Goodbye PINs & Passwords
NEW YORK, NY(Marketwired - Oct 2, 2013) - SmartMetric, Inc. (
Speaking about the SmartMetric authentication solution that has a fully functional self powered fingerprint reader built inside a credit card, the company President said this is a game changing technological leap that will save financial institutions around the world Billions from fraud. But like many so called "overnight" successes and breakthrough technologies, SmartMetric has doggedly pursued the development of this technology for a decade. We have seen companies come after us to try and create a fingerprint scanner inside a credit card. Companies have come and gone but the rewards of achieving true technological breakthroughs come to those who don't give up but rather pursue single mindedly their objective. Long term perseverance and tenacity is something many on Wall Street don't have the patience for, but for creating game changing new technology it is an imperative, she said.
The SmartMetric solution is designed to work with existing ATM and in store payment machines using the EMV 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. So 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, the company President said.
About SmartMetric, Inc. SmartMetric Inc. is a technology development company that designs, 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.