New York--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME): As a leader in fingerprint-activated biometric credit cards, the company regards 2022 as the year when major credit card issuing banks in the world will move forward. Use these advanced cards based on biometric technology.

According to an independent market survey commissioned by SmartMetric, nearly seventy percent (70%) of existing credit card holders in the United States are willing to pay seventy U.S. dollars (70 U.S. dollars) for such cards. Consumer research has shown that the biggest motivation for consumers to purchase biometric secure credit cards is the extra sense of security these cards bring to credit card users.

At present, nearly 11 billion cards based on EMV chips have been issued and used worldwide. A small adoption rate of only one percent (1%) will result in the issuance of more than 100 million fingerprint biometric credit cards in the future.

SmartMetric is now working with one of the world's largest credit card network brands to get its credit card officially approved. This will allow SmartMetric biometric cards to be provided to banks around the world that use the credit and debit card network for card transactions.

SmartMetric, like many people in the technical manufacturing field, has encountered difficulties in the supply of components. These difficulties have now been overcome, and SmartMetric is considering moving forward in early 2022 to supply its next-generation biometric cards to card issuers worldwide.

Built-in credit card, fingerprint reader, when you touch the sensor on the surface of the card, it will scan your fingerprint in less than a second. Then match your fingerprint with the fingerprint stored in the card. When the match occurs, your card will be opened. Instant and secure user verification goes beyond the use of a PIN to protect the use of credit or debit cards for transactions.

The SmartMetric biometric card solution is different from other solutions in that it is designed with its own internal power supply. This enables the card to run and perform a fingerprint scan before inserting the card into the card reader. This allows the card to be used on an ordinary ATM machine, or in restaurants and other places where the card is removed from the table for processing.

"When developing the SmartMetric biometric card, we were particularly aware that in order for the issuing bank and consumers to adopt the card, the card needs to work properly under all actual conditions of all card reading devices (including ATMs and restaurants)," Said SmartMetric President and CEO Jaya Hendrick.

SmartMetric biometric cards do not only use sub-microelectronic devices in the card to verify the identity of the card user. It has a large memory and a very fast processor, making the card an exciting new technology platform for advanced multi-applications executed on credit or debit cards. Bringing new dimensions of advanced products to credit card issuers.

SmartMetric's biometric card addresses the existing multi-billion chip-based financial card market.

Data released by EMVCo 1 shows that by the end of 2020, financial institutions have issued 10.8 billion EMV® chip cards and are in circulation around the world-compared with the previous twelve months, credit and debit card EMV® cards have increased significantly by nearly 1 billion Sheet.

In addition, EMVCo reports that 86% of card-holding transactions worldwide use EMV® chip technology. This is based on data available from American Express, Discover, JCB, Mastercard, UnionPay and Visa. It should be noted that 86.1% of global transactions are EMV chips.

SmartMetric foresaw the global adoption of credit and debit cards with chips. More than ten years ago, it began to develop a biometric fingerprint scanner small enough to fit in a credit card. "It is a long process to shrink electronic devices to a miniature size of less than 0.3 mm so that they can fit in a credit card that complies with the ISO standard for this type of card, but we are very pleased that we set out to achieve this goal," SmartMetric President and Chief Executive Officer The executive said today that Jaya Hendrick.

The fingerprint scanner in the SmartMetric card allows the card's chip to work only after successfully scanning and matching the card user's fingerprint. Unlike other biometric cards, the SmartMetric card does not require the cardholder to go to the bank branch to store fingerprints on the new biometric card. Instead, SmartMetric biometric cards allow card users to register their fingerprints the first time they receive them at home, just like registering fingerprints on a smartphone.

SmartMetric's touch and storage read-once technology developed for its biometric cards allows mass-issued financial institutions to directly issue cards to consumers as usual, without the consumers having to enter a bank branch to activate their new biometric card.

SmartMetric is a US-based company with sales and marketing partnerships in Latin America, Europe, and the United States. The engineering of biometric card electronic equipment is done in-house and is the intellectual property owned by SmartMetric.

SmartMetric has issued patents and pending patents for its biometric card technology.

To view the SmartMetric Biometric Card, please click on this link-SmartMetric Biometric Card Video. Check the company website: www.smartmetric.com

1 Data source: 10 billion and counting: What does the latest EMV^® chip data mean for global payments-EMVCo

EMV is a registered trademark of EMVCo

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SmartMetric, Inc. Chaya Hendrick Tel: (702) 990-3687 ceo@smartmetric.com www.smartmetric.com

SmartMetric, Inc. Chaya Hendrick Tel: (702) 990-3687 ceo@smartmetric.com www.smartmetric.com