SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

April 07, 2016 11:13 ET

SmartMetric Presented Its New World First Biometric Fingerprint Activated Credit Card With Built Inside the Card Fingerprint Reader at the Smart Card Alliance Payments Forum in Orlando Florida

ORLANDO, FL --(Marketwired - April 07, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric, the creator of the world's first biometric credit card that conforms to ISO and industry standards for credit cards that has a fingerprint scanner built inside the credit card. The fingerprint reader inside the card is used to activate and turn on the card using the card holder's fingerprint. 

"The biometric security technology everyone now uses on their smartphones to protect their phones from unauthorized use has now been shrunk to an incredibly small size to sit inside a credit card and bring the same level of biometric security of the smartphone down into the credit card," said today by SmartMetric's President and CEO, Chaya Hendrick.

"The President and CEO of SmartMetric gave a presentation to the Smart Card Alliance Payments Forum attendees presenting for the first time to the payments card industry the SmartMetric biometric credit card. We have seen an amazing level of interest at the conference, by some of the largest Banks in the United States of our new biometric credit card. It is very exciting to see the high level of enthusiasm for our new high security solution from within the credit card industry and the recognition that it has the potential to save consumers and banks alike multi million dollars a year in card fraud mitigation," said SmartMetric's President.

"Other companies with biometric cards also presented at the show but none conformed to industry ISO card thickness standards therefore not able to be issued by Banks. The other issue other biometric companies had is none had a rechargeable battery making it impossible for the card to be used at ATM's. We could have released a thick card without without a rechargeable battery years ago but we new for our card to be adopted by banks it needed to conform to global card network standards so we persevered to reduce the electronics of a fingerprint scanner that is so thin it can fit inside a credit card and conform to the payments networks standards. We are today the only such biometric card in the world that can be used across all card reader platforms including ATM's and conforms to ISO and banking industry standards," said Chaya Hendrick.

SmartMetric is now in talks with major national and global card issuing Banks who have expressed a high level of interest in deploying SmartMetric's biometric in-the-card technology.

SmartMetric is offering its biometric fingerprint activated credit card for $50.00 a card to card issuing banks. Consumer research shows card users would pay considerably more than this if offered to protect against card fraud. The SmartMetric biometric credit card is built around the global EMV chip card. There are now more than 3.4 billion chip cards issued globally. Recent consumer research is showing that 67% of credit card holders would be happy to pay for a biometric safer credit card that has a built in fingerprint scanner.

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

  • 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
    415.250.0105