NEW YORK, June 05, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – Payment card fraud globally has climbed to $24.71 Billion in losses*. What is alarming for USA credit card issuers is that the United States has 47% of worldwide card fraud losses.
- The latest Nilson Report estimates that in 2016, worldwide credit card losses topped $24.71 billion.
- Barclays reports that 47 percent of all credit card fraud occurs in the United States.
- Fifty-six percent of Mexico residents reported being a victim in 2016.
- Only 8 percent of Hungarians reported being victims in the past 5 years. In general, European countries have the lowest fraud rates due to the early adoption of EMV (chip) cards.
- Javelin Strategy reports that there is an identity theft incident every 2 seconds, many involving credit card fraud.
- ACI Worldwide estimates that 47 percent of Americans have been a victim of credit card fraud in the past 5 years.
SmartMetric has created a powerful biometric fingerprint reader that sits inside a bank’s credit or debit card. Using the cardholders fingerprint to unlock and activate the card as the card user touches the cards 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 today, SmartMetric’s President & CEO, Chaya Hendrick.”
SmartMetric has created both contact chip as well as contactless chip versions of it’s biometric credit and debit card. Contact and Contactless functions of the card are disabled and are only activated following a card users successful fingerprint match.
The fingerprint scan, match and card activation takes less than a second. The powerful miniature fingerprint reader inside the card is powered by a rechargeable battery that is constantly recharged every time the card is inserted into a credit/debit card reader or ATM.
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
* http://losspreventionmedia.com/insider/retail...18-update/
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. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.
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
