SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

August 10, 2017 16:08 ET

SmartMetric Says Report Shows the Need for a Safer Biometric Secured Card -- Number of ATM's Hacked in the USA Grew 546%

NEW YORK, NY --(Marketwired - August 10, 2017) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric the manufacturer of the biometric fingerprint protected credit card says the recent report on ATM fraud shows the urgent need for better payment card security.

According to a report published by Business Insider, the number of ATM fraud cases in a 12 month period, from 2014 to 2015 increased by 546%.

The same report stated that fraud cost U.S. retailers approximately $32 billion in 2014, up from $23 billion just one year earlier.

Today, Sears reported that Kmart has suffered a malware attack on its payments system.

A never ending litany of card fraud data breaches shows the need for strengthened payments security. The biometric hardened security brought inside its credit card will bring stronger security for the benefit of banks and consumers alike, said today SmartMetric's President & CEO, Chaya Hendrick.

Following more than a decade of R&D, SmartMetric has successfully engineered a fully functional fingerprint reader that sits inside the credit card. Simply touching a square sensor on your biometric credit card scans your fingerprint, matches it with your pre-stored fingerprint inside the card and then turns your card on. All in less than a quarter of a second.

SmartMetric will be holding a public phone conference call on Thursday the 10th of August, 2017 at 6pm New York time and 3pm West Coast time.

The conference call dial in details are as follows.

United States +1 641-715-0857

International Dial-in Numbers:

Australia +61 3 8672 0152

Israel +972 55-966-1011

United Kingdom +44 330 998 1210

Access Code: 132920

To view the card working please follow the link:

Video Of Working SmartMetric Biometric Card

"More than $3 trillion dollars are transacted annually in the United States using credit cards. Our technology is designed to bring biometric security to the common credit card and in so doing, helping to provide greater payment security for card issuers and users alike," Chaya Hendrick said.

To view the company website:

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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 Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact Information

  • SmartMetric, Inc. Head Office

    Investor Relations
    Everest Corporate Advisors, Inc.