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$SMME big news: May 10, 2022--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME) has developed a biometric activated credit/debit card that uses the card holders’ fingerprint to turn on the card prior to insertion of the card into a card reader or ATM.

The cards payment chip will not function in a standard contact or contactless credit card reader or ATM without the cardholder’s fingerprint first being scanned and matched. The user’s fingerprint is prestored inside the card and the cards internal fingerprint scanner is used to scan and match the user’s fingerprint in order to activate the credit or debit card.

The scan and match of the card users fingerprint takes less than a quarter of a second. The biometric scan is frictionless as it takes less time than it takes to reach across to insert the card into a reader.

Credit and debit cards that are used in the standard credit card reader where the user puts the credit card into a physical slot on the card reader is called a contact card. A credit and debit card that isn’t inserted into a card reader but rather is held over the top of the reader is called a contactless card. This operates on an RFID emission from the reader that reads an internal RFID chip sitting inside the card. Cards that have both contact function as well as the non-contact function are called dual interface cards.