SmartMetric announced they have successfully manufactured what they claim is the world’s first EMV chip credit/debit card to employ biometric activation.
We say “claim” because SmartMetric disputes the pioneering claims of a European company. More on that in a moment.
“We are absolutely elated that after more than a decade of research and development we have been able to achieve electronic miniaturization on the scale we now have allowing us to bring to market a working fully functional credit/debit card,” SmartMetric President and CEO Chaya Hendrick said in a release.
The SmartMetric card uses fingerprint activation, has an internal rechargeable battery, and conforms to ISO thickness standards. It works with existing chip card readers in retail stores and ATM’s.
The development comes at a time when the United States is in the process of switching more than one billion debit and credit cards to EMV chip cards.
SmartMetric disputes a European company’s first to market claim on pretty much every ground – it does not meet thickness standards and has no working battery or internal power management system, Ms. Hendrick said.