SmartMetric Inc (SMME)

[ProfitScout]

More very positive news from SMME this week on the company's advanced fraud protection technology that can guard against the most serious threats which all payment card users face today. SmartMetric is giving us the security that we will all need for the future.

From the news:

SmartMetric has enhanced its internal card security providing for the highest level of encryption of the card holder's fingerprint held inside the SmartMetric biometric credit/debit card. Using a secure element chip, separate from the contact and wireless chip inside the card, provides a firewalled secure protection of the card holder's fingerprint using the most advanced levels of encryption technology.

In line with SmartMetric’s foundation policy to provide the highest level of security for the card user as well as the card's issuing bank, at no time does the card user's biometrics leave the card or is the user's fingerprint stored in an offline database.

The other major feature of the SmartMetric biometric fingerprint activated credit/debit card is that it allows the card to have the user's fingerprint stored in a one-time touch and store process. Similar to the simplicity and ease of storing a fingerprint for security on a mobile phone, the SmartMetric secure storage of the user’s fingerprint does not require additional fingerprint reading devices in, say, the Bank branch. The SmartMetric biometric card uses an easy to use mobile phone type fingerprint storage enrollment process. Using the card's own internal fingerprint scanner, it allows card issuing banks to issue the card to users in the same manner they now issue standard credit and debit cards.