SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

February 29, 2016 14:37 ET

SmartMetric, the Creator of the World's First Biometric Fingerprint EMV Credit and Debit Card to Show It's Advanced Biometric Activated Card at the Smart Card Alliance Payments Summit in Orlando on April 4-7 2016

LAS VEGAS, NV--(Marketwired - February 29, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- Smartmetric will be showing its world's first fingerprint activated biometrics payments card at the premier smart card industry conference and exhibition conducted by the Smart Card Alliance on April 4 through to April 7, 2016 being held at the Loews Hotel, Orlando Florida.

"Our sure thin fingerprint scanner that fits inside a credit card is used to 100% identify the card user prior to the card being able to be used. We have built our biometric reader inside the card around the EMV chip card technology thereby allowing the card to be interoperable with existing payments card readers and ATM machines globally," said SmartMetic's President & CEO, Chaya Hendrick.

"SmartMetric has made some recent advances to its card including the addition of green/red/amber indication LED lights that show when a fingerprint match has been accepted. After talking with banks in a number of places around the world it was seen that this feature was an important addition to our ground breaking first in the world payments card," said Chaya Hendrick.

SmartMetric is the maker of leading biometric super thin and small biometric fingerprint readers that fit inside credit card sized cards and that conform to ISO standards for credit card thickness. 

"It has taken us years of product development to create the components thin enough along with an extraordinary thin circuit board in order for us to make a fully functional biometric fingerprint scanner that is 1/4 the thickness of a credit card. This has allowed us to manufacture what is believed to be the smallest fully operational fingerprint scanner in the world that is powered by an internal rechargeable battery," said SmartMetric's President & CEO, Chaya Hendrick.

"Our engineers in Israel along with our team in the United States, have created an ingenious product that can be now used across a whole range of products from fingerprint activated credit cards to access and network log on cards that replaces passwords and PIN numbers. We are pleased to see this report on the size of the market for biometric devices expected to reach $41.5 billion over the next 4 years," said Chaya Hendrick.

SmartMetric's biometric payments card solution adds to EMV Chip cards a strong biometric layer of security and works with existing chip card readers in retail stores and ATMs without the need for additional hardware or systems at the bank. The SmartMetric Biometric EMV Card has an embedded inside the card fingerprint reader that is used to scan a person's fingerprint, authenticate the card user and then in turn activate the cards EMV chip prior to a transaction at an ATM or in store checkout. The SmartMetric biometric card solution increases the trust level while providing a frictionless and seamlessly enhanced security experience for the card user.

According to EMVco there are 3.4 billion EMV chip cards now issued around the world. The United States is now changing over in excess of 1 billion credit and debit cards to EMV chip cards nationally.

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.

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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