SmartMetric, Inc. (OTCQB: SMME) SmartMetric has added a powerful Cortex processor to its biometric controlled credit, debit and identity cards allowing for faster fingerprint processing as well as the power to undertake a whole range of added processing functions.
What we have created is a powerful functional self powered computer inside cards the size and thickness of credit cards that not only incorporate a powerful fingerprint scanner for biometric activation but processing power that allows us to bring all kinds of new services on the card itself for both security and user applications. This is nothing short of a revolution in miniature computing in a device that can perform many the computing functions of a tablet but a thousand times smaller, said the President & CEO of SmartMetric, Chaya Hendrick.
SmartMetric is moving forward with marketing its biometric card solution for the payments card industry with financial institutions looking at a better way to protect against card fraud. The company is targeting to complete 50 million cards over the next 12 to 18 months. SmartMetric is also preparing to release a fingerprint identification and access control card that will extend biometric security in a credit card sized device.
SmartMetric has completed a round of presentations of its technology and business model to a number of Investment Brokers in New York and is currently reviewing a number of proposals for funding the company's next round of funding which will be used for its biometric card mass production.
SmartMetric is a publicly traded technology company that has added a fingerprint scanner built inside EMV payment credit and debit chip cards thereby creating a second layer biometric authentication protection in defending against card fraud. The company is now actively marketing its technology to card issuing financial institutions around the World.