SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

August 23, 2016 14:52 ET

World Economic Forum Lists Biometric Technology as Transformative as the Computer for the Future of Banking Financial Services -- SmartMetric the Maker of Biometric Credit Cards Agrees

NEW YORK, NY--(Marketwired - August 23, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric, the maker of fingerprint biometric payments and security cards, agrees with the statements coming out of the World Economic Forum listing biometric technology as being as transformative as what the computer itself was for the Banking and Financial Services industry.

The World Economic Forum (WEF) made the claim in its "Future Of Financial Infrastructure" report released last Friday.

The influential Forum that has become a famous meeting place of global leaders in business and government rates the transformative potential of technologies such as biometrics alongside past innovations such as the personal computer, the internet and smartphones.

Other transformative new technologies listed by the WEF include cognitive computing, machine learning, quantum computing, robotics and blockchain as well as biometrics in changing and transforming banking and financial services.

SmartMetric is leading the adoption of fingerprint biometric based security in credit cards along with other card based systems such as access control, identity management and health cards. We are pleased to see that the technology we have spent so long in developing is now being recognized as a truly transformative change technology that will have a major impact on the Banking and Financial Services Industry said today SmartMetric's President and CEO, Chaya Hendrick.

SmartMetric is the creator of the in-the-card fingerprint scanner for chip credit cards. It uses a SmartMetric developed miniature and super thin fully functional fingerprint reader that sits inside the credit card. The biometric reader is used to turn on the card's surface chip following a fingerprint match and prior to being inserted into card readers or ATM's.

The SmartMetric solution overlays biometric protection on top of the new chip card technology now being issued across the United States. There are now more than 4.8 billion chip payments cards issued globally.

SmartMetric officially launched its groundbreaking biometric payments card this April at the Smart Card Alliance Payments Forum in Orlando, Florida. The company is now in talks with card issuing Banks around the world.

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

*research figures from ACI Worldwide research report as published by Business Intelligence, July 2016

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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