Sweden leads the race to become cashless society

4096In 1661, Stockholms Banco, the precursor to the Swedish central bank, issued Europe’s first banknotes, on thick watermarked paper bearing the bank’s seal and eight handwritten signatures.

Last year – as Britain did last week – Sweden launched a new series of notes, cheery affairs featuring 20th-century Swedish cultural giants such as Astrid Lindgren, the creator of Pippi Longstocking, Greta Garbo and filmmaker Ingmar Bergman. But like its Nordic neighbours Norway, Denmark and Finland, Sweden is fast becoming an almost entirely cashless society.  Continue reading…

SmartMetric’s biometric payment card impresses at Smart Card Alliance Payments Forum

smartmetric-biometric-payment-card-150x144Last week, SmartMetric, for the first time in an exhibition, demonstrated its biometric payment card with built in fingerprint reader at the Smart Card Alliance Payments Forum.

“We had a constant stream of some of the largest credit card issuers in the country come by our stand to see first hand the new biometric credit card,” said SmartMetric’s President & CEO, Chaya Hendrick. “What amazed so many was the fact that we had embedded a fully functional fingerprint scanner inside a credit card while conforming to credit card industry standards regarding card size and thickness. It was also recognized that the card is able to be issued by banks without them having to change any of their existing systems since the card operates using existing chip card readers and ATM’s. Another big issue that pleased the banks seeing our card was the fact that SmartMetric can produce currently up to 1 million cards a month with the ability to ramp this up considerably within a relatively short space of time.” Source