SmartMetric is developing a new universal, multifunctional card featuring biometric technology, as part of its plan to offer more secure and easy-to-use card transactions.
With built in enhanced security for both the user and merchant, the card will be equipped with embedded fingerprint sensor.
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The company said that it has successfully built a miniature fingerprint reader in debit and credit cards that will scan the card owners’ fingerprint, which in turn, then activates the card.
SmartMetric president & CEO Chaya Hendrick said this SmartMetric payments card that works at existing retailers and ATM’s affords users, retailers as well as banks, protection from fraud, using state-of-the-art biometrics technology built inside the card.
To make the card a truly ubiquitous, use anywhere payments platform, the company will be incorporating fingerprint activated RFID, NFC and Bluetooth Light into its next generation biometric secured cards, SmartMetric said in a statement.
Following launch of the new biometric payments card, the company will release other products such as its medical records storage device called the MedicalKeyring.
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