SmartMetric Launches Unparalleled Biometric Security Solution for Credit and Debit Cards
In a press release on Tuesday (June 27), SmartMetric announced a groundbreaking solution incorporating biometric fingerprint recognition technology directly into the card. By recognizing the cardholder’s fingerprint, this innovative feature activates the card’s EMV contact and contactless payment chip, revolutionizing how we make secure transactions.
“We are proud to unveil our latest innovation in enhancing the security of credit and debit cards by integrating fingerprint recognition biometrics directly into the card,” stated Chaya Hendrick, President, and CEO of SmartMetric, in the press release. “With our biometric credit and debit card, only the cardholder’s fingerprint can activate the card at a payment terminal or ATM, making it significantly more secure for both users and financial institutions compared to conventional cards.”
SmartMetric’s solution includes advanced hardware-based detection to verify the presence of a live finger, effectively preventing the use of fake fingerprint replicas. Furthermore, as stated in the press release, the card can be configured to notify payment networks when a biometric card is being used.
Hendrick reflected on the progress of their biometric card development, stating, “During our journey in creating this biometric card, our initial prototype was half an inch thick. Today, we have successfully reduced the thickness of all our electronics to less than a quarter of a standard credit card.”
According to research conducted by PYMNTS, most modern consumers now consider biometric tools the most secure method for transaction authentication. In fact, more than half of U.S. consumers prefer biometric authentication, as revealed in the joint study “Consumer Authentication Preferences for Online Banking and Transactions” by PYMNTS and Entersekt.
The growing preference for biometric tools is partly driven by the widespread use of smartphones, which provide access to various biometric features and enable consumers to authenticate their bank accounts securely.
