SmartMetric Replaces Credit Card PIN Numbers With a Person's Fingerprint
(Marketwire Via Acquire Media NewsEdge) SURFSIDE, FL -- (Marketwired) -- 09/16/13 --
SmartMetric, Inc. (OTCQB: SMME) -- Speaking today from the company's offices in Florida, the company President & CEO said over 1.5 Billion Chip and Pin cards are in use today around the world. The PIN is the weak link in the security chain used by the EMV chip & pin cards used by today's Global Banks. Card thieves are now able to defeat the chip defenses of the chip on the card by simply hacking the card's PIN number. Smartmetric replaces the weak PIN security with the card owner's unique fingerprint that is stored inside the card owner's card. The person's fingerprint never leaves the card so it cannot be intercepted during a transaction. The person's unique fingerprint instead is read by a miniature sized fingerprint reader built inside the card. Upon scanning the persons fingerprint, the SmartMetric chip & fingerprint card uses a powerful computer processor inside the card to compare the newly acquired fingerprint scan with the card holder's pre-stored fingerprint that is encrypted and stored on a memory circuit that is also built into the card. Powering the SmartMetric chip & fingerprint cards electronics, including the internal processor, is a powerful and super slim rechargeable battery. This battery is recharged upon insertion into an EMV chip reader found in today's ATM's and POS (point of sale) machines. A self-contained miniature fingerprint scanner with an inbuilt fingerprint matching and verification system that is biometrically tied to the card owner. SmartMetric chip & fingerprint is generations ahead in providing a solution against today's card criminals. SmartMetric anticipates trials of its Chip & Fingerprint technology to commence within the last quarter of 2013.
SmartMetric is the developer of a two biometric form factor identity card that uses both the company's biometric in card fingerprint reader along with an in card facial recognition camera. This advanced security and identification product is scheduled for release in 2014. The SmartMetric developed advanced security product is designed for high level security in today's ongoing measures against building and facility infiltrators.
For information on SmartMetric and its technology please go to www.smartmetric.com. For information on the SmartMetric™ MedicalKeyring™ please go to www.medicalkeyring.com
About SmartMetric, Inc. SmartMetric Inc. is a technology development company that designs and engineers its advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers that are at the center of SmartMetric Inc's key ring and credit and identity card products. For more information please visit us at www.smartmetric.com.
Safe Harbor Statement Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.
MedicalKeyring™ is a trademark of SmartMetric, Inc.
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Ms. Chaya C. Hendrick
President & CEO
Source: SmartMetric, Inc.
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