smartmetric-cards

SmartMetric Says the Latest Data Theft From T-Mobile Servers Has Shown the …

NEW YORK, August 18, 2021–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME), manufacturer of fingerprint biometric secured credit and debit cards, today commented on the T-Mobile data breach.

A dark web seller has offered for sale in exchange for bitcoin, 100 million personal records stolen from T-Mobile data systems. The most worrying part of this data theft is the breadth of the data stolen. It covers T-Mobile phone customers Social Security numbers, driver’s license numbers, phone numbers, address details as well as the user’s unique PIN used by T-Mobile to identify the phone service subscriber. As of August 18, 2021, T-Mobile is advising its pre-paid customers to change their PINs.

T-Mobile has confirmed the large size of the stolen information. According to a Yahoo! Finance article, “Roughly 47.8 million current and former or prospective customers have been affected by the cyberattack on its systems,” T-Mobile confirmed on Wednesday. This is nearly half of what is being claimed to be available on the dark web by the data thieves who say they have 100 million customer records.

According to a statement released by T-Mobile today, it is saying the data stolen includes personal information including the first and last names, date of birth, SSN, and driver’s license/ID information for a “subset of customers.” According to the Yahoo! Finance article, “So far, T-Mobile said it does not have any indication that the stolen files contain phone numbers, account numbers, passwords or financial information.” This is contrary to what a dark web seller of the data is stating. This seller, who is asking for $270,000 worth of bitcoin for 30 million T-Mobile users’ information, says the information he or she is selling does contain phone numbers as well as network identifier numbers for each user’s mobile phone number.

For the banking industry, this breach once again highlights the unreliability of Social Security and driver’s license numbers and data points found on driver’s licenses such as Dates Of Birth and home addresses, as factors for identifying a bank or credit card customer.

The opening of false new accounts including credit card accounts using what is called “synthetic identities” based on stolen identity markers will now see a spike along with identity theft touching home mortgages and many other aspects of the financial community.

We believe that this data breach along with a decade of serious other identity data breaches, has made the strongest case for the adoption of real time live biometrics for the identification of financial services users for such things as credit and debit card transactions, said today the President and CEO of SmartMetric, Chaya Hendrick.

In the statement T-Mobile announced its confidence that the entry point used to gain access to the data has been closed. This is an admittance that their systems were breached. The appearance within hours of the T-Mobile customer data for sale on the dark web gives evidence to the type and breadth of the actual data stolen.

SmartMetric is the manufacturer of fingerprint biometric secured credit and debit cards. The SmartMetric biometric cards have a fully functional fingerprint scanner built inside the card that is used to scan the card users’ biometrics in order to identify the legitimacy of the card user.

The SmartMetric card is being put forward for biometric card testing and approval by one of the world’s largest credit and debit card payments networks. This will allow the SmartMetric card to be used by card issuers and banks around the world over the international payments network. Also allowing these same financial institutions to purchase the SmartMetric card and issue it as the next generation safer credit and debit card for their customers.

SmartMetric has issued patents and patents pending surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210818005627/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687 / (305) 607-3910
ceo@smartmetric.com
www.smartmetric.com

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SmartMetric Announces Breakthrough Anti-spoofing Technology for Its Advance…

NEW YORK, June 28, 2021–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): SmartMetric has invented a hardware and software solution that detects whether or not the finger being used to activate the card is from an actual person or not.

This “liveness detection” anti-spoofing technology developed by SmartMetric is designed to defeat attempted use of fake fingerprints using such things as a copy of a person’s fingerprint replicated using a silicon fingerprint replica.

“As we move forward with greater and more valuable transaction applications for our biometric credit and debit cards, it was apparent to us that we needed to implement the highest level of biometric protection we could,” said SmartMetric’s President & CEO, Chaya Hendrick, today.

“SmartMetric has spent the last 12 months perfecting its fingerprint anti-spoofing technology and is now readying its product for vigorous payment network testing and certification. The hardware and software solution has required a major engineering effort that has caused a complete redesign of our biometric card’s internal electronics but was something we felt we needed to do to meet the stringent security requirements of the global credit card industry,” said Chaya Hendrick.

Testing of the new card will commence shortly with a three month estimated time frame to complete payment network testing.

SmartMetric’s electronic credit card has an ARM Cortex processor, up to a gigabyte and beyond memory, contact and contactless standard credit card interface for all credit card readers and ATMs, a stable rechargeable battery, and a rapid recharge power management system that recharges the card’s internal battery when used at a standard card reader, while still meeting ISO standard size and thickness for credit cards.

