Say Goodbye to PIN Numbers, SmartMetric Reports Increased Interest in Its Biometric Credit Card in the Age of Demand for No-Touch Solutions at the Checkout
SmartMetric, Inc. (OTCQB: SMME) highlights a pivot in payment authentication due to changing consumer behaviors influenced by the Corona-19 virus. The company is focused on launching its biometric contactless card which eliminates the need for physical contact at checkout, significantly improving transaction security compared to traditional PIN and signature methods. The card features a small fingerprint scanner, rechargeable battery, and complies with ISO standards. Additionally, SmartMetric's board plans to increase authorized shares and potentially up-list to NASDAQ or NYSE, contingent on significant share price growth.
- Increase in interest from card issuers for SmartMetric's biometric solution.
- Biometric card offers enhanced transaction security by eliminating contact with payment terminals.
- Potential up-listing to NASDAQ or NYSE if share price increases.
- In-house engineering and owned intellectual property bolster competitive advantage.
- None.
SmartMetric, Inc. (OTCQB: SMME): The Corona-19 virus has made dramatic changes to the way we work and play. Not surprisingly it has also impacted how we pay.
The old and arguably very insecure PIN number used to verify the identity of a debit card user at the checkout or the need to use a pen for signatures that is used by countless numbers of different people during the day is causing a demand for a better, safer way to authenticate a card user. With the knowledge of users on how transmittal the Corona-19 virus is the aversion by consumers to use the touchpad or signature pen at the supermarket checkout is understandable.
Sales staff do not clean card-reader virus-transmitting touch points after every customer. Touching a pin pad or using the signature pen at a checkout has now become a game of Russian roulette when it comes to safely using your credit or debit card at checkout.
Credit and debit cards still account for more than
In talks with card issuers, SmartMetric has seen an increase of interest in its biometric contactless card solution that will allow consumers to have a completely no-touch experience at the checkout while providing a far greater level of transaction security than the old fashioned and weaker PIN and signature methods.
The SmartMetric biometric card solution users a super small fingerprint scanner embedded inside the credit/debit card. Instead of touching the card reader the card user simply touches a square sensor on the top to the card that then causes the internal scanner to read the card holder's fingerprint in less than a second. A user safe and immediate card holder validation that causes the card to immediately be activated. On activation for the transaction the card's internal RFID/NFC system allows the card to communicate, without physical contact with the reader. Safe, immediate, and no contact with the card reader required.
SmartMetric’s electronic credit card has an ARM Cortex processor, up to a Gigabyte and beyond memory, contact and contactless standard credit card interface for all credit card readers and ATMs, a stable rechargeable battery, rapid recharge power management system that recharges the card's internal battery when used at standard card reader, all while still meeting ISO standard size and thickness for credit cards.
The Board and Shareholders of SmartMetric recently resolved to increase the authorized shares of the company. It has also resolved to allow for an increase of the size of its board along with allowing for a reverse split of its shares at some future point. All of these changes have been made to facilitate the up-listing of the company onto either NASDAQ or NYSE main boards at some future point. The SmartMetric Board will only advise moving to an up-list only and after a substantial increase in its share price from current levels. At this point in time the company is focused on bringing its biometric credit card product to market in order to move from a development stage company to a revenue earning company.
SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.
To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com
Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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 Exchang
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