SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

October 17, 2014 09:00 ET

Report Says Card Fraud Could Be Larger Than the Illegal Drug Trade -- SmartMetric Biometric Fingerprint Activated Cards to Fight Both Bank Fraud and Identity Theft

NEW YORK, NY--(Marketwired - Oct 17, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- According to a report on cybercrime published earlier this year by the Rand Corporation, card theft is already probably greater than the money involved in the international drug trade. Speaking on Wednesday, SmartMetric's President and CEO, Chaya Hendrick, said that the losses and direct effects on the economy of card fraud and related identity theft are at such levels to be seen as a national finance security threat. She said the time has come to deploy better defenses against this global criminal onslaught. SmartMetric uses biometrics as the security key rather than passwords on its payment cards, access control cards and identity verification cards. By using fingerprint biometrics built inside its cards SmartMetric has developed a much safer security platform that turns the person into the key.

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.

Contact Information

  • Investor Relations
    EraStar, Inc.
    Office (702) 480-9800

    SmartMetric, Inc.
    Chaya Hendrick
    Office: 702-990-3687
    Email: ceo@smartmetric.com