SmartMetric Launches One Card Digital Wallet Protected with Biometrics Using FPC's Fingerprint Swipe Sensor

GOTHENBURG, Sweden, December 5, 2013 /PRNewswire/ --

The SmartMetric One Card Digital Wallet solution stores one or many cards' information in a smart card solution protected by biometrics. User authentication for unlocking the wallet is performed by simply swiping the finger on the swipe sensor provided by Fingerprint Cards (FPC). Matching is done locally inside the card, where user data is also stored encrypted inside the card's secure memory. The self-powered card can store information from Credit Cards, IDs, Drivers' Licenses, etc. It can also be used together with a small EMV card-reading USB adaptor for use with online authentication.

Chaya Hendrick, President and CEO of SmartMetric Inc., comments:
"Protecting personal data and sensitive credit card information is critical and must be done in a convenient way so that users can handle this easily on a daily basis. Our biometric smart card is the first on the market that offers true multi-credit card storage functionality, with data only available after secure fingerprint authentication. FPC provides the type of fingerprint sensor technology that our biometric smart card requires, where low power consumption and compact size are crucial technical requirements."

Thomas Rex EVP Sales & Marketing of FPC, comments:
"Smart cards, protected by the use of biometrics, combine security and user convenience and in its One Card Digital Wallet solution, SmartMetric has added features that solve the challenge of handling multiple credit cards and other personal ID information. We are excited to see this new solution being offered on the global smart card market. FPC's sensor technology has proven once more to be the market-leading supplier of capacitive fingerprint sensors with the highest quality, compact size and the lowest power consumption."

About Smartmetric

SmartMetric, Inc., is engaged in the research and development of biometric card solutions. Its principal product includes the SmartMetric Biometric Datacard, a fingerprint sensor activated card with a finger sensor onboard the card and a built-in fingerprint reader with a rechargeable battery for portable biometric identification. The company offers its products for financial services sector, as well as for various security applications, such as employee identity, building access and security control, computer network access, drivers' licenses, passports, welfare payments, health insurance, portable electronic medical records, check cashing identity verification, etc. SmartMetric, Inc. was founded in 2002 and is based in Las Vegas, Nevada.

About Fingerprint Cards AB (publ)

Fingerprint Cards AB (FPC) markets, develops and produces biometric components and technologies that through the analysis and matching of an individual's unique fingerprint verify the person's identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or in combination with each other. The competitive advantages offered by the FPC's technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products such as smart cards and mobile phones, where extremely rigorous demands are placed on such characteristics. The company's technology can also be used in IT and Internet security, access control, etc.
http://www.fingerprints.com/corporate/en/media-2/press-kit/

Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish Securities Market Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was issued for publication on December 5 at 08:00 a.m. CET.

Important information

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Contact:

Johan Carlström, CEO Fingerprint Cards, +46-31-60-78-20, [email protected]

SOURCE Fingerprint Cards AB