Identity in Payment, Banking, Transit, Loyalty, Parking

SmartMetric introduces biometric banking cards

Monday, September 26, 2011

SmartMetric Inc. has announced its plans to launch a smart card with an integrated fingerprint scanner. This technology will be combined with the EMV chip and will replace the need to use a PIN in the next generation of banking and credit cards.

The SmartMetric Fingerprint Card aims to add greater security to banking cards by adding fingerprint biometric capabilities to the card. The SmartMetric Fingerprint Card will use the same EMV chip and will be compatible with existing terminals.


SmartMetric is currently completing a mass production manufacturing facility in Latin America that will make the cards. Production of the fingerprint activated card technology is expected to launch in the first quarter of 2012. [end] 

HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

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Sensor supplier Fingerprint Cards AB (FPC) has extended its partnership with Chinese biometrics provider Miaxis Biometrics Co. LTD to deliver biometrics products to the Chinese banking sector.

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In an effort to increase the security of the current EMV chip and PIN, SmartMetric has created an EMV card enhanced with biometrics.

The SmartMetric Chip & Biometric EMV Card incorporates fingerprints to activate the card. It’s designed to increase the security of standard EMV chip and PIN cards, which SmartMetric claims are still vulnerable to fraud attacks, even though they are safer than a magnetic stripe card.

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CSC has partnered with identity authentication technology and services provider Daon to produce a biometric multifactor authentication service for the banking industry. The product, called ConfidentID Mobile, provides in and out-of-band identity authentication for transactions in multiple channels, including online and mobile.

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