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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3