SmartMetric’s Biometric Credit Card Closer to Introduction

SmartMetric’s Biometric Credit Card Closer to Introduction

May 13, 2015         Written By Bill Hardekopf

SmartMetric, a fingerprint activated payment card, is not yet on the market, but a new video on the company’s website shows how the security features work on the card. The biometrics technology embedded into the EMV credit card is designed to ensure that only the cardholder is able to use the card for ATM withdrawals and purchases.

Here is the new product description video:

In the video, a woman swipes her finger across her SmartMetric card before using it at an ATM. This activates the card and allows her to make a withdrawal. After completing the transaction, the woman leaves the card in the ATM and walks away. A man comes up to use the card, but his transaction is denied because he did not swipe beforehand. A similar scenario then happens in a coffee shop, where the cardholder swipes her card just before paying for her drink.

Last month, SmartMetric won a $3 million fee dispute with Visa and MasterCard, with the credit card giants claiming the company had committed copyright infringement. The judge ruled there was not enough evidence to support those claims, and SmartMetric was able to resume its operations.

At that time, Chaya Hendrick, President and CEO of SmartMetric, said, “This is great news for SmartMetric, freeing us now to move forward with our advanced biometric payment and identity card technology without this massive potential cost to the company over our heads.”

The new video shows the company is, in fact, moving forward with its biometric credit card, though there are no official release dates for the card.

The information contained within this article was accurate as of May 13, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back TWICE. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus