$22.80 Billion Reported In Global Credit Card Fraud Losses – United States Accounts For More Than 39% Of All Worldwide Credit Card Fraud Losses
NEW YORK, May 24, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – Credit card fraud is occurring across retail, e-commerce, financial services and lending sectors at an alarming rate. Every $1 of fraud costs organizations in these industries between $2.48 to $2.82 – that means that fraud costs them more than roughly 2 ½ times the actual loss itself. Fraud cost as a percent of revenues ranges between 1.58% to 2.39%* based on research just published by The Nilson Report.
Payment card fraud globally has climbed to over $22 Billion in losses*. What is alarming for USA credit card issuers is that the United States has 39% of worldwide card fraud losses.
SmartMetric has created a powerful biometric fingerprint reader that sits inside a bank’s credit or debit card. Using the cardholder's fingerprint to unlock and activate the card as the card user touches the card's surface. In less than a second the card user’s fingerprint is scanned and then matched with their fingerprint stored inside the card. Of course if the person trying to use the card is not the card holder, the card will not work.
"One of the functional features of our card is that it is powered by an internal rechargeable battery. This means the SmartMetric biometric card in-card scanner can be used independently of and prior to the card being inserted into a card reader or ATM," said SmartMetric’s President & CEO, Chaya Hendrick.
The SmartMetric biometric credit card works with the global standard chip cards. There are more than 6 billion chip cards now issued by banks globally.
To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card SmartMetric website: www.smartmetric.com
* The Nilson Report May 18, 2018
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Contact Information
USA DISTRIBUTOR PROTEC Secure Card, LLC 80 Corbett Way Eatontown, NJ 07724, USA +1-732-542-0700 Sales: Tracey Breckenridge traceyb@protecsecurecard.com www.protecsecurecard.com
SOUTH AMERICA
HOGIER GARTNER & CIA. S.A. Alvaro Gartner Valencia Gerente Comercial & Financiero Carrera 65, No. 80-16 Bogota D.C. 11121, Colombia Tel: +57. (1) 4378484 alvaro.gartner@hogier.com
Grupo Datco San Martin 1004 Buenos Aires, Argentina Contact Adrian Carnevante – Director +54 (9)11.4103.1300
SMARTMETRIC Inc. (Manufacturer) SmartMetric, Inc. Chaya Hendrick President & CEO 3960 Howard Hughes Parkway, Suite 500 Las Vegas, Nevada. 89169 USA +1.702.990.3687 ceo@smartmetric.com www.smartmetric.com
