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SmartMetric Says up to 86% of Consumers Are Interested in Using Biometric Technology on Credit Cards to Make More Secure Payments – but It Must Be Easy to Enroll and Work in All Card Transaction Points

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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, Inc. (OTC: SMME) mette in evidenza il crescente interesse per le carte di credito biometriche, con fino all'86% dei consumatori interessati a utilizzare questa tecnologia per pagamenti sicuri. L'azienda affronta le problematiche principali riscontrate in precedenti prove di carte biometriche, come processi di registrazione non pratici e limitazioni di alimentazione. La soluzione della carta biometrica di SmartMetric include:

  • Batteria interna ricaricabile per compatibilità universale
  • Registrazione delle impronte digitali semplice da casa
  • Scansione delle impronte digitali prima dell'inserimento
  • Rilevamento in tempo reale delle impronte digitali per prevenire frodi

Il mercato globale delle carte di pagamento biometriche è previsto raggiungere 5,8 miliardi di dollari entro il 2030, con una crescita annuale composta (CAGR) del 62,50%. SmartMetric si posiziona come leader in questo mercato in rapida espansione, offrendo una soluzione di carta di credito biometrica unica e avanzata.

SmartMetric, Inc. (OTC: SMME) destaca el creciente interés en las tarjetas de crédito biométricas, con hasta un 86% de los consumidores interesados en utilizar esta tecnología para pagos seguros. La empresa aborda los problemas clave que enfrentaron las pruebas anteriores de tarjetas biométricas, como procesos de inscripción incómodos y limitaciones de energía. La solución de tarjeta biométrica de SmartMetric incluye:

  • Batería interna recargable para compatibilidad universal
  • Inscripción de huellas dactilares fácil desde casa
  • Escaneo de huellas dactilares previo a la inserción
  • Detección en vivo de huellas dactilares para prevenir fraudes

Se proyecta que el mercado global de tarjetas de pago biométricas alcanzará $5.8 mil millones para 2030, creciendo a una tasa compuesta anual (CAGR) del 62.50%. SmartMetric se posiciona como líder en este mercado en rápida expansión, ofreciendo una solución de tarjeta de crédito biométrica única y avanzada.

SmartMetric, Inc. (OTC: SMME)는 최대 86%의 소비자가 안전한 결제를 위해 생체 인식 신용 카드 사용에 관심을 보이고 있다는 점에서 생체 인식 신용 카드에 대한 관심이 커지고 있음을 강조합니다. 이 회사는 불편한 등록 절차와 전력 제한과 같은 이전 생체 카드 시험에서 겪었던 주요 문제를 다룹니다. SmartMetric의 생체 인식 카드 솔루션은 다음과 같습니다:

  • 범용 호환성을 위한 내부 충전식 배터리
  • 간단한 가정 내 지문 등록
  • 사전 삽입 지문 스캔
  • 사기 방지를 위한 실시간 지문 감지

전 세계 생체 인식 결제 카드 시장은 2030년까지 58억 달러에 이를 것으로 예상되며, 연평균 성장률(CAGR) 62.50%로 성장할 것으로 보입니다. SmartMetric는 이 빠르게 성장하는 시장에서 독특하고 고급 생체 인식 신용 카드 솔루션을 제공하여 선두주자로 자리잡고 있습니다.

SmartMetric, Inc. (OTC: SMME) met en lumière l'intérêt croissant pour les cartes de crédit biométriques, avec jusqu'à 86 % des consommateurs intéressés par l'utilisation de cette technologie pour des paiements sécurisés. L'entreprise s'attaque aux problèmes clés rencontrés lors des essais de cartes biométriques précédents, tels que des processus d'inscription peu pratiques et des limitations d'alimentation. La solution de carte biométrique de SmartMetric comprend :

  • Batterie interne rechargeable pour une compatibilité universelle
  • Inscription des empreintes digitales simple à domicile
  • Scannage des empreintes digitales avant insertion
  • Détection des empreintes digitales en direct pour prévenir la fraude

Le marché mondial des cartes de paiement biométriques devrait atteindre 5,8 milliards de dollars d'ici 2030, avec un taux de croissance annuel composé (CAGR) de 62,50 %. SmartMetric se positionne comme un leader dans ce marché en pleine expansion en offrant une solution unique et avancée de carte de crédit biométrique.

SmartMetric, Inc. (OTC: SMME) hebt das wachsende Interesse an biometrischen Kreditkarten hervor, wobei bis zu 86 % der Verbraucher an der Nutzung dieser Technologie für sichere Zahlungen interessiert sind. Das Unternehmen geht auf zentrale Probleme ein, die bei früheren Tests biometrischer Karten auftraten, wie unpraktische Anmeldeverfahren und Energieeinschränkungen. Die biometrische Kartenlösung von SmartMetric bietet:

  • Internen, wiederaufladbaren Akku für universelle Kompatibilität
  • Einfache Fingerabdruckanmeldung zu Hause
  • Fingerabdruckscanning vor der Einspeisung
  • Echtzeit-Erkennung von Fingerabdrücken zur Betrugsprävention

Der globale Markt für biometrische Zahlungskarten wird voraussichtlich bis 2030 5,8 Milliarden Dollar erreichen, mit einer jährlichen Wachstumsrate (CAGR) von 62,50 %. SmartMetric positioniert sich als Marktführer in diesem schnell wachsenden Sektor und bietet eine einzigartige und fortschrittliche biometrische Kreditkartenlösung an.

