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Say goodbye to PINs and passwords

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Soma Tah
New Update

NEW YORK, USA: SmartMetric Inc. said that the company is very excited with the interest it is receiving from banks and technology integrators from around the world, for its world first and only fingerprint scanner inside a credit card.

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SmartMetric's biometric fingerprint reader that fits inside devices even as small as credit cards provides solution and replacement for the risky password.

SmartMetric authentication solution has a fully functional self powered fingerprint reader built inside a credit card. The company calimed that it is a game changing technological leap that will save financial institutions around the world billions from fraud.

The SmartMetric solution is designed to work with existing ATM and in store payment machines using the EMV(Europay, MasterCard and Visa) standard chip on card interface.

Functionally a person simply touches their credit card, a scan is made of their fingerprint and if it is the card owner, then the EMV chip is activated to then work in a standard ATM or retail POS machine.

The company plans to release the solution at the end of 2013. "We can see a more secure future as we say goodbye to the old weak passwords and PINs and say hello to the SmartMetric fingerprint reading cards," said SmartMetric President and CEO Chaya Hendrick.