The reader can identify the legitimate owner before activating the card.

SmartMetric said that it took the company several years to introduce a fully functional fingerprint scanner inside a standard credit card.

The biometric card technology is designed to function with the new EMV credit and debit card technology using a person’s fingerprint to turn on the chip before a transaction.

Its EMV chip will not work until it is matched with the owner’s fingerprint, which makes it useless for everyone else.

SmartMetric CEO Chaya Hendrick said that the new card is a major breakthrough in both miniature electronics engineering as well as a giant leap forward in credit and debit card security today.

Previously Hendrick said: "Our in-card biometric card technology is a game changing technology that will bring enhanced security to the card payments industry around the world with our state of the art biometric fingerprint security system developed by SmartMetric, inside a person’s credit card."

The firm is moving its production into a bigger manufacturing center to produce around 250,000 cards a week.