SmartMetric Incorporates (OTCMKTS:SMME) On-the-card User Fingerprint Registration in its Advanced Biometric Credit Card
SmartMetric, Inc. (OTCMKTS:SMME) using cutting-edge miniature sub micro electronics along with advanced software, has successfully integrated biometric secured fingerprint copy and matching by its card. So the SmartMetric card user fingerprint enrollment won’t require a separate fingerprint scanner!
Market Stats
On Friday, SMME stock gained 14% to $0.0098 with 560K shares, compared to its average volume of 1.78 million shares. The stock moved within a range of $0.0093 – 0.0100 after opening trading at $0.0100.
The SmartMetric biometric card uses a robust encrypted processor; separate from the payment chip cards processor, used to store the card user’s fingerprint inside the card. The card doesn’t store templates or images inside the same chip used to process payments, which is why this solution can provide quick and extremely secure fingerprint registration and extraction. Thus, security of the card’s payment chip isn’t affected at all.
Other biometric cards depend on the fingerprint being stored in the same chip used for card processing. It means the new card user has to go into a bank branch and use a separate fingerprint scanner to have their fingerprint stored inside the card. A majority of large card-issuing banks in the United States issue their cards through the mail, which makes it a problem.
SmartMetric biometric cards don’t use the payments chip seen on the regular credit card’s surface, leaving this chip dedicated for processing payments at a credit card reader. Storing and matching a person’s fingerprint in a separate processor ensures the fingerprint is double firewalled and protected by highly secure cryptographic technology.
Traders Corner
SMME stock is trading below the 50-Day and 200-Day Moving averages of $0.0149 and $0.0126 respectively. However, the stock is trading above the 20-Day moving average of $0.0095.
