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The SmartMetric Biometric Credit Card Provides 100% Validation of the Card …

NEW YORK, May 20, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Unlike standard credit and debit cards that rely on the questionable safety of PIN numbers and CVV codes for user validation, the SmartMetric biometric credit card solution provides 100% card user validation immediately before the card is inserted into a credit card retail reader or ATM.

In other words, the credit or debit card chip and/or the card’s internal RFID used for NFC contactless payments will not work without first the card user’s fingerprint being successfully matched against their fingerprint that is already stored inside the card.

At no time does the user’s fingerprint leave the safety of the card. The SmartMetric biometric card does not store the user’s fingerprint on a centralized computer. Rather, the user’s fingerprint is safely stored inside the SmartMetric card protected behind a highly encrypted firewall.

When a card holder first receives their card it is a simple process for them to store their fingerprint inside the card. Much the same as when a person receives a smartphone and they touch the screen of the phone 3 or 4 times to have their fingerprint registered and stored inside the phone, so too with the SmartMetric biometric card. All the card holder needs to do is touch the card’s fingerprint sensor 3 to 4 times and the user’s fingerprint will be permanently stored inside the credit or debit card.

The ease of use and in particular the ease of storing a first time card user’s fingerprint is highly important in credit card markets such as the United States. The largest credit card issuing Banks in the USA distribute their credit cards to new card holders via the mail. One method of inserting the card user’s fingerprint into a card is to have them come into a bank branch and use a specialized fingerprint reader that copies the person’s fingerprint and then stores it inside the new card. For most large scale credit card issuers this is not efficient and in the case of some not even possible given their limited branch footprint.

“Having a simple and yet highly secure method for a card user to first install their fingerprint inside of the card, that would also work with existing large scale credit card issuers, was of the utmost importance to the electronic design team at SmartMetric,” said SmartMetric President and CEO, Chaya Hendrick.

Simple and frictionless

After the card holder’s fingerprint is stored inside the card, all the card user needs to do is touch the fingerprint sensor on the surface. In less time than it takes to reach across to insert the card into a credit or debit card reader, the card has scanned the user’s fingerprint and matched it with the pre-stored fingerprint inside the card. On a successful fingerprint match, the cards is turned on so that it can perform a card transaction.

The ease of use of the SmartMetric biometric card, along with the fact that it is powered by the SmartMetric internal green battery prior to the card being inserted into a reader to power the internal processor doing the fingerprint scan, means the SmartMetric biometric card is the only card that can work across all card reader types and situations. Biometric cards that do not have an internal independent power supply are very limited on where such cards can be used.

A big advantage for both credit card users as well as banks in fighting card fraud is the fact that the SmartMetric biometric card can not be activated if someone else is trying to use the card.

“Chip and RFID/NFC are activated for use only after a fingerprint match on the card bringing very strong biometric security for the next generation of credit cards,” said SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. 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.

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/20220520005354/en/

Contacts

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


Source link

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SmartMetric Announces the Development of a Combined Multi Function Contact …

NEW YORK, May 10, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) has developed a biometric activated credit/debit card that uses the card holders’ fingerprint to turn on the card prior to insertion of the card into a card reader or ATM.

The cards payment chip will not function in a standard contact or contactless credit card reader or ATM without the cardholder’s fingerprint first being scanned and matched. The user’s fingerprint is prestored inside the card and the cards internal fingerprint scanner is used to scan and match the user’s fingerprint in order to activate the credit or debit card.

The scan and match of the card users fingerprint takes less than a quarter of a second. The biometric scan is frictionless as it takes less time than it takes to reach across to insert the card into a reader.

Credit and debit cards that are used in the standard credit card reader where the user puts the credit card into a physical slot on the card reader is called a contact card. A credit and debit card that isn’t inserted into a card reader but rather is held over the top of the reader is called a contactless card. This operates on an RFID emission from the reader that reads an internal RFID chip sitting inside the card. Cards that have both contact function as well as the non-contact function are called dual interface cards.

