SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

June 13, 2014 09:00 ET

SmartMetric In-Card Fingerprint Reader for Biometric Activated Credit and Debit EMV Chip Cards -- Reported 100 Million Chip Cards in United States End of 2014 -- 70% of All USA Credit Cards With EMV Chip End of 2015

LAS VEGAS, NV--(Marketwired - Jun 13, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- According to a report by the Aite Group who have canvassed Credit Card issuing Banks in the United States, it is expected that more than 70% of USA payment cards will have the EMV chip on them by the end of 2015. According to the payments industry group, The Migration Forum, that is co-ordinating the change over to Chip based cards in the United States, more than 100 million payments cards with EMV chips on them will be issued by USA Bank's by the end of 2014. 

The changeover in the United States to chip based cards is bringing the USA into line with most other developed countries who have for some years been using payments cards with chips on them. It is reported that 1.65 billion payments cards with EMV chips on them have been issued around the world to date.

The SmartMetric in-card fingerprint reader adds a higher level of security to the chip only cards that still rely primarily on the user inputting a pin number. Using a miniature fingerprint reader built inside the card, the cards chip is turned on and activated to allow a card transaction only after a successful authentication of the card user's fingerprint, according to SmartMetric's President & CEO, Chaya Hendrick. "This is an amazing leap forward in making payments cards safer for banks and consumers alike," she said.

SmartMetric is actively working with payment card issuers in adoption of its biometric fingerprint technology for use in EMV chip and pin cards around the world.

For information on SmartMetric and its technology please go to www.smartmetric.com.

About SmartMetric, Inc. SmartMetric Inc. is a technology development company that designs, engineers its advanced products utilizing the company's expertize in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers that are at the center of SmartMetric Inc's key ring and credit and identity card products. For more information please visit us at 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

  • Contact Information

    Investor Relations
    EraStar, Inc.
    Steffan Dalsgaard
    President
    Las Vegas World Headquarters
    (702) 480-9800 office

    SmartMetric, Inc.
    Chaya Hendrick
    President & CEO
    Office: 305.503.8157
    Direct: 786.269.2238
    Email: ceo@smartmetric.com