SmartMetric, Inc. – It is reported that Spain is the first European country that has officially announced the adoption of fingerprint activated biometric credit and debit cards that will not have a mag stripe.
“We have been waiting a long time for this to happen and we are delighted that the banking world is now moving to adopt biometric only credit cards”
Because of the inherit risk of mag stripes that are easily read and copied, Spain is being reported that card issuing banks will stop using magnetic stripes on their cards and replacing existing credit cards with fingerprint biometrics only cards.
“We have been waiting a long time for this to happen and we are delighted that the banking world is now moving to adopt biometric only credit cards,” said SmartMetric’s President & CEO, Chaya Hendrick.
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SmartMetric is well positioned to capitalize on this revolutionary change in the banking credit card industry. Having just announced the assembly of its new biometric card that incorporates the company’s latest advancements such as hardware based live fingerprint detection on the card as well as an advanced green hybrid nano rechargeable battery inside the card.
SmartMetric has developed the most advanced fingerprint activated biometric credit card in the world and is well positioned to capitalize on what is more than an 11 billion cards global market.
SmartMetric has literally spent years in research and development to miniaturize the electronics of biometric fingerprint capture, similar to that used in smartphones, to the thickness of less than a quarter thickness of a standard credit card.
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The SmartMetric biometric fingerprint activated card is compatible with all existing credit card readers and ATM’s. Since it has its own internal green hybrid green nano battery it works with readers that take into the reader the card such as at ATMs and most new chip card reading gas pumps.
According to figures released by the credit card industry standards body more than 11 billion chip cards have now been issued by financial institutions around the world. The SmartMetric biometric fingerprint inside the card technology works with chip cards.
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