SmartMetric has created a dual interface biometric fingerprint activated “dual interface” card that can be easily use across all credit and debit card reader types. Further the SmartMetric dual interface biometric card allows for multi sourced power and power recharging. When being used contactless by bringing the card into the proximity of a contactless card reader then the SmartMetric card harvests power from the RFID electronic field being emitted from the card reader. This energy is used to power the cards internal processor used to perform the rapid sub one second biometric fingerprint match. Importantly not only is the card powered through this wireless energy emission but excess power is harvested wirelessly to recharge the cards internal battery.

In the case of the card being inserted into a standard credit/debit card reader or ATM the SmartMetric card is able to draw power directly from the card reader providing a rapid recharge of the cards internal battery. The cards internal battery is used to power a fingerprint scan by the card prior to its insertion into the card reader or ATM.

A dual interface card with both contact and contactless energy acquisition is something that makes the SmartMetric biometric card a truly all situations and all card reading types solution for card issuing banks said today SmartMetric’s President and CEO, Chaya Hendrick.

This takes the credit card security to the next level beyond the less secure PIN number that is used today on credit and debit cards. Using biometric technology built into the card is a giant leap forward for credit and debit card security.

Because the SmartMetric biometric card allows the card to be used in all real-life situations and isn’t bound to being held by the user while a transaction is taking place, SmartMetric confidently believes that its biometric card solution is truly the most advanced and leading biometric card product in the world and the only truly practical biometric card solution for consumers and Banks alike.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo 1 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.

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.

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/20220510006184/en/

Contacts

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


Source link

SmartMetric Says Its Biometric User Fingerprint Credit Card Technology Stan…

NEW YORK, May 04, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) has made substantial improvements in its biometric card that include a state of the art miniature solid state rechargeable battery. Also a sophisticated hardware solution that distinguishes a live fingerprint from a fake one.

The more advanced SmartMetric biometric credit card is being readied for submission to one of the world’s largest credit card networks for operating approval on its network.

The soon to be released new biometric fingerprint activated credit card is coming to market in the light of alarming figures showing that businesses are suffering monumental losses due to online and at check out fraud. What is so alarming is that the rate of growth in online fraud for merchants is in triple figures with loses for chargebacks alone has been estimated to reach $30 Billion in the United States.

Charge backs are where the credit card user amongst other things, denies making the card purchase or says they never received the goods. It is estimated that 86% of this $30 billion in “chargebacks” or to be more precise, transaction reversals, are based on fraudulent misrepresentations by the card user.

One area beleaguering online merchants and the credit card industry as a whole, is the area commonly referred to as “friendly fraud.” Friendly fraud is far from friendly. It is a euphemism used in the credit card industry for what is essentially “customer fraud.” In the day and age when people would need to walk into a physical business to make a purchase with a credit card, any resulting fraud was termed “friendly fraud” since the person committing the fraud and the merchant would have been in face to face contact with each other. Now that the world has moved to billions of dollars being transacted online there is no human interaction for today’s credit card fraudster. So, it is a misnomer to call online based fraud by customers “friendly fraud.” The fraud in fact is out and out customer fraud. When 86% of reported fraud resulting in the transaction being reversed and money is returned to the fraudsters account, then this is most definitely not friendly fraud.

An additional cost to businesses and card companies online is the number of dollars lost in “card abandonment” at the online site checkout. In order to combat online fraud credit card, processors have now ramped up automatic fraud prevention tools that are in turn causing false rejections of credit cards being used by good paying customers with good money in their accounts.

It is estimated that 25% of what is called false positive transaction rejections result in the customer abandoning the transaction completely. Imagine owning a large department store and finding out that 1 in 4 of your customers turnaround and walk out without buying anything because their card is erroneously rejected by the card processor. A quick way to go bankrupt for any business. This doesn’t happen in physical retail stores anywhere near like it happens online, simply because the anti-fraud tools online are so more restrictive of transactions then what happens at a merchant’s terminal in the physical store.

“In a nut shell the explosion in online fraud and in addition the unimaginable loss of business from good paying customers abandoning online shopping carts because of false card rejections, is causing multi-billions of dollars a year being lost by merchants and credit card issuers in lost sales and outright fraud,” said the President and CEO of SmartMetric, Chaya Hendrick.

