SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

August 27, 2015 11:19 ET

SmartMetric Has Developed an In-Card Fingerprint Scanner to Add Strong Biometric Security to the Payments System

As Breaches Increase, so Does the Relationship Between Breaches and ID Fraud Victimization, With 1 in 3 Data Breach Victims Suffering Identity Fraud

NEW YORK, NY--(Marketwired - August 27, 2015) - SmartMetric, Inc. (OTCQB: SMME) According to a report published by LexusNexus titled the true cost of fraud it stated, "Data breaches have taken a toll on the integrity of consumer identities. Using sophisticated programs to hack into merchants’ databases, criminals are becoming very successful in their data breach attempts, leaving consumers and merchants on the hook for fraud committed with the stolen credentials. As breaches increase, so does the relationship between breaches and ID fraud victimization, with 1 in 3 data breach victims suffering identity fraud."

Given the 100's of millions of individual data records stolen over the past 3 years, based on the LexusNexus report a staggering number of these data fraud victims will become victims of identity theft. With the cost of this subsequent identity theft being carried by the individual victims.

It is untenable to continue business as usual with the enormous economic burden being inflicted on consumers as a consequence of a weak payments transaction system. This is why we have created a biometric secured debit and credit card that brings the power of biometric security to world payments, said today SmartMetric's President & CEO, Chaya Hendrick.

SmartMetric is the developer of in-card biometrics by embedding inside credit, debit and ID cards an advanced miniature fingerprint scanner created by SmartMetric.

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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    SmartMetric, Inc.
    info@smartmetric.com