SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

July 06, 2016 14:25 ET

SmartMetric, Maker of Biometric Activated EMV Chip Cards, Says the 1.4 Billion EMV Chip Cards in Just the Past 12 Months is Staggering -- Creating 4.8 Billion EMV Chip Cards Now in Use Around the World

NEW YORK, NY--(Marketwired - July 06, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- The technical standards body EMVCo has reported sustained growth in the worldwide adoption of EMV chip technology. Official figures of aggregated data show that by the end of 2015, the number of EMV payment cards in global circulation increased, year on year, by 1.4 billion to 4.8 billion.

This massive growth in EMV Chip cards in use around the world for credit and debit cards has had a staggering increase, adding 1.4 billion chip payments cards in just 12 months. The total issued EMV Chip credit and debit cards is now 4.8 Billion.

"Cards and now in particular EMV Chip cards continue to dominate the payments industry while mobile phone based payments still remain only a fraction of the overall payments market," said SmartMetric's President & CEO, Chaya Hendrick.

SmartMetic's biometric credit card uses a Cortex processor along with advanced SmartMetric developed electronics including an internal power management system and as well a fully rechargeable battery. This allows the card to operate using a persons fingerprint that is stored inside the card rather than on a central server.

SmartMetric officially launched its groundbreaking biometric payments card this April at the Smart Card Alliance Payments Forum in Orlando Florida. Since then the company has been working with Banks around the world who have shown strong interest in issuing this card as new card product for their own credit card fraud defenses as well as protecting the security of their customers.

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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