SOURCE: SmartMetric, Inc.
NEW YORK, NY--(Marketwired - May 19, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- According to a report published on a newswire by EMV Migration Forum, an estimated 17 million to 20 million Chip Cards have already been issued in the United States with an expected hundred million or more cards expected to be issued next year. At the same time a recent report by Javelin Strategy and Research says that the direct dollars lost from credit card fraud in 2013 rose dramatically in the United States, reaching $11 Billion from $8 Billion in 2012.
Both figures point to underlying economics of Chip Cards in the United States and show the huge gains in using this technology that is at the heart of the SmartMetric $13.4 billion patent infringement case it has brought against both Visa Inc. and MasterCard International, said SmartMetric President & CEO, Chaya Hendrick.
About SmartMetric, Inc.
SmartMetric, Inc. is a technology development company that designs and engineers its advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers that fit inside credit and identity cards 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.
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