SmartMetric(TM) Brings Biometric Security to the World of Credit Cards
24 7월 2013 - 12:54AM
Marketwired
SmartMetric, Inc. (OTCQB: SMME) -- Speaking this morning from New
York, SmartMetric™ Inc. President & CEO said today's credit and
ATM Cards represent one of the weakest, in respect of security,
platforms imagined. With multimillions spent in attempting to
secure the little piece of plastic in your wallet, the Banks are
losing the war to the never ceasing onslaught of cyber and techno
thieves. It is estimated that in excess of $4 billion per year is
lost by the Card companies in the USA alone. To fight against these
multibillion losses each year, the card companies have added a chip
to Credit and ATM cards often referred to as EMV Chips. While these
chips have had a significant and substantial impact on card fraud
they have not eliminated it. Even as the card companies role out
their EMV/chip cards in the USA they still rely on the weak PIN and
as a result even the EMV/Chip cards are still vulnerable to fraud.
Having spent over a decade in product R&D, SmartMetric™ has
been able to reduce the size of a fingerprint scanner to an
unbelievable smaller-than-a-credit-card size. The SmartMetric
miniature fingerprint scanner that fits inside a credit card is the
smallest in the World and coupled with SmartMetric's specialized
card production process the company is able to replace the ever
vulnerable PIN with a person's Fingerprint for identity
verification and card activation. Billions of dollars in fraud
losses a year are at stake and are able to be seriously mitigated
by both the SmartMetric™ biometric reader in the card, along with
in the United States, the SmartMetric™ Patented Chip Card
technology that credit card companies are now issuing throughout
the USA. And for the added protection of the consumer the
SmartMetric™ fingerprint card stores the persons fingerprint inside
the card so the fingerprint never needs to leave the card. Safe,
encrypted and secure inside your card and never on a central
database.
So what card do you have in your pocket? Is it
just so-so secure or is it SmartMetric™ Biometric Secure?
More than 1.5 billion standard EMV/Chip cards have been issued
around the world to date. SmartMetric™ biometric in card technology
brings the next leap forward in securing these electronic credit
and ATM cards.
SmartMetric™ Inc. is suing Visa and MasterCard for patent
infringement of its "464" USPTO issued patent. The company is
claiming a combined pre paid royalty and damages of $13.4 billion
from both Visa and MasterCard.
SmartMetric Inc. plans on releasing its biometric in card
product in the last quarter of 2013.
For information on SmartMetric and its technology please go to
www.smartmetric.com.
About SmartMetric, Inc. SmartMetric, Inc.
has developed a portable biometric identity and transaction card
capable of storing a wide variety of personal information while
protecting you against identity theft and fraud. It is one of the
most advanced portable identity authentication solutions in the
world today. The card contains a biometric fingerprint scanner and
reader which only you can unlock and is smaller and thinner than a
credit card. The SmartMetric card is ideal for a wide range of
consumers, including Personal, Government and Corporate. For more
information please visit us at 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.
MedicalKeyring™ is a trademark of SmartMetric, Inc.
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Contact Information Contact: Investor Relations:
Jens Dalsgard ConstellationAA.com 415.524.8500 SmartMetric, Inc.
Ms. Chaya C. Hendrick President & CEO Office: 786.294.6000
Direct: 786.269.2238 ceo@smartmetric.com
SmartMetric (PK) (USOTC:SMME)
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SmartMetric (PK) (USOTC:SMME)
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