NEW YORK--(BUSINESS WIRE)--SmartMetric, Inc. (OTC: SMME) founder and inventor, Chaya Hendrick has increased the patent protection for the advanced premium biometric card with new international filings both in the United States and internationally.
The SmartMetric biometric fingerprint activated credit card is also protected by issued patents in the United States that effectively prohibit anyone else from bringing to market a credit or debit card with a chip and a standard fingerprint sensor.
Having the most advanced biometric fingerprint activated credit and debit card in the world required the focus on protecting the intellectual property from copy cats. “Of course, copying is a form of flattery but to take the invention of another is just simply wrong. I am pleased to say that the SmartMetric biometric card is well protected against intellectual property thieves,” said SmartMetric’s President and CEO, Chaya Hendrick.
The market size of existing credit cards with chips on them is over 11 billion issued cards. As independent market research has evidenced that up to 70% of existing credit and debit card holders are keen to buy and pay for a new credit card or debit card with built in biometric fingerprint activation security, the actual market size for such cards runs into the multi-100’s of millions of cards.
Having issued and pending patents for biometric fingerprint activated credit and debit cards benefits SmartMetric in protecting itself from others who would want to enter the massive biometric credit card market.
SmartMetric has spent well over a decade in perfecting the miniaturization of its biometric card internal electronics. “Creating a totally new product that pushes the limits of electronic component and assembly miniaturization has needed a great deal of perseverance and persistency,” said Chaya Hendrick.
SmartMetric will enforce patents in order to protect the company from predative copy cats who may attempt to steal the intellectual property of the SmartMetric biometric fingerprint activated card.
The SmartMetric advanced biometric fingerprint card has undergone serious product advancement. The new version with live hardware-based fingerprint recognition along with the new green hybrid miniature rechargeable battery and advanced power management system has been assembled. The card’s unique internal operating system, fingerprint recognition algorithm along with an advanced created internal power management system is being inserted into the card separate to the location where the card’s electronics have been assembled. This was done to protect the card’s systems and operating software in a protected and secure environment.
“We are excited about us being able to now present our premium biometric card to card issuers around the world,” said Chaya Hendrick.
ABOUT THE SMARTMETRIC BIOMETRIC CARD: Keeping your biometric identity safe is at the center of the design of the SmartMetric biometric card. At no time does a card holder's fingerprint leave the card. A person’s fingerprint is stored inside the card and matching of the person's fingerprint is done on the card itself. This was a central design requirement of the SmartMetric biometric card solution that necessitated SmartMetric to create a self-powered inside the card, fully functional fingerprint scanner. Also, so that the card could be used at ATMs and POS (Point Of Sale) card readers, the SmartMetric development team created an on card miniature power management system that recharges the card as it is being used in card readers.
To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card
To view the company website: www.smartmetric.com
Spain moves to adopt biometric only credit cards: This Is The Change That Will Be Announced By Our Credit Card Banks (worldnationnews.com)
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