SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

March 01, 2016 11:01 ET

Worried About Using Your Credit Card Online, SmartMetric Brings Biometric Security Online With Its Fingerprint Activated Credit Card

Online Credit Card Fraud In The United States To Jump From $2.9 Billion to $6.4 Billion

LAS VEGAS, NV--(Marketwired - March 01, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- According to research conducted by the Aite Group, online credit card fraud will increase dramatically in the United States from losses yearly of $2.9 Billion to a staggering losses of $6.4 Billion. 

SmartMetric has created a fingerprint activated biometric credit card that uses a super miniature fingerprint scanner inside the credit card that is used to identify and validate the card user. The card holder simply swipes their finger across the sensor on the surface of the card and in less than 0.25 seconds the card reads and matches the persons fingerprint that then in turn activates the card for use at the checkout or ATM. Now SmartMetric has created a small USB card reader adaptor that turns a persons laptop into a much safer way to buy online. Simply inserting the USB card reader into the USB port of the laptop, activating the card by swiping your finger and then inserting your card into the reader has now brought the safety and power of biometric security to the online user.

We see the new biometric payments card as a totally new technology device. By adding advanced electronics including a Cortex processor, memory and a powerful biometric scanner we have turned the humble credit card into an advanced and powerful new consumer device. Our engineers are now working on contact and wireless interfaces that takes the card from being a single purpose card to a multifunctional biometric transaction platform, said today SmartMetic's President & CEO, Chaya Hendrick.

SmartMetric's biometric payments card solution adds to EMV Chip cards a strong biometric layer of security and works with existing chip card readers in retail stores and ATMs without the need for additional hardware or systems at the bank. The SmartMetric Biometric EMV Card has an embedded inside the card fingerprint reader that is used to scan a person's fingerprint, authenticate the card user and then in turn activate the cards EMV chip prior to a transaction at an ATM or in store checkout. The SmartMetric biometric card solution increases the trust level while providing a frictionless and seamlessly enhanced security experience for the card user.

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 nationally.

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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