In addition, the SmartMetric card has incorporated live fingerprint detection, thwarting scammers who want to try and use a replica of a person’s fingerprint.

Along with anti-spoofing technology developed by SmartMetric, the card has its own internal cryptographic vault that uses state-of-the-art cryptography to protect data stored inside the card. From medical records, to transaction history to government sanctioned cryptocurrency, the SmartMetric electronic credit card opens up a brave new world of hybrid functionality for the credit card, while all the time protected by the card user’s own fingerprint biometrics.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe and the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005741/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
ceo@smartmetric.com
www.smartmetric.com

Source link

smartmetric-cards

SmartMetric Reveals That 60% of Existing Credit Card Holders are Willing to…

NEW YORK, Jun 18, 2021–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): The estimated size of the market for biometric credit and debit cards is significant. While SmartMetric is not making any projections on the actual size of the market, a number of industry figures point to the outsized market size and potential.

According to EMVCo, who is a credit card standards body responsible for the licensing and rules governing EMV chips used on today’s credit and debit cards, more than 10 billion 1 EMV chip cards have been issued by banks globally.

SmartMetric contracted an independent consumer market research company to ascertain the potential consumer demand for a credit card with incorporated fingerprint biometrics. The survey was conducted in the USA of credit card users.

The questions and results of the consumer research survey are as follows:

1: Are you concerned about credit card or identity fraud?

Answered Yes: 80.1%

2: Would you pay for a safer biometric secured credit card that has a built-in fingerprint reader for your protection?

Answered Yes: 65.5%

3: What would you prefer to pay for a biometric fingerprint secured safer credit card?

Answer 1: $69.95 onetime charge for the life of the card (3 years) 60.2%

Answer 2: $8.95 per month (includes identity theft insurance) 39.7%

Given these research results and given the number of credit cards issued by banks around the world, it is a massively large potential market that SmartMetric has developed its product for.

The more than 10 billion chip-based credit and debit cards issued throughout the world have been issued by banks in order to provide increased card security. By now adding fingerprint biometric sensing technology used to activate the cards contact and contactless chip, it takes security for credit cards to the next level.

Interesting for SmartMetric and card issuing banks is that the consumer research is showing that bank customers are willing to pay for biometric credit card. This is based on the consumer’s desire to have a safer technology that aids in protecting against card fraud. For banks card customers, the concern of card fraud goes well beyond the financial loss they may or may not experience.

Card customers find the whole experience of having their financial safety violated unpleasant. It is a logical as well as an emotional reaction by consumers. The sense of violation along with the general concern for their financial safety is the main driving force as to why the research is showing so many existing card customers are willing to pay for a biometric card.

For card issuing banks, they also are advantaged by the increased security offered by biometric credit and debit cards, while at the same time being able to turn their cards into a revenue generating new source of income, making the credit card a new consumer device in its own right.

SmartMetric is the inventor and manufacturer of electronics that fit inside credit and debit cards.

The SmartMetric fingerprint scanning technology inside the card allows the user to secure their credit card using their own fingerprint. It also allows payments networks to be confident that the person making the transaction is indeed the person to whom the card has been issued.

Fingerprint biometric secured credit and debit cards by SmartMetric have been designed around the chip that has now become the standard on newly issued cards within the credit and debit card industry. Touching a small sensor on the cards surface causes a fingerprint scan that reads and matches the card users’ fingerprint in less than a second. Following a fingerprint match, the card’s surface chip is then activated allowing the card to work in a card reader at a point-of-sale terminal or ATM.

Touch and store read once technology, developed by SmartMetric for its biometric card, allows mass card issuing financial institutions to issue their cards direct to consumers without the need for consumers to come into a bank branch. This is an important feature of the SmartMetric biometric card, since most new card issuance particularly in the USA is done via the mail.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe and United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

SmartMetric has issued patents and patents pending surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

1 Data Source: 10 Billion and Counting: What the Latest EMV<sup>®</sup> Chip Data Means for Global Payments – EMVCo

EMV is a registered trademark of EMVCo

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210618005502/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
ceo@smartmetric.com
www.smartmetric.com

Source link

smartmetric-cards

SmartMetric Sees the Adoption of European Union Banking Directive to Usher …

NEW YORK, Jun 16, 2021–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): The European Union PSD2 banking directive will force banks to adopt two (2) factor authentication for credit and debit card transactions. The EU, PSD2 directive is designed to afford greater protection for consumers using their credit and debit cards online and offline. It comes into effect as of March 14, 2022.

