SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

December 02, 2015 13:53 ET

SmartMetric Says We Need a Safer Payments Solution, Global Card Fraud Continues to Outpace Card Usage Growth With a Total of $19 Billion in Card Fraud Losses in 2014

NEW YORK, NY--(Marketwired - December 02, 2015) - SmartMetric, Inc. (OTCQB: SMME) -- According to figures released by The Nilson Report, Card Fraud Worldwide Losses incurred by card issuers, merchants, and acquirers reached $16.31 billion in 2014, up 19%. For the fourth year in a row, losses to fraud outpaced growth in total card volume.

This is an astounding level of losses but the the growth in fraud of 19%. What is also startling it that card fraud losses have outpaced the total growth in card volume worldwide. It is without question that a better solution to card fraud is desperately needed, said today SmartMetric's President & CEO, Chaya Hendrick.

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.

Contact Information

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    SmartMetric, Inc.
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