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SmartMetric, Inc. (SMME) pioneers biometric security solutions through fingerprint-activated smart payment cards and identity verification systems. This page aggregates official company announcements, providing stakeholders with timely updates on technological advancements and strategic developments.
Access verified information on product launches, financial results, and industry partnerships directly from the source. Our curated collection serves investors and professionals seeking insights into biometric authentication trends and SmartMetric's role in shaping secure transaction standards.
Explore updates including new technology patents, corporate collaborations, and market expansion initiatives. Each release is vetted for accuracy, offering clarity on how SmartMetric's rechargeable biometric cards address evolving cybersecurity demands in finance and enterprise security.
Bookmark this page for streamlined access to critical updates about fingerprint sensor innovations and their applications in fraud prevention. Regularly refreshed content ensures you stay informed on developments impacting secure digital identification ecosystems.
SmartMetric, Inc. (OTC: SMME) reports significant growth projections for the fingerprint biometric credit card market. The market is expected to reach $5.8 billion by 2030, with a CAGR of 62.3% from 2022 to 2030. The broader biometric card market is projected to grow from $0.37 billion in 2024 to $18.4 billion by 2029, with a CAGR of 117.76%.
SmartMetric's biometric cards feature an internal rechargeable battery, advanced security with a sophisticated fingerprint sensor and ARM Cortex processor, user-friendly at-home fingerprint enrollment, compatibility with contact and contactless payment systems, and anti-tampering features. The company's technology is protected by issued patents, positioning it as a leader in fingerprint sensor-based biometric activated cards.
SmartMetric (OTC: SMME) has developed a fingerprint biometric-activated credit card that offers enhanced security compared to traditional cards. The card features a miniature nano fingerprint scanner that activates the card only after a 100% match with the user's pre-stored fingerprint. Key advantages include:
1. Enhanced security through biometric authentication
2. Reduction in fraudulent activities
3. Convenience without compromising security
4. Elimination of card sharing risks
5. Advanced anti-tampering features
6. No need for external power sources
7. Improved data privacy
The card works with all types of credit card readers, including contactless and ATM readers, thanks to its inbuilt rechargeable battery. SmartMetric has completed manufacturing after overcoming pandemic-related supply chain issues.
SmartMetric, Inc. (OTC: SMME) highlights the growing interest in biometric credit cards, with up to 86% of consumers interested in using this technology for secure payments. The company addresses key issues faced by previous biometric card trials, such as inconvenient enrollment processes and power limitations. SmartMetric's biometric card solution features:
- Internal rechargeable battery for universal compatibility
- Simple at-home fingerprint enrollment
- Pre-insertion fingerprint scanning
- Live fingerprint detection to prevent fraud
The global biometric payment cards market is projected to reach $5.8 Billion by 2030, growing at a CAGR of 62.50%. SmartMetric positions itself as a leader in this rapidly expanding market, offering a unique and advanced biometric credit card solution.
SmartMetric (OTC: SMME) announces the manufacture of its GEN4 biometric fingerprint activated credit and debit card, addressing a projected $5.8 billion market for biometric cards. The card features a miniature fingerprint scanner inside, capable of scanning a fingerprint in less than half a second, ensuring authentication before use. It operates independently of card readers, making it compatible with all existing readers, including ATMs.
The GEN4 card enhances security by using a fingerprint instead of a PIN code and has an inbuilt rechargeable battery. It requires no specialized fingerprint storage readers, simplifying the user experience. The global biometric payment cards market, valued at $74.4 million in 2021, is expected to grow to $5.8 billion by 2030, with a CAGR of 62.50%. SmartMetric’s President and CEO, Chaya Hendrick, highlights the card's advanced security features and long development process.
SmartMetric (OTC: SMME) announces the completion of its miniature fingerprint scanner embedded in a standard credit card. This advanced biometric security feature scans the user's fingerprint in under a second, using an internal rechargeable battery, making it compatible with all card readers, including ATMs and gas pumps. The biometric payment cards market, valued at USD 74.4 million in 2021, is projected to reach USD 5,878.32 million by 2030, growing at a CAGR of 62.50%. The new technology includes live fingerprint detection to prevent fraud and enhances the overall security and convenience of credit card transactions. This innovation marks a significant milestone after years of research and development.
SmartMetric (OTC: SMME) has secured exclusive rights in the USA for biometric fingerprint sensor-based credit cards through issued patents. The company's innovative credit card integrates an EMV chip and a fingerprint sensor, a first of its kind with an inbuilt rechargeable battery enabling use at all card readers, including contactless and ATMs. Despite prolonged development, SmartMetric has implemented advanced live fingerprint detection to prevent fraud. The global market for biometric payment cards is projected to grow from USD 74.4 million in 2021 to USD 5,878.32 million by 2030. The technology enhances transaction security and convenience, especially as credit cards remain the dominant payment method globally.
