February 7, 2016 -
The Payments Summit covers all things payments including fintech, EMV chip technology, mobile wallets, NFC, contactless and open transit systems.
SmartMetric’s biometric payments card fits a fully functional fingerprint reader inside an EMV smart card. The card user rolls their finger across a thin sensor on the card’s surface which is used to read the person’s fingerprint and match it with their fingerprint already stored inside the card.
Following a successful fingerprint match, which is processed inside the card, the card is activated allowing it to be inserted inside a credit card reader or ATM machine. Fingerprint authentication takes less than 0.25 seconds.
In a statement, SmartMetric’s President and CEO, Chaya Hendrick commented: “We are thankful to be presenting our new fingerprint activated EMV chip (smartcard) technology at this Smart Card Alliance event since it is the recognized leading industry body for the smart card including payments chip card industry. While SmartMetric has been presenting its advanced biometric activated card to select financial institutions internationally this will be our first official unveiling of our card to the industry and the media.”
Last October SmartMetric developed a miniature USB-enabled chip card connector for reading its biometric chip card for online computer and or mobile phone purchases.