SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

June 14, 2016 13:32 ET

Global Payment Card Fraud to Exceed $35 Billion Annually in 4 Years Showing the Need for a Safer Credit Card Says SmartMetric

NEW YORK, NY--(Marketwired - June 14, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- Industry research on the growth of payment card fraud shows that by 2020 the annual fraud losses globally will exceed $35 billion.*

This is a staggering amount of money annually to be lost to card fraud and shows the need for better credit card security. That is why we have spent so much effort in developing a credit card that has built inside the card a fingerprint reader. We have brought the power and security of biometrics to the fight against credit card fraudsters said today SmartMetic's President & CEO, Chaya Hendrick.

The Smartmetric Biometric credit card has an inbuilt fingerprint scanner that reads a persons fingerprint and in less than 0.25 of a second scans, matches and then activates the credit card so it can be used at a retail card reader or ATM.

SmartMetric officials launched its groundbreaking biometric payments card this April at the Smart Card Alliance Payments Forum in Orlando Florida. Since then the company has been working with Banks around the world who have shown strong interest in issuing this card as new card product for their own anti fraud defenses as well as protecting the security of their customers.

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.

* The Nilson Report

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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