Without going into too much detail, the SmartMetric biometric activated credit card allows online merchants to fight back against customers who say it wasn’t them who made the transaction (customer fraud) and at the same time validate the legitimacy of the card user thereby allowing for greater acceptance of transactions which will reduce substantially the losses from checkout cart abandonment that is plaguing the online world.

The SmartMetric biometric credit and debit card uses the cardholder’s fingerprint which is read by a nano fingerprint scanner inside the card, to turn on the card prior to insertion into the card reader or ATM. The cardholder’s biometrics are protected since their fingerprint is stored inside their card and never leaves the card at any time. Only the authorized holder of the SmartMetric biometric credit and debit card can use the card.

“Using the SmartMetric biometric credit card that only allows the legal card holder to use the card, protects card users, merchants, card processors and banks with state-of-the-art biometric technology built inside the card,said Chaya Hendrick.

Further information on the SmartMetric biometric credit card is available on the company website at www.smartmetric.com

Figures used are from: https://chargebacks911.com/scary-chargeback-facts/

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/20220504005927/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
President & CEO
3960 Howard Hughes Parkway, Suite 500
Las Vegas, Nevada. 89169 USA
Tel: +1.702.990.3687 or +1.305.607.3910
ceo@smartmetric.com
www.smartmetric.com


Source link

The SmartMetric Biometric Credit Card Brings Safe 100% User Validation Beyo…

NEW YORK, April 12, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Unlike standard credit and debit cards that rely on the questionable safety of PIN numbers and CVV codes for user validation, the SmartMetric biometric credit card solution provides 100% card user validation at the time the card is being used for a purchase.

Simple and frictionless, all the card user needs to do is touch the fingerprint sensor on the surface. In less time than it takes to reach across to insert the card into a credit or debit card reader, the card has scanned the users fingerprint and matched it with the pre-stored fingerprint inside the card. On a successful fingerprint match, the card is turned on so that it can perform a card transaction.

The ease of use of the SmartMetric biometric card along with the fact that it is powered by the SmartMetric internal green battery prior to the card being inserted into a reader to power the internal processor doing the fingerprint scan, means the SmartMetric biometric card is the only card that can work across all card reader types and situations. Biometric cards that do not have an internal independent power supply are very limited on where such cards can be used.

A big advantage for both credit card users as well as banks in fighting card fraud is the fact that the SmartMetric biometric card can not be activated if someone else is trying to use the card.

“Chip and RFID/NFC are activated for use only after a fingerprint match on the card bringing very strong biometric security for the next generation of credit cards,” said SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo 1 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.

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/20220412006054/en/

Contacts

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


Source link

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SmartMetric Is Pleased to Announce That It Has Integrated On-the-card User …

NEW YORK, April 08, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Using state-of-the-art miniature sub micro electronics along with advanced software, SmartMetric has been successful in incorporating biometric secured fingerprint copy and matching by its card. This means that a separate fingerprint scanner that is needed by less sophisticated biometric cards is not required for the SmartMetric card user fingerprint enrollment.

The SmartMetric biometric card uses a powerful encrypted processor, separate to the payment chip cards processor, that is used to store the card user’s fingerprint inside the card. Because the SmartMetric biometric card doesn’t store templates or images inside the same chip that is used to process payments, the SmartMetric biometric card solution is able to provide fast and highly secure fingerprint registration and extraction without compromising the security of the card’s payments chip.

Other biometric cards that rely on the fingerprint being stored in the same chip used for card processing require the new card user to go into a bank branch and use a separate fingerprint scanner in order to have their fingerprint stored inside the card.

This obviously is an impediment to mass adoption of the biometric card, especially in countries such as the United States where the majority of large card-issuing banks issue their cards through the mail. In fact, one of the largest credit card issuers in the United States has very few branches and would be unable to adopt a biometric card that requires its customers to come into a branch to register their fingerprint.

The SmartMetric biometric credit card was specifically designed to work in the United States market, taking into account the methods used for getting cards into the hands of customers by the large USA card-based card-issuing banks.

