SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

March 11, 2016 09:41 ET

SmartMetric the Maker of the Biometric Safer Payments Card Is Proceeding With Licensing and Operational Testing of Its Card With a Major Global Payments Network

LAS VEGAS, NV--(Marketwired - March 11, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric is pleased to announce that it is now proceeding with licensing and operational testing of its biometric card with a global payments network.

Having presented our card to card issuing banks around the world we are now moving into the stage of preparing our card for interoperability as a credit card on one of the major card payments networks around the world. This is a major step forward in bringing our biometric card to market as we continue to work in cooperation with the existing payments card networks, infrastructure and card issuers said today, SmartMetric's President and CEO, Chaya Hendrick.

SmartMetric is presenting its biometric payments card at the Smart Card Alliance Payments Summit in Orlando Florida from April 4th through to April 7th, 2016.

SmartMetric's biometric payments card has achieved an incredible reduction in microelectronics to fit a fully functional fingerprint reader inside an EMV smart card. The card user rolls their finger across a thin sensor on the card's surface which is used to read the person's fingerprint and match it with their fingerprint already stored inside the card. Following a successful fingerprint match processed by the SmartMetric miniature fingerprint scanner inside the card the card is turned on allowing it to be inserted inside a credit card reader or ATM machine. The fingerprint scanning takes less than 0.25 seconds making it even faster as well as being more secure than typing in PIN's etc. 

About SmartMetric: SmartMetric has created a safer and better user validation and identification technology for payment and identity cards using a person's individual and unique biometrics to validate and identify the card user. The company has created a super miniature fully functional powerful fingerprint scanner that fits inside a payments card as well as identity and secure log on cards. Using an internal Cortex processor built in the card the SmartMetric biometric card scans, reads and matches a person's fingerprint in less than 0.25 seconds. The cards internal scanner is powered by a rechargeable battery developed by SmartMetric and also embedded inside the payments and identity card. SmartMetric is a publicly traded fully reporting company on the United States OTCQB exchange.

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.

Contact Information

  • SmartMetric, Inc.  
    Head Office:
    +1.702.990.3687

    Media Enquiries Direct: 
    +1.786.269.2238
    Email: info@smartmetric.com

    Investor Relations
    Everest Corporate Advisors, Inc. 
    702.334.7791 or 415.250.0105