SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

January 06, 2015 11:07 ET

In Search of a Safer Credit Card -- SmartMetric Develops a Biometric Fingerprint Payments Card

NEW YORK, NY--(Marketwired - Jan 6, 2015) - SmartMetric, Inc. (OTCQB: SMME) First there was a magnetic stripe on your credit card. Problem is that a five dollar mag stripe reader in the back of a restaurant could grab your card number, your name, card expiration, etc. with a simple swipe by data thieves. Forty years on, in a rush to overcome this inherently insecure technology we saw a card launched with a chip but still with the low tech mag stripe packed with your personal information. What was to be called chip and PIN card technology was released in the United Kingdom and it was adopted across Europe, Asia and important parts of South America. Now after adoption of chip and PIN around the World, six years later the United States is deploying chip and PIN/signature cards. Problem is even the chip card is not safe. Someone else can use your card. And we all know how ineffective PIN's are as a security defense. And if experience is an instructor, when Europe introduced chip and PIN cards six years ago, while it caused a 50% reduction in retail card fraud, it caused a massive increase in online fraud. So we can expect the same here in the United States with the new chip card deployment.

Having a card that can work to replace vulnerable PIN's with better security has been the mission of SmartMetric. The company has now developed a super miniature fingerprint scanner that fits inside a credit card to make biometric technology the next leap forward in payments card technology.

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

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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