SmartMetric (OTCQB: SMME) is readying to move into production of its fingerprint activated EMV chip credit and debit card.
Having successfully created an extremely thin fully functional fingerprint scanner that fits inside a credit card, SmartMetric is able to have the credit card's EMV chip activated by the card owner after they touch a sensor on the card's surface and a positive match is made with the owner's fingerprint stored inside the card, said the company President and CEO, Chaya Hendrick.
The SmartMetric fingerprint card is fully compatible with existing chip card systems. According to EMV.co there are more than 1.6 billion EMV chip cards issued by banks around the world. SmartMetric has designed its technology to be able to be adopted by card issuers while conforming to existing card specifications.