Wall Street Signals: SmartMetric Sees the Adoption of European Union Banking Directive to Usher in the Rapid Adoption of On-Card Biometric Authentication for Credit and Debit Cards

SmartMetric Sees the Adoption of European Union Banking Directive to Usher in the Rapid Adoption of On-Card Biometric Authentication for Credit and Debit Cards


SmartMetric, Inc. (OTCQB: SMME): The European Union PSD2 banking directive will force banks to adopt two (2) factor authentication for credit and debit card transactions. The EU, PSD2 directive is designed to afford greater protection for consumers using their credit and debit cards online and offline. It comes into effect as of March 14, 2022.

This worldwide organization as of late delivered its biometric card testing conventions and prerequisites which in addition to other things unequivocally specified that biometric cards should have the option to withstand a finger impression parodying assault. The biometric card industry has depended on programming to separate between live and counterfeit fingerprints. SmartMetric tried what was utilized commonly in the business and found that it didn't meet the testing applied by its designers. SmartMetric saw that it expected to make an answer that was definitely further developed than that being utilized by the biometric business. There are currently 10 billion chip-based credit and charge cards gave all through the world. The SmartMetric biometric in-the-card innovation is utilized to actuate the chip cards' contact and contactless chips following a moment of unique mark examination on the card. SmartMetric is the designer and producer of hardware that fit inside credit and charge cards making what is ostensibly the world's driving credit and check card unique finger impression biometric stage for the Visa business. The SmartMetric unique finger impression checking innovation inside the card permits the client to get their Visa utilizing their own finger impression. It additionally permits installments organizations to be sure that the individual making the exchange is in fact the individual to whom the card has been given.

Fingerprint biometric secured credit and debit cards by SmartMetric have been designed around the chip that has now become the standard on newly issued cards within the credit and debit card industry. Touching a small sensor on the card's surface causes a fingerprint scanner that reads and matches the card users’ fingerprint in less than a second. Following a fingerprint match the card's surface chip is then activated allowing the card to work in a card reader at a point-of-sale terminal or ATM.

Touch and store read once technology, developed by SmartMetric for its biometric card, allows mass card-issuing financial institutions to issue their cards directly to consumers without the need for consumers to come into a bank branch. This is an important feature of the SmartMetric biometric card since most new card issuance particularly in the USA is done via the mail.

SmartMetric is a USA-based company with sales and marketing partnerships in Latin America, Europe, and the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

SmartMetric has issued patents and patents pending surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

Contacts
SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687