NEW YORK – A firm with a background in security cards and systems has developed a card which will require a cardholder to validate their fingerprint on the card before it is activated to conduct a transaction.
"With this technology, any kind of online transaction-product purchases, funds transfers, bill payment authorizations and more-can be handled with total security," said Colin Hendrick, CEO of Smart- Metric, Inc.
The company's wallet-sized device is similar in size and thickness to a conventional credit card; on the card, however, is a microchip/sensor unit capable of reading any fingerprint, even ones that are dirty or calloused. By touching the card's sensor, a digital signature of the fingerprint is permanently stored on the card. Each time the card is to be used, the person activates the card by touching the sensor. Readings are 99.999% accurate, the company said.
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