FB pixel

SmartMetric proceeding with licensing and operational testing of its biometric payment card

 

SmartMetric announced that it is moving ahead with licensing and operational testing of its biometric payment card with an unnamed global payments network.

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.

“Having presented our card to card issuing banks around the world we are now moving into the stage of preparing our card for interoperability as a credit card on one of the major card payments networks around the world,” said SmartMetric’s President and CEO, Chaya Hendrick. “This is a major step forward in bringing our biometric card to market as we continue to work in cooperation with the existing payments card networks, infrastructure and card issuers.”

SmartMetric will be presenting its biometric payments card at the Smart Card Alliance Payments Summit in Orlando Florida in April.

The Payments Summit covers all things payments including fintech, EMV chip technology, mobile wallets, NFC, contactless and open transit systems.

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

Laxton to supply hundreds of biometric kits to Honduras under $1.9M UNDP contract

The United Nations Development Programme has selected Laxton to provide hundreds of Biometric Citizen Registration (BCR) kits for Honduras. The…

 

Leadership change at IBIA follows layoffs at Thales

A major leadership change has been kicked off at Thales Digital Identity & Security and the International Biometrics and Identity…

 

Reusable ID for AML acquired by global fintech as compliance costs rise

Global fintech platform iCapital has entered a definitive agreement to acquire U.S.-based Parallel Markets, which provides reusable identity tools for…

 

Services Australia to run Trust Exchange pilot with largest Australian bank

A pilot with Commonwealth Bank will test the Australian government’s digital identity exchange scheme, Trust Exchange (TEx), using digital medical…

 

COPPA changes specify children’s biometrics and government IDs for protection

The Federal Trade Commission (FTC) Thursday issued notice that it finalized substantial changes to the Children’s Online Privacy Protection Act…

 

Surge of online gambling fraud pushing industry towards identity verification: Report

TransUnion, Sumsub and GeoComply are the leading fraud prevention companies in the global gambling sector, according to a new report…

Comments

28 Replies to “SmartMetric proceeding with licensing and operational testing of its biometric payment card”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events