SmartMetric, Inc. (OTCQB: SMME) has developed a cutting-edge liveness detection technology to ensure the authenticity of fingerprints on its biometric credit and debit cards. This innovation aims to prevent fingerprint spoofing attempts using replicas. The company's president emphasized the importance of strong biometric security to enhance transaction applications. The product is currently set for rigorous testing and certification, with testing expected to take three months. The advanced card features an ARM Cortex processor, enhanced memory, and a cryptographic vault to protect sensitive data.
SmartMetric, Inc. (OTCQB: SMME) has developed a groundbreaking electronic credit card featuring an integrated fingerprint scanner and internal computer. This innovative card includes an ARM Cortex processor, substantial memory, and complies with standard credit card interfaces. It offers live fingerprint detection and anti-spoofing technology, ensuring enhanced security against fraud. The card’s internal cryptographic vault protects various sensitive data, expanding its functionality beyond mere transactions. SmartMetric manages the engineering and intellectual property in-house, with sales partnerships across regions.
SmartMetric, Inc. (OTCQB: SMME) reveals consumer concern about credit card fraud, with 67% of US residents fearing identity theft more than violent crime. Their research shows nearly 70% of credit card users are willing to pay $69 for a biometric credit card. These cards employ fingerprint recognition for secure contact and contactless transactions, enhancing security for card issuers. The technology is self-powered, usable in any payment scenario, and developed in-house. This innovation positions SmartMetric to potentially transform the credit card industry.