NEW YORK, NY--(Marketwired - August 02, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric, the maker of the biometric fingerprint activated payments card, said according to a new research report by The Aite Group and ACI Worldwide, 47% of consumers in the United States have suffered credit card fraud over the past 5 years.
The rate of increase by survey respondents is also very worrying. Since 2012 to 2016, just four years the rate of consumers who have been affected by card fraud has increased 4%. At this trajectory within the next 24 months more than 50% of the population will have been victims of credit card fraud.
"The need for a safer Biometric Credit Card has never been clearer. That is why we have spent over a decade in research and development to place a fingerprint reader inside a credit card. This is a quantum leap in credit card security and arguably the biggest advance in card security since the invention of the credit card itself," said today SmartMetric's President & CEO, Chaya Hendrick.
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.