SmartMetric Announces the Successful Manufacture of Its GEN4 Fingerprint Activated Credit Card With the SmartMetric Miniature Fingerprint Scanner Inside the Card
Embedded inside the card is the
Unlike others, the
“Our card is designed to work with all existing card readers including ATMs while also being as easy as the experience with a mobile phone in the first time storing the user’s fingerprint inside the card. No special fingerprint storage readers at banks or other methods. Simply touch the card’s sensor 4 times and the fingerprint is permanently stored inside the card. The
Taking credit card security beyond the risky and unsafe four digit PIN code, the SmartMetric GEN4 biometric card uses the card owner’s fingerprint to turn on the card after a secure on-card fingerprint match and live person detection.
“SmartMetric is excited about having reached this major milestone in bringing its advanced biometric credit card to fruition after years of research and development,” said
The global biometric payment cards market size was valued at
It is projected to reach
“Implementing new advances into its biometric fingerprint scanner built inside the credit card such as live fingerprint detection has taken a lot longer than we would have hoped but we are glad to have finally reached this stage after such a long and lengthy development process,” said SmartMetric’s President and CEO
The
“Our amazing fingerprint activated biometric credit card is years ahead of anyone else and provides a quantum leap in credit card anti-fraud protection for banks and consumers alike,” said
This technology is designed to enhance the security and convenience of credit card transactions, especially for contactless payments as well as standard contact in-store payments and ATM transactions.
The
Credit cards still dominate the way consumers make payments. Non-credit card payments such as phones account for less than 5% of payment transactions while the majority of transactions are done using either a credit or debit card.
According to a report published by Forbes Adviser on
1
Biometric Payment Cards Market Trends, Share, Size, Growth, Forecast 2030 (straitsresearch.com)
2
Credit Card Statistics And Trends 2024 – Forbes Advisor
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