SmartMetric Biometric Card Will Make Passwords a Thing of the Past and Provide a Level of Security That Will Thwart the Modern D
04 1월 2008 - 4:56AM
Marketwired
SURFSIDE, FL , responding to media reports of the problem of ATM
fraud faced by the country's largest Banks, said the SmartMetric
finger print activated Biometric ATM / Credit Card is a technology
that will better defend against the modern day electronic thieves
and fraudsters.
The New York-based Daily News reported today that Citibank has
limited the cash amount its customers can take out of ATM machines.
It is being reported that the security of Citibank's ATM machines
in New York have been seriously compromised by fraud. According to
media reports, a spokesperson for Citibank has stated that "Though
we can't provide details of ongoing security investigations, we are
working closely with law enforcement on this matter." Citibank
declined to specify the amount of the new withdrawal cap.
SmartMetric, Inc. President, Mr. C. Hendrick said today that his
company has developed an ATM card that could solve the security
problems faced using what is in effect decades old ATM and Credit
Card technology. He said that the thieves have adopted the latest
innovations in computing technology to steal while the Banks have
been slow to keep pace.
In the end the consumer is paying for the fraud through the
costs of fraud being passed on to all of the Bank's Customers in
higher fees and charges for Bank services.
SmartMetric has created a card that doesn't use passwords that
can be hacked or stolen but rather uses the person's fingerprint to
turn the card on. The ATM customer places his or her finger on the
card and in less than a second the card scans the person's
fingerprint and if it is them the card will be activated. If it is
not the owner of the card then the card will not work. Because the
SmartMetric Biometric Card has an inbuilt battery and power
management system the card works before it is inserted into an ATM
or credit card reader. SmartMetric is in discussions with a number
of Financial Institutions and plans on initiating field trials of
its Biometric Card with Bank Customers in the First Quarter of
2008.
http://www.smartmetric.com. For additional assistance,
journalists and analysts may contact the company President Mr. C.
Hendrick on his private line 917.587.5856 or +1.786.623.3690.
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Contact: Mr. C. Hendrick President 917.587.5856
+1.786.623.3690
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