SmartMetric is excited about the adoption of two (2) factor authentication for consumer protection. “We see that the adoption of authentication beyond the PIN will catapult the adoption of our biometric safer credit card across Europe in our opinion,” said today SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric is continuing the incorporation of its newly invented method for detecting between a live finger and a fake finger when using the SmartMetric biometric credit and debit card. This development was spurred by the requirement of one of the largest payments networks for biometric cards.

This global network recently released its biometric card testing protocols and requirements which amongst other things strongly stipulated that biometric cards must be able to withstand a fingerprint spoofing attack. The biometric card industry has relied on software to differentiate between live and fake fingerprints. SmartMetric tested what was used generally in the industry and found that it did not meet the testing applied by its engineers. SmartMetric saw that it needed to create a solution that was far more advanced than that being used by the biometric industry.

There are now 10 billion chip-based credit and debit cards issued throughout the world. The SmartMetric biometric in-the-card technology is used to activate the chip cards’ contact and contactless chips following an instant fingerprint scan on the card.

SmartMetric is the inventor and manufacturer of electronics that fit inside credit and debit cards making what is arguably the world’s leading credit and debit card fingerprint biometric platform for the credit card industry.

The SmartMetric fingerprint scanning technology inside the card allows the user to secure their credit card using their own fingerprint. It also allows payments networks to be confident that the person making the transaction is indeed the person to whom the card has been issued.

Fingerprint biometric secured credit and debit cards by SmartMetric have been designed around the chip that has now become the standard on newly issued cards within the credit and debit card industry. Touching a small sensor on the card’s surface causes a fingerprint scan that reads and matches the card users’ fingerprint in less than a second. Following a fingerprint match the card’s surface chip is then activated allowing the card to work in a card reader at a point-of-sale terminal or ATM.

Touch and store read once technology, developed by SmartMetric for its biometric card, allows mass card issuing financial institutions to issue their cards direct to consumers without the need for consumers to come into a bank branch. This is an important feature of the SmartMetric biometric card since most new card issuance particularly in the USA is done via the mail.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe and United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

SmartMetric has issued patents and patents pending surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210616005881/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
ceo@smartmetric.com
www.smartmetric.com

Source link

Company-Profile-Header-smartmetric-1

SmartMetric, the Maker of Fingerprint Biometric Credit and Debit Cards, Say…

SmartMetric, Inc. (OTCQB: SMME): Nearly 1 billion chip-based credit and debit card were issued from 2019 to the end of 2020 adding to a cumulative total of chip-based credit and debit cards nearing 11 billion issued cards in circulation.

SmartMetric is the inventor and manufacturer of electronics that fit inside credit and debit cards, making what is arguably the world’s leading credit and debit card fingerprint biometric platform for the credit card industry.

The SmartMetric fingerprint scanning technology inside the card allows the user to secure their credit card using their own fingerprint. It also allows payment networks to be confident that the person making the transaction is indeed the person to whom the card has been issued.

Fingerprint biometric secured credit and debit cards by SmartMetric have been designed around the chip that has now become the standard on newly issued cards within the credit and debit card industry. Touching a small sensor on the cards surface causes a fingerprint scan that reads and matches the card users’ fingerprint in less than a second. Following a fingerprint match the cards surface chip is then activated allowing the card to work in a card reader at a point-of-sale terminal or ATM.

Touch and store read once technology, developed by SmartMetric for its biometric card, allows mass card issuing financial institutions to issue their cards direct to consumers without the need for consumers to come into a bank branch. This is an important feature of the SmartMetric biometric card since most new card issuance, particularly in the USA, is done via the mail.

SmartMetric is a USA-based company with sales and marketing partnerships in Latin America, Europe and United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

SmartMetric has issued patents and patents pending surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

1 Data Source: 10 Billion and Counting: What the Latest EMV® Chip Data Means for Global Payments – EMVCo

EMV is a registered trademark of EMVCo

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210607005617/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
ceo@smartmetric.com
www.smartmetric.com

Source link

SmartMetric Reports That Nearly 11 Billion Chip Credit and Debit Cards Have…

SmartMetric, Inc. (OTCQB: SMME): Figures published by EMVCo1 reveal that by year end of 2020, 10.8 billion EMV® chip cards have been issued by financial institutions and were in global circulation – a massive increase of nearly 1 billion credit and debit EMV® cards compared to the previous twelve months.

