SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

November 24, 2014 11:18 ET

Card Fraud Rates Continue to Increase as USA Debit Card Payments Nearly Double Credit Card Payments - SmartMetric Makes Card Based Payments Safer Using Biometrics

NEW YORK, NY--(Marketwired - Nov 24, 2014) -  SmartMetric, Inc. (OTCQB: SMME) - Debit card payments exceeded the number of credit card payments for the first time around 2004. By 2012, the number of debit card payments had reached 47.0 billion -- much higher than the 26.2 billion credit card payments in the same year.*

A global fraud study by ACI Worldwide and the Aite Group, also highlighted that nearly 25 percent of consumers changed financial institutions due to dissatisfaction after experiencing fraud.

SmartMetric has created a better and more secure credit and debit card that uses a person's own fingerprint to activate the card. Built inside the card is a miniature fingerprint reader that is used to scan a person's fingerprint in order to identify the user before the card is able to be used for a transaction. SmartMetric uses the individual's biometrics as the ultimate token in the payments process.

* (source: 2013 Federal Reserve Payments Study, December 2013)

To read more about SmartMetric's biometric technology please go to www.smartmetric.com

About SmartMetric, Inc. 
SmartMetric is a publicly traded technology company that has added a fingerprint scanner built inside EMV payment credit and debit chip cards thereby creating a second layer biometric authentication protection in defending against card fraud. The company is now actively marketing its technology to card issuing financial institutions around the World. To find out more please go to www.smartmetric.com

OTCQB: SMME
SmartMetric is listed on the United States OTC Markets Exchange. OTCQB is a venture stage marketplace for early stage and developing U.S. and international companies. Companies are current in their SEC reporting including the filing quarterly and annually of independently audited financial reports and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.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.

Contact Information

  • Investor Relations
    Office: 702-480-9800
    Office: 407-585-1080

    SmartMetric, Inc.
    Office: 702-990-3687
    Email: info@smartmetric.com