NEW YORK - (06/20/06) -- SmartMetric Inc. said Monday it hasintroduced the world's first practical and affordable payment cardwith onboard fingerprint scanner. The card eliminates the need formanual data entry in all kinds of web-based financial transactionsby allowing the user to simply slide the card through a USB cardreader, then touch the fingerprint scanner into the card's surface.The card automatically matches the impression with the digitalfingerprint signature stored on the card. Once the identity of theuser is authenticated, the payment is authorized. A digitalsignature of the user's fingerprint is stored on the card bytouching the card's sensor. Each time the card is to be used, theperson activates the card by touching the scanner. The card can beused as a virtual ATM, enabling credit unions and banks to safelytransfer funds over the Internet onto debit cards.
-
Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
March 27











