SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

February 15, 2016 10:34 ET

SmartMetric Says Not Just Your Credit Card Number but Your Complete Identity Is for Sale on the Open Net for $2.42 Showing That Credit Card Security and Related Identity Theft Are Out of Control

LAS VEGAS, NV--(Marketwired - February 15, 2016) - SmartMetric, Inc. (OTCQB: SMME) According to reports in Europe, a million credit card numbers from around the world are today up for sale on the open web for as little as $2.42 a card. Not only are credit card numbers available along with the cards expiration date and security code for this low per card cost but you also get the persons mothers maiden name, phone number and physical address.

With the wholesale data thefts, particularly over the past two years, international credit card and identity thieves have compiled databases on the population that go way beyond just a persons credit card number. Merging into these stolen data lists recent thefts of millions of social security numbers and you now have a complete data profile that goes to the heart of the security of the financial system.

SmartMetric says its biometric based credit card solution secures payment transactions in a way that a data dependent system is unable to do. Rather than relying on information that is doubtful as to wether it is compromised, having a credit card tied to the card user through the persons own biometrics is a major step ahead in payments card security. We use a persons fingerprint to activate the persons credit card using our miniature fingerprint scanner that is built inside the credit card and is used to 100% validate the card user before the card can be used. It has taken us over a decade to develop the super small electronics in order to have a fully functional fingerprint scanner that sits inside a credit card. What we have achieved is a giant leap in credit card security and a powerful protection for banks and consumers alike said today SmartMetric's President and CEO, Chaya Hendrick.

SmartMetric is in talks with financial institutions around the world about the adoption of its biometric credit card technology.

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 card's 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

To view the company website:

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:

    Media Enquiries Direct: 

    Investor Relations
    Everest Corporate Advisors, Inc. 
    702.334.7791 or 415.250.0105