The simple and frictionless SmartMetric (OTCMKTS:SMME) biometric credit card solution provides 100% card user validation, when used for purchases. It is a step ahead of standard credit and debit cards that are dependent upon PIN numbers and CVV codes for user validation, the security of which is questionable.
Market Reaction
On Tuesday, SMME stock ended flat at $0.0086 with more than 130k shares, compared to its average volume of 1.75 million shares. The stock moved within a range of $0.0086 – 0.0087 after opening trade at $0.0086.
To use the card, all you have to do is touch the fingerprint sensor on the surface. In just a few seconds (less than what it takes to insert the card into a credit/debit card reader), the card scans the fingerprint and matches it to the pre-stored fingerprint inside the card. If it is a 100% match, the card is activated to perform a transaction.
This is a huge advantage for both credit card users and banks. With card frauds increasing with each passing day, unauthorized use can be prevented by using the SmartMetric biometric card as it won’t be activated if someone else is trying to use the card.
The card is powered by the SmartMetric internal green battery before it is inserted into a reader, for powering the internal processor doing the fingerprint. Thus, the SmartMetric biometric card is the only card that can work across all card reader types and situations. Biometric cards without an internal independent power supply are very limited on where such cards can be used.
Key Quote
“Chip and RFID/NFC are activated for use only after a fingerprint match on the card bringing very strong biometric security for the next generation of credit cards,” said SmartMetric’s President and CEO, Chaya Hendrick.
Traders Review
SMME stock is trading below the 20-Day and 50-Day Moving averages of $0.0093 and $0.0015 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0125.
