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In The News

In The News

December 2 - SmartMetric says fingerprint payment card will be available in Q1 2014

Article: Technology For A Global Monetary System

SmartMetric has announced that its fingerprint-activated payments card will be available for quantity sales in the first quarter of 2014.

According to the company�s CEO, Chaya Hendrick, there were many production issues that had to be overcome in order to produce the card in mass quantities � a necessity for financial institutions to adopt and deploy the system.

The payments card is designed to work with EMV chips and relies on a positive match of a user�s fingerprint stored on the card to authenticate payments.

It has been reported that there are currently more than 1.5 billion EMV cards in use around the world.

Last year, the company announced it received additional funding from private investors and that another million dollars would be added into the company chest to help fund expansion projects in Buenos Aires.

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