya Hendrick. The Smart...