SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

July 27, 2016 15:17 ET

326.8 Million Chip Cards Now Issued in the United States by Banks Along With the Largest Global Card Network

NEW YORK, NY--(Marketwired - July 27, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric the maker of the biometric fingerprint activated payments card welcomes the news that the world's largest card payments network along with its card issuing Banks have reported 326.8 million chip cards now in circulation in the United States.

This is an amazing number and a credit to both the world's largest payments network company and the card issuing Banks that have now issued in a very fast time the advanced chip credit and debit cards said today SmartMetric's President and CEO, Chaya Hendrick.

The United States now has more chip cards in circulation than the entire population. More chip cards have been issued across the USA than have been issued in the United Kingdom and Brazil combined. Catapulting the United States into the single largest market for the new chip card technology.

SmartMetric is the creator of the in-the-card fingerprint scanner for chip credit cards. It uses a SmartMetric developed miniature and super thin fully functional fingerprint reader that sits inside the credit card. The biometric reader is used to turn on the card's surface chip following a fingerprint match and prior to being inserted into card readers or ATM's.

The SmartMetric solution overlays biometric protection on top of the new chip card technology now being issued across the United States. There are now more than 4.8 billion chip payments cards issued globally.

SmartMetric officially launched its groundbreaking biometric payments card this April at the Smart Card Alliance Payments Forum in Orlando, Florida. The company is now in talks with card issuing Banks around the world.

To view a video of the SmartMetric biometric chip card follow this link:

SmartMetric Biometric Payments Card -- https://youtu.be/zSX59uHoHqU

To view the company website: www.smartmetric.com.

Safe Harbor Statement: Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

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