Speaking today from NEW YORK, SmartMetric™ Inc. President & CEO Chaya Hendrick said the company is in advanced stages for release of its fingerprint activated "biometric" payments card for use in North America.
The biometric payment card is the only such card in the world affording the high level of identity and transaction security of biometrics built inside the card. The persons fingerprint is used to activate the card using the cards inbuilt fingerprint reader thereby allowing for card based biometric identification and card "turning on" using the cardholders fingerprint with the users fingerprint never leaving the card. The SmartMetric biometric card represents a giant leap in technological innovation that will be a game changing technology in the card industry according to the company President.
The company is positioning itself to issue directly its biometric card product to consumers in the United States through a strategic alliance with a card issuing bank. The fingerprint activated EMV card will be offered as an "ID and transaction safe" alternative to existing payment systems such as PayPal. With the SmartMetric cards ability to provide absolute identity verification along with in card encryption of a card holder's information, such as shipping details, the new SmartMetric biometric payments card provides an unbeatable solution for consumers and merchants alike.
SmartMetric is in discussion with Banks in Asia and Europe concerning partnered role out of its biometric card planned for the early part of 2014. The company is planning limited release for trials in the later part of 2013.