SmartMetric develops new payments card using biometrics
US-based technology firm SmartMetric has developed a super small fingerprint reader that fits inside credit or debit card.
US-based technology firm SmartMetric has developed a super small fingerprint reader that fits inside credit or debit card to turn on the card that ensures only cardholder can use the card.
The fingerprint reader is used to read the user’s fingerprint from an on card sensor that then matches the fingerprint with the fingerprint stored inside the card which then after the cardholders’ identification is established using biometrics turns on the card.
SmartMetric said that there are a number of features of the biometric payments card specifically designed to protect the consumer. Firstly, the cardholder’s fingerprint is stored inside the Cortex processor inside the card. The cardholder’s fingerprint never leaves the card and is not stored on a central database thereby protecting the user’s fingerprint.
Secondly, the SmartMetric in-card fingerprint reader does not require different ATM or retail card readers.
Chaya Hendrick, president and CEO of SmartMetric, said: “Using the EMV chip on card technology being used around the world and now being adopted in the United States as the communication interface, the SmartMetric Biometric card solution represents a giant leap forward in data and payments security.”
SmartMetric said that the trials and purchasers of the card are expected soon after the company brings online its mass card production, which will be done in Asia.