SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

April 14, 2011 10:26 ET

SmartMetric, Inc. Predicted U.S. Banks Will Be Forced to Adopt Smart Cards

One Month Ago, SmartMetric, Inc. Stated That Banks in the United States Will Be Forced to Adopt New Chip Based Credit Cards

BAY HARBOUR, FL--(Marketwire - Apr 14, 2011) - SmartMetric, Inc. (OTCBB: SMME) CEO & President C. Hendrick, today welcomed the announcement by one of the largest banks in the United States that it will be introducing chip based credit cards to help its customers overcome growing problems in using non-chip based credit cards in many developed countries, while travelling overseas.

On Bloomberg.net yesterday, it was reported, "Wells Fargo & Co. (WFC), the U.S. bank with the most branches, is testing microchip-embedded credit cards with frequent travelers to address complaints of customers who have trouble using their cards abroad."

The President and CEO of SmartMetric, Inc., C. Hendrick, further said that the company last month predicted this move in a media release dated March 14th 2011. Further, the SmartMetric company President said today that other Banks in the United States will be forced to adopt this technology and replace their out dated not-so-secure Credit Cards.

SmartMetric, Inc. says that its fingerprint activated Chip Cards provide the next Generation of security for credit card transactions and the adoption of Chip Cards around the world by Banks will facilitate the introduction and adoption of the SmartMetric, Inc. advanced technology.

In a media release dated March 14th 2011, SmartMetric, Inc.'s company President stated, "The European Payments Council (EPC) recently announced it's considering a ban on magnetic stripe cards within the next couple of years. This will force the last remaining standout amongst large consumer markets, the United States, to adopt Smart Cards and replace the insecure old mag-stripe cards."

You Are the Key -- Using Biometrics, Only You Can Turn On Your ATM/Credit Card; SmartMetric's Fingerprint Activated Smart Card Provides an Unparalleled Level of Security -- the Credit or Bank Card's Smart Chip Is Only Activated After a Consumer Touches the Smart Fingerprint Sensor on the Surface of the Smart Card.

About SmartMetric, Inc.

SmartMetric, Inc. has developed a portable biometric identity and transaction card capable of storing a wide variety of personal information while protecting you against identity theft and fraud. It is one of the most advanced portable identity authentication solutions in the world today. The card contains a biometric fingerprint scanner and reader which only you can unlock and is smaller and thinner than a credit card. The SmartMetric card is ideal for a wide range of consumers, including Personal, Government and Corporate.

For more information please contact the company President: ceo@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

  • Company Contact:
    President & CEO
    C. Hendrick
    SmartMetric, Inc.
    +1 (305) 607-3910
    Email Contact

    Investor Contact:
    Constellation Asset Advisors, Inc.
    +1 (415) 524-8500