In addition, EMVCo reports that 86% of all card-present transactions conducted globally using EMV® chip technology. This is based on the data obtained from American Express, Discover, JCB, Mastercard, UnionPay and Visa. It should be noted that, globally, 86.1% of transactions are EMV chip.

SmartMetric foresaw the global adoption of credit and debit cards with chips. It embarked on developing a biometric fingerprint scanner small enough to fit inside a credit card over a decade ago. “Reducing the electronics to miniature scale of less than 0.3mm, allowing it to fit inside a credit card that meets ISO standards for such cards, has been a long process but one we are glad we set out to achieve,” said today SmartMetric’s President and CEO, Chaya Hendrick.

The SmartMetric in-the-card fingerprint scanner allows for the card’s chip to only work following a successful scan and match of the card user’s fingerprint. Unlike other biometric cards, the SmartMetric card does not need the card user to go into a bank branch to have their fingerprint stored on their new biometric card. Instead, the SmartMetric Biometric Card allows the card user to enroll their fingerprint when they first receive it at home as simply as it is when enrolling your fingerprint on a smartphone.

Touch and store read once technology developed by SmartMetric for its biometric card allows mass card issuing financial institutions to issue their cards direct to the consumers as they normally do without the need for consumers to come into a bank branch to activate their new biometric card.

SmartMetric is a USA-based company with sales and marketing partnerships in Latin America, Europe and the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

SmartMetric has issued patents and patents pending surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

1 Data Source: 10 Billion and Counting: What the Latest EMV® Chip Data Means for Global Payments – EMVCo
EMV is a registered trademark of EMVCo

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210604005606/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
ceo@smartmetric.com
www.smartmetric.com


Source link

smartmetric-cards

SmartMetric, The Maker Of Biometric Protected Fingerprint Activated Credit …

SmartMetric, Inc. (OTCQB: SMME): 2.8 billion credit cards are in use worldwide. 1.06 billion credit cards are in use in the United States of America. 1 Card based transactions account for $30 trillion in payments globally. 2

The SmartMetric biometric credit and debit card is made to provide additional transaction security at the card level. Using a card holders fingerprint to unlock the card prior to the card being used in a transaction, provides an dramatically enhanced level of security beyond signature or PIN card user validation.

The biometric card users fingerprint is stored inside the actual card and never leaves the card. The SmartMetric card also has built inside the card a fingerprint scanner that is able to scan the users fingerprint at first usage providing for a seamless download of the card users fingerprint into the cryptographically firewalled memory of the card. This on-card method for capturing and storing a persons fingerprint on the card allows the SmartMetric biometric card to be issued by mass card issuers. Without the need for consumers to come into a Bank branch to pre-register their fingerprint on a specialized fingerprint scanning machine in the Bank. To register you fingerprint on the SmartMetric biometric card when a consumer first receives their card, all they need do is touch the fingerprint sensor on the cards surface and the internal fingerprint scanner will then store securely the fingerprint inside the card. As simply as storing a fingerprint on a smartphone for biometric phone security.

“We are very excited about the extremely large market size our biometric card addresses and we are see the addition of biometric security to the credit and debit card as a major leap forward in card security for card issuers and the card consumer alike,” said today SmartMetric’s President & CEO, Chaya Hendrick.

The SmartMetric biometric card solution users a super small fingerprint scanner embedded inside the credit/debit card. Instead of touching the card reader the card user simply touches a square sensor on the top to the card that then causes the internal scanner to read the card holders fingerprint in less than a second. A user safe and immediate card holder validation that causes the card to immediately be activated. On activation for the transaction the cards internal RFID/NFC system allows the card to communicate, without physical contact with the reader. Safe, immediate, and no contact with the card reader required.

SmartMetric’s electronic credit card has an ARM Cortex processor. Up to a Gigabyte and beyond memory. Contact and contactless standard credit card interface for all credit card readers and ATM’S. A stable rechargeable battery. Rapid recharge power management system that recharges the cards internal battery when used at standard card reader. While still meeting ISO standard size and thickness for credit cards.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

1 Credit Card Statistics [Updated February 2021] Shift Processing
2 The Motley Fool, December 3, 2012

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210521005418/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
ceo@smartmetric.com
www.smartmetric.com

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Pennexx 7

Say Goodbye to PIN Numbers, SmartMetric Reports Increased Interest in Its B…

SmartMetric, Inc. (OTCQB: SMME): The Corona-19 virus has made dramatic changes to the way we work and play. Not surprisingly it has also impacted how we pay.

