NEW YORK, NY--(Marketwired - August 30, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric, the maker of fingerprint biometric payments and security cards, has added an extended battery life feature along with a user fingerprint match indicator to its line of fingerprint biometric activated credit cards and security cards.
Following the official launch of the company's biometric credit card at the SmartCard Alliance Payments Forum in April, 2016 and presentations to various credit card issuing banks around the world, we received feedback from the banks that led us to engineering these advancements into our biometric activated card. Since our biometric credit card is destined for issuance by Banks it was important for us to take on board their feedback regarding our product. We are very glad that we have been able to engineer into our card solutions to the issues raised which has made our biometric card even better, said today SmartMetrics President & CEO, Chaya Hendrick.
We now have up to five years of battery life with an advanced recharging technology that allows the card to be recharged as the card is used. Also we have a feedback capability indicating when the card user swipes their finger over the credit cards sensor and a successful fingerprint match has taken place. The fingerprint match with the card user takes less than 0.25 seconds and immediately the card user will know that their fingerprint has been matched and then activated the card, said Chaya Hendrick.
SmartMetric is the creator of the in-the-card fingerprint scanner for chip credit cards. It uses a SmartMetric developed miniature and super thin fully functional fingerprint reader that sits inside the credit card. The biometric reader is used to turn on the card's surface chip following a fingerprint match and prior to being inserted into card readers or ATM's.
The SmartMetric solution overlays biometric protection on top of the new chip card technology now being issued across the United States. There are now more than 4.8 billion chip payments cards issued globally.
To view a video of the SmartMetric biometric chip card follow this link:
SmartMetric Biometric Payments Card -- https://youtu.be/zSX59uHoHqU
To view the company website: www.smartmetric.com
*research figures from ACI Worldwide research report as published by Business Intelligence, July 2016
Safe Harbor Statement: Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.