SOURCE: SmartMetric, Inc.
August 15, 2014 12:03 ET
NEW YORK, NY--(Marketwired - Aug 15, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- According to figures just released by the international standards body, EMV.Co., more than 2 billion EMV chip credit and debit cards have been issued worldwide as of 2013.
SmartMetric, using the banking industry EMV chip, has added a miniature fingerprint reader inside the card that is used to turn on the EMV chip after the card owner touches the card with his or her finger. The company has spent over 10 years of research and development in order to create what is the world's first biometric protected credit and debit cards. Built to work with EMV chip cards the SmartMetric Biometric activated payments cards are fully compatible with 2 billion chip cards in use globally. SmartMetric is working with Financial Institutions and is moving forward with mass production of its cards. The company, following presentations on Wall Street, is now considering various offers of funding in order to fund the company's growth and mass biometric card manufacturing.
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.
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.
See all RSS Newsfeeds