Positive
  • SmartMetric's biometric card solves key issues faced by previous trials, including convenient at-home enrollment and universal compatibility
  • The global biometric payment cards market is projected to reach $5.8 Billion by 2030, with a CAGR of 62.50%
  • SmartMetric's card features an internal rechargeable battery, allowing use at any type of credit card reader
  • The card includes hardware-engineered live fingerprint detection to prevent fraud
Negative
  • Previous biometric credit card trials in Europe have met with consumer resistance due to inconvenient enrollment processes and functionality

NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTC: SMME), according to Visa, amongst the surveyed American consumers in 2017, 65.0% of the consumers were familiar with biometrics and almost 86.0% of the consumers were interested in making use of biometrics to verify identity and make payments. 1

Unfortunately for consumers, a few premature and ill thought-through rollouts of biometric credit cards in Europe have met with consumer resistance. It is not because consumers are not interested in enhanced credit card security using biometric technology built inside the card, but rather the cards used in these trials failed to make the experience simple and frictionless for the card user.

First point of resistance is that card users needed to go into a bank and use a fingerprint scanner in the bank to register their fingerprint on the biometric card. This in a day and age when consumers hardly ever visit a bank branch, including receiving their credit cards via mail. The strange thing is that banking is done on mobile phones that may or may not use biometrics, but if biometrics is used, it is very simple for a consumer to register their fingerprint on their phone. No need to visit a bank branch and give your fingerprint to the bank.

“In making enrollment of a person’s fingerprint onto their biometric card requiring a visit to a bank made such trials ready to fail from the beginning,” said SmartMetric’s President and CEO, Chaya Hendrick.

Another failure point was the fact that a person needed to hold their card inside a reader, since these biometric trial cards did not have their own internal power, but rather used the power of the card reader to power the on-card fingerprint matching process.

“The biggest problem with card reader power-dependent cards is that in many situations the card reader requires full insertion into the reader, thereby not allowing the card holder to hold the card;s fingerprint sensor to perform an on-card fingerprint scan, making such non-powered cards unusable in many credit card use situations,” said Chaya Hendrick.

The SmartMetric biometric card solves all these issues. Having its own internal rechargeable battery, it allows the card to work at home for initial secure fingerprint enrollment. As simple as enrolling your fingerprint on a smartphone. As well as being self-powered, the card scans the user's fingerprint prior to being inserted into a reader, allowing the card to be used at any credit card reader. The card user simply touches the card's fingerprint sensor and instantly the fingerprint is scanned and matched, which in turn activates the card's contact and contactless NFC chip.

The global biometric payment cards market size was valued at USD 74.4 million in 2021.

It is projected to reach USD 5.8 Billion by 2030, growing at a CAGR of 62.50% during the forecast period (2022–2030).2

“We at SmartMetric are excited about the future substantial growth and demand for credit and debit cards that have built inside biometric fingerprint detection and activation, such as what we have created,” said SmartMetric’s President and CEO, Chaya Hendrick.

The SmartMetric biometric fingerprint scanning credit card is unique in the world, in that it is the first and only such card that has an inbuilt rechargeable battery, allowing the card to be used at any type of credit card reader, including contactless and ATM readers.

Inside the card is also a hardware engineered solution that senses when an actual live fingerprint is used on the card that foils fake fingerprints from thieves.

“Our amazing fingerprint activated biometric credit card is years ahead of anyone else, and will provide a quantum leap in anti-credit card fraud for banks and consumers alike,” said Chaya Hendrick.

A fingerprint scan credit card is a type of biometric card that uses a built-in fingerprint scanner to verify the identity of the cardholder when they try to make a payment. This technology is designed to enhance the security and convenience of credit card transactions, especially for contactless payments, as well as standard contact payments and ATM transactions.

It has taken years of research and development to perfect the internal power system within the SmartMetric finger scan card. Millions of dollars in research and development have been invested to create the only card of its kind in the world that will work at all card readers. A card that is simple to download your fingerprint into the card at home without the fear and inconvenience of going somewhere else to have your fingerprint scanned and stored into the card.

The SmartMetric fingerprint scanner inside the card is light years ahead, and brings the reality of full biometric security technology to the ubiquitous credit and debit card world.

Credit cards still dominate the way consumer make payments. Non-credit card payments such as phones account for less than 5% of payment transactions, while the majority of transactions are done using either a credit or debit card.

According to a report published by Forbes Adviser on March 9, 2023, “Over the past year, nearly half the population (47.5%) opened at least one new account, bringing the total number of accounts to over 518 million by the end of 2022.”3

1 Biometric Payment Cards Market Size Report, 2022 - 2030 (grandviewresearch.com)
2 Biometric Payment Cards Market Trends, Share, Size, Growth, Forecast 2030 (straitsresearch.com)
3 Credit Card Statistics And Trends 2024 – Forbes Advisor

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 Exchange Act of 1934. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

SmartMetric, Inc.

Chaya Hendrick

Tel: (702) 990-3687

Mobile: (305) 607-3910 (Pacific Time)

ceo@smartmetric.com

www.smartmetric.com

Source: SmartMetric, Inc.

FAQ

What percentage of consumers are interested in using biometric technology for credit card payments according to SmartMetric (SMME)?

According to SmartMetric (SMME), citing a Visa survey, almost 86% of consumers were interested in using biometrics to verify identity and make payments.

How does SmartMetric's (SMME) biometric credit card solve the enrollment issue?

SmartMetric's (SMME) biometric credit card allows for simple, at-home fingerprint enrollment, similar to enrolling a fingerprint on a smartphone, eliminating the need to visit a bank branch.

What is the projected market size for biometric payment cards by 2030?

The global biometric payment cards market is projected to reach $5.8 Billion by 2030, growing at a CAGR of 62.50% from 2022 to 2030.

How does SmartMetric's (SMME) biometric card work with different types of card readers?

SmartMetric's (SMME) biometric card has an internal rechargeable battery, allowing it to work with any type of credit card reader, including contactless and ATM readers, without relying on external power.

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