SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

December 07, 2015 10:39 ET

SmartMetric Says New Consumer Research Shows Debit Cards 38% and Credit Cards 37% Along With Cash 21% Trounce the Use of Mobile Payments Which Is a Meagre 1% as Preferred Holiday Payment Method

NEW YORK, NY--(Marketwired - December 07, 2015) - SmartMetric, Inc. (OTCQB: SMME) -- Research just released by Bankrate in a consumer survey conducted from November 5-8, 2015 shows the growing dominance of debit cards for payments while mobile payments are a hardly a blip on the payments landscape at only 1%.

The greatest reason given why consumers are not adopting mobile payments is because of fear of security.

"Consumers are far more intelligent than many in the rarified offices of technology gurus who have been pouring billions into mobile payments systems," said SmartMetic President and CEO, Chaya Hendrick. In the Bankrate survey, consumers listed as the main reason for not using mobile for payments: 1. Not secure enough 36% 2. Other payment methods are more convenient 31% 3. Don't know how to make one 12% 4. Don't have a phone that allows them 11% 5. Favorite stores don't accept them 3%

SmartMetric is the creator of the biometric fingerprint activated credit and debit card. The SmartMetric biometric payments card solution works with existing chip card readers in retail stores and ATMs without the need for additional hardware or systems at the bank. According to EMVco there are 3.4 billion EMV chip cards now issued around the world. The United States is now changing over in excess of 1 billion credit and debit cards to EMV chip cards throughout the country.

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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