SmartMetric Announces the Successful Completion of Its Electronics Assembly of Its Miniature Fingerprint Scanner That Fits Inside a Standard Credit Card
Taking credit card security beyond the risky and unsafe four digit PIN code,
Some of the recent advancements
In addition, the
“We could have relatively easily released a biometric card that uses the card reader's power to power the fingerprint scanning function without the need of an internal battery, some years ago. This would have restricted the card to be used only in card readers that you only partially insert the card into while you hold the card's surface sensor to perform a card reader powered fingerprint scan, prohibiting the card from being able to be used at most gas pumps and ATMs. Having our card with an internal rechargeable self powering battery was absolutely imperative to be able to be used anytime and anyplace a card user wanted to use their biometric credit card,” said SmartMetric’s President and CEO,
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
It has taken years of research and development to perfect the internal power system within the
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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