NEW YORK–(BUSINESS WIRE)–#ameritrade–SmartMetric, Inc. (OTCQB: SMME) in creating arguably the world’s most advanced biometric fingerprint validated and activated credit/debit cards, has developed super thin electronic components along with extremely thin circuit board technology, in order to turn the credit/debit card into an advanced powerful electronic device with built-in biometrics, powerful processing and gigabytes of memory.
In order to build a fully functional fingerprint reader that fits inside a standard thickness credit/debit card, SmartMetric has had to design and develop extremely thin electronics mounted on cutting edge super thin multi-layer circuit board not much thicker than a sheet of paper.
“Both the extreme thinness of our components along with the extreme thinness of our circuit board has led SmartMetric to become a leader in cutting edge super thin electronics design and manufacture,” said today SmartMetric’s President and CEO, Chaya Hendrick.
The SmartMetric fingerprint biometric scanner sits inside the credit/debit card and is powered by a Cortex processor mounted on the internal circuit board. The card’s internal electronics also have a sophisticated power management system that allows for a rapid charge of the card’s internal battery every time the card is inserted into a card reader or ATM.
SmartMetric has designed its card to operated the fingerprint scan, validation and activation totally independently of card readers. This allows the SmartMetric card to be used in all types of both contact and contactless card readers including ATMs. Since the card’s fingerprint scanner is a self-contained electronic device built inside the card itself, the card user’s fingerprint is stored inside the card. This adds protection to the card user’s fingerprint biometrics.
“What we have done is in fact turned the ubiquitous credit/debit card into an advanced electronic device that is now capable of doing far more than the standard piece of plastic. With the card now having its own powerful internal computing power it is now possible to think of the credit/debit card as the next generation connected device,” said Chaya Hendrick.
SmartMetric is now actively working with RedSys ADVANTIS in introducing the SmartMetric advanced biometric credit/debit card to the more than five hundred banking organizations around the world who are using the ADVANTIS card chip and operating system in their credit/debit cards. ADVANTIS chips with the ADVANTIS payments operating system is now on more than 1.4 billion issued credit/debit cards globally.
The SmartMetric biometric card solution for Banks provides a huge leap forward in credit card security moving security away from PINs and signatures to the vastly stronger biometric validation technology inside the card.
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