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SmartMetric, Inc. (OTC: SMME) founder Chaya Hendrick has expanded patent protection for its biometric fingerprint activated credit card with new international filings. The card is safeguarded by issued patents in the U.S. that prevent others from marketing similar credit or debit cards with fingerprint sensors.
Research indicates that 70% of current cardholders are interested in purchasing such biometric cards, suggesting a market potential in the multi-hundreds of millions. SmartMetric has dedicated over a decade to miniaturizing the card's internal electronics, ensuring robust protection against intellectual property theft.
Recent advancements include live hardware-based fingerprint recognition and a new rechargeable battery system. The card remains secure, as users' fingerprints are stored within the card itself, never leaving it.
SmartMetric, Inc. (OTC: SMME) announces that Spain will be the first European country to adopt fingerprint-activated biometric credit and debit cards, eliminating magnetic stripes. This shift aims to enhance security, as magnetic stripes are susceptible to fraud. The company has developed advanced biometric cards featuring live fingerprint detection and a green hybrid rechargeable battery. SmartMetric's card is compatible with existing credit card readers and ATMs, making it versatile for users globally.
The biometric card market exceeds 11 billion cards worldwide, highlighting significant growth potential for SmartMetric. The technology also ensures users' fingerprints remain secure, processing matches on the card itself. The company is well-positioned to benefit from this transformative move in the banking sector.
SmartMetric, Inc. (OTC: SMME) has unveiled a groundbreaking biometric fingerprint-activated credit card featuring an internal rechargeable hybrid battery. This advanced card operates independently of card readers, allowing users to enroll fingerprints at home, unlike competitors that require bank visits. The card's nano hybrid battery, thinner than standard cards, recharges during use via radio waves from contactless readers, creating a self-renewing power cycle. Independent research indicates 70% of credit card holders would switch to a biometric card, willing to pay $70 for enhanced security. SmartMetric aims to present the card for final testing to a major payments network, targeting banks interested in offering biometric solutions to combat fraud and attract new customers.