NEW YORK, NY--(Marketwired - May 31, 2016) - SmartMetric, Inc. -- After developing its leading edge Biometric fingerprint activated credit card for use with the global EMV chip card format, SmartMetric is now working on bringing to market an advanced biometric multi function access control and identity biometric validated security identity card.
We have spent over a decade in research and development in order to make our credit card with a built inside the card, fingerprint scanner. Based on this R&D we are now able to move relatively quickly into bringing to market a world leading biometric based multi function access control and identity card that is no thicker than a standard credit card, said today SmartMetric's President & CEO, Chaya Hendrick.
The new biometric security card developed by SmartMetric has a built in fingerprint scanner in a card no thicker than a credit card so it easily fits into wallets and purses. Inside the card is RFID technology that is used to send a signal to doorway locks for secure physical access control. The card has on its surface a smartcard chip that is used for secure log on to computer networks. Also the card has visual identity on the spot identity verification with lights that shine green or red following an on card fingerprint scan by the card holder at a security desk or anywhere on a government or business inside or outside the building.
Bringing 100% identity verification using SmartMetric's miniature biometric in-card technology in a multi function credit card sized platform brings to the world of security a brand new and cutting edge product. Securing perimeter entry points, across campus on the spot identity checking, physical building entry control along with securing computer network log on access. All using one very smart biometric security card created by SmartMetric.
An IDC study forecasts the worldwide identity and access management market, which had revenue of $4.8 billion in 2013, up from $4.5 billion in 2012. "We anticipate that the overall market will increase to $7.1 billion in 2018," said Pete Lindstrom, research director for Identity and Access Management.
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