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.
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The Consumer Financial Protection Bureau is rescinding two rules issued under former CFPB Director Rohit Chopra that required nonbanks to register court orders, plus terms and conditions of contracts.
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The payments giant had a "better than expected" fiscal fourth quarter, and said it expected that momentum to carry through the holidays. It's also looking forward to tailwinds brought by the Olympics and the FIFA World Cup in 2026.
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Brian McEvoy, chief retail banking officer at Webster Five in Central Massachusetts, says community banks are in a unique position to serve more small businesses. He was a speaker Tuesday at American Banker's 2025 Small Business Banking conference.
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The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.
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Park National Corp's $317 million, all-stock deal for First Citizens Bancshares would give the buyer a presence in markets that are expected to grow faster than its legacy Ohio footprint.
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Anchorage Digital Bank, Custodia Bank and Erebor Bank could be among the first recipients of limited, special-purpose payment accounts recently floated by Federal Reserve Gov. Christopher Waller.
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