SmartMetric Awaiting Court Date for Its Hearing in the Federal Circuit Court Over SmartMetric's Multi Billion Patent Infringement Claim Against Both Visa And MasterCard

NEW YORK, NY--(Marketwired - Jun 20, 2014) -  SmartMetric, Inc. (OTCQB: SMME) SmartMetric who has been engaged in a patent infringement law suit it has brought against Visa Inc. and MasterCard International over 3 years ago is eagerly awaiting the hearing before Federal Circuit Court. The main point at issue, according to SmartMetric President & CEO, Chaya Hendrick, is whether or not the payments card company's control or do not control the credit and debit cards used in the United States.

At stake is the technology surrounding the new EMV chip cards that are now being issued in the United States and that according to a recent report by the Aite Group will cover over 70% of all USA credit and debit cards in use in the USA by the end of 2015.

SmartMetric, in its motions before the court, is seeking a ruling of infringement against both Visa and MasterCard and is a asking the court to award SmartMetric 25% of the economic value attributed from the savings from fraud created by the use of the SmartMetric claimed technology by the payments card companies. In total SmartMetric is claiming $13.4 Billion from both Visa Inc and MasterCard International.

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.

About SmartMetric, Inc.
SmartMetric, Inc. is a technology company that designs and engineers its own advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed a miniature fingerprint self powered fingerprint scanner and reader that fits inside credit and identity cards that are at the center of SmartMetric Inc.'s advanced biometric products. For more information please visit www.smartmetric.com.

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