The old and arguably very insecure PIN number used to verify the identity of a debit card user at the checkout or the need to use a pen for signatures that is used by countless numbers of different people during the day is causing a demand for a better, safer way to authenticate a card user. With the knowledge of users on how transmittal the Corona-19 virus is the aversion by consumers to use the touchpad or signature pen at the supermarket checkout is understandable.

Sales staff do not clean card-reader virus-transmitting touch points after every customer. Touching a pin pad or using the signature pen at a checkout has now become a game of Russian roulette when it comes to safely using your credit or debit card at checkout.

Credit and debit cards still account for more than 95% of instore transactions with consumers showing even a greater aversion to using cash. Cash is now seen as potential virus carrier and is the least preferred choice by consumers. This doesn’t mitigate the aversion consumers have regarding the need to touch card readers that are touched by everyone else going through the same checkout.

In talks with card issuers, SmartMetric has seen an increase of interest in its biometric contactless card solution that will allow consumers to have a completely no-touch experience at the checkout while providing a far greater level of transaction security than the old fashioned and weaker PIN and signature methods.

The SmartMetric biometric card solution users a super small fingerprint scanner embedded inside the credit/debit card. Instead of touching the card reader the card user simply touches a square sensor on the top to the card that then causes the internal scanner to read the card holder’s fingerprint in less than a second. A user safe and immediate card holder validation that causes the card to immediately be activated. On activation for the transaction the card’s internal RFID/NFC system allows the card to communicate, without physical contact with the reader. Safe, immediate, and no contact with the card reader required.

SmartMetric’s electronic credit card has an ARM Cortex processor, up to a Gigabyte and beyond memory, contact and contactless standard credit card interface for all credit card readers and ATMs, a stable rechargeable battery, rapid recharge power management system that recharges the card’s internal battery when used at standard card reader, all while still meeting ISO standard size and thickness for credit cards.

The Board and Shareholders of SmartMetric recently resolved to increase the authorized shares of the company. It has also resolved to allow for an increase of the size of its board along with allowing for a reverse split of its shares at some future point. All of these changes have been made to facilitate the up-listing of the company onto either NASDAQ or NYSE main boards at some future point. The SmartMetric Board will only advise moving to an up-list only and after a substantial increase in its share price from current levels. At this point in time the company is focused on bringing its biometric credit card product to market in order to move from a development stage company to a revenue earning company.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210510005641/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
ceo@smartmetric.com
www.smartmetric.com


Source link

Pennexx 3

SmartMetric Announces the Inclusion of Anti-Spoofing Technology for Its On …

SmartMetric, Inc. (OTCQB: SMME): SmartMetric has invented a hardware and software solution that detects whether or not the finger being used to activate the card is from an actual person or not.

This “liveness detection” technology developed by SmartMetric is designed to defeat attempted fingerprint spoofing using such things as a copy of person’s fingerprint replicated using a silicon fingerprint replica.

“As we move forward with greater and more valuable transaction applications for our biometric credit and debit cards, it was apparent to us that we needed to implement the highest level of biometric protection we could,” said SmartMetric’s President & CEO Chaya Hendrick.

“SmartMetric has spent the last 12 months perfecting its fingerprint anti-spoofing technology and is now readying its product for vigorous payment network testing and certification. The hardware and software solution has required a major engineering effort that has caused a complete redesign of our biometric cards’ internal electronics but something we felt we needed to do to meet the stringent security requirements of the global credit card industry,” said Chaya Hendrick.

Testing of the new card will commence shortly with a three month estimated time frame to complete payment network testing.

SmartMetric’s electronic credit card has an ARM Cortex processor, up to a Gigabyte and beyond memory, contact and contactless standard credit card interface for all credit card readers and ATMs, a stable rechargeable battery, a rapid recharge power management system that recharges the card’s internal battery when used at a standard card reader, all while still meeting ISO standard size and thickness for credit cards.

In addition the SmartMetric card has incorporated live fingerprint detection, thwarting scammers who want to try and use a replica of a person’s fingerprint.

Along with anti-spoofing technology developed by SmartMetric, the card has its own internal cryptographic vault that uses state-of-the-art cryptography to protect data stored inside the card. From medical records, transaction history to Government sanctioned cryptocurrencies, the SmartMetric electronic credit card opens up a brave new world of hybrid functionality for the credit card, while all the time protected by the card user’s own fingerprint biometrics.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe and the United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

To view the SmartMetric Biometric Card please follow this link – Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210507005576/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
ceo@smartmetric.com
www.smartmetric.com

Source link