SOURCE: SmartMetric, Inc.
NEW YORK, NY--(Marketwired - May 16, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- According to research figures by the Aite Group and ACI Worldwide published in Forbes, the number of card holders in the United State that have become victims of card fraud over a five year period is a staggering 42% of all card holders. This is far greater than the reported 27% of card holders who have experienced fraud on their cards during the same period in the rest of the World. This shows the dire need for greater card security in order to protect the public as well as the financial market from huge annual losses from card fraud, said SmarMetric President and CEO, Chaya Hendrick. She said, SmartMetric has developed its fingerprint activated card technology that is interoperative and fully compatible with the new EMV chip cards that are now being issued in the United States. Further, the existence still of more than a quarter of card users globally who have experienced card fraud who are in countries that have already adopted the EMV chip cards shows that EMV chip technology by itself is not an iron clad solution against fraud. Chaya Hendrick added, the addition of SmartMetric biometric validation technology onto EMV cards is the next leap forward in payment card technology. The SmartMetric fingerprint activated card technology will protect banks and the public alike, she said.
For information on SmartMetric and its technology please go to www.smartmetric.com.
About SmartMetric, Inc.
SmartMetric, Inc. is a technology development company that designs, engineers its advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers that fit inside credit and identity cards that are at the center of SmartMetric, Inc.'s key ring and credit and identity card products.
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.