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September 14, 2020

SmartMetric has created a biometric credit card platform

By Mohamed Dabo

SmartMetric, a US-based company, has developed what it calls “the world’s most advanced biometric credit card platform,” with a fingerprint scanner built into the card.

The Las Vegas-based company says its engineers have been working on creating more powerful security within the card while making its electronics board and components even thinner to allow for the best quality ISO credit card possible.

Inside the credit card is a sophisticated, almost tissue-paper thin, element holding all to the components of a fully-fledged fingerprint scanner.

The SmartMetric biometric card has its own secure element processor that now has the users fingerprint encrypted and stored inside the memory of the fingerprint matching processor.

The processor lets the card holder’s fingerprint be stored within the card

The powerful standalone processor uses a state-of-the-art encryption embedded inside the processor that allows for the card holders fingerprint to be stored inside the card with military level encoding.

This has been achieved without impacting the speed of the fingerprint scan and match, which is now sub 0.5 of a second.

Separating the function of fingerprint scan and match from the credit cards EMV payment chip allows the SmartMetric biometric solution to not impinge on the EMV security of the EMV chip used for banking transactions.

It also allows for a user-at-home fingerprint enrolment much like a person would enrol their fingerprint on a smartphone that has fingerprint unlock security.

“So much more advanced than other biometric cards”

What makes the SmartMetric biometric credit card solution so much more advanced than other biometric cards is that it allows the users fingerprint to be scanned without being inserted into a card reader, the company said in a release.

This allows the card to work with ATMs that swallow the card as well as restaurants that take the card from the table to the checkout.

SmartMetric’s President & CEO Chaya Hendrick said:

“Having a self-powered card that is powered independently from the card reader was an imperative in our design and development process. In fact, we could have released a non-powered card that would of course not work with most ATM’s several years ago, but we knew that the consumer would want a card that would work in all situations.”

“Another great advantage”

SmartMetric says the other great advantage of its card is that unlike other biometric cards a bank can issue the card through the mail and have the card holder embed or enrol their fingerprint on the card at home.

It says other biometric card systems require the card holder to go into an office and use a special fingerprint reading machine to enrol their fingerprint on a card.

According to a research report referenced by the company, more than 500,000 million biometric based credit cards will be issued globally by 2024.

SmartMetric is ready to move aggressively forward in making available its new card to credit and debit card to issuing Banks around the world, in association with the its global banking partners.

SmartMetric has sales and marketing partnerships in Latin America, Europe the United Stated. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

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