SmartMetric biometric cards do not use the payments chip that is seen on the regular credit card’s surface, leaving this chip dedicated for processing payments at a credit card reader. Storing and matching a person’s fingerprint in a separate processor allows for the user’s fingerprint to be double firewalled and protected by highly secure cryptographic technology.

“Being a USA company we have been careful to design a biometric card solution that meets the needs of USA credit card issuers,” said SmartMetric’s President and CEO, Chaya Hendrick.

“Having a biometric card built for the needs of credit card issuers is one of the overriding guidelines that has driven our advanced and unique biometric card,” said Hendrick.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. 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.

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/20220408005552/en/

Contacts

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


Source link

SmartMetric Biometric Chip Credit Card Addresses the Existing and Growing 1…

NEW YORK, March 21, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Is the only United States based biometric card manufacturing company addressing the existing credit and debit card market that now exceeds more than 1.6 billion 1 issued cards.

Based on consumer research commissioned by SmartMetric, Inc., nearly 70% of existing chip credit card holders would pay over $60.00 for a credit card that has inbuilt fingerprint biometric protection technology such as that manufactured by SmartMetric. Halving these estimates, it is conceivable to see that the future sales and revenue for the SmartMetric biometric secured credit/debit card would be greater than $33 billion for the USA market alone.

A ten percent adoption rate of safer biometric credit cards by US consumers would see revenues of over $9 billion based on the consumer research showing what consumers are willing to pay for upgraded biometric based card security. But if a more pessimistic adoption figure of only 1% is used the projected revenues on this would be $960 million.

Based on the perceived increase in anti-fraud protection that the SmartMetric biometric card brings to card users, the SmartMetric commissioned research shows a massive potential user adoption by users of credit and debit cards in the United States alone, said SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric makes no claims as to future revenues or sales based on this market research and analysis.

SmartMetric has invested over $30 million dollars in developing its fingerprint activated credit card and is now in talks with major payments networks regarding its cards use on their respective global networks.

The USA market for credit cards while being large at 1.6 billion cards and growing is a fraction of the number of all chip-based cards issued globally. However the United States leads the world in the dollar value of transactions made using credit and debit cards.

Figures published by EMVCo 2 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.

SmartMetric has licensed issued patents and patents pending as well as trade secrets protecting 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 Quick_Resource_Introduction_to_EMVCo_SEP21_US.pdf
2 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/20220321005764/en/

Contacts

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


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SmartMetric, the Creator of Biometric Credit Cards in USA Sees United State…

NEW YORK, March 15, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Contrary to past thoughts that mobile phones would replace credit cards the reality is that credit cards remain the most dominant transaction choice.

Purchase Volume of Visa, Mastercard, American Express and Discover, consumer business and commercial cards issued in the U.S. generated $8.461 trillion in 2021. This was a staggering increase of 25.1% over 2020.2

“SmartMetric is the only known fingerprint biometric activated card in the credit card industry with a rechargeable battery that allows the card to be used in all card transaction situations, such as ATM’s and restaurants that process the card transaction away from the table,” said SmartMetric’s President and CEO, Chaya Hendrick.

The card holder simply touches a discrete sensor on the card’s surface and in less than a second their fingerprint is scanned and matched with their pre-stored fingerprint in the card. Enhancing the security of the card user’s biometrics, at no point does the user’s fingerprint leave the secure memory inside the card.

The SmartMetric biometric in card ultra small electronics technology has been developed in-house by SmartMetric with its team of high level electronics engineers. SmartMetric is the only United States based company manufacturing advanced biometric cards.

There are now over 11 billion1 chip based cards issued worldwide.

SmartMetric technology is protected by issued licensed patents and patents pending along with trade secrets 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

2 Nilson Report – March 15, 2022

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/20220315006148/en/

Contacts

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


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Biometric Fingerprint Activated Credit Cards Developed by SmartMetric Incor…

NEW YORK, March 10, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Uses advanced cryptographic technology inside the powerful microprocessor inside the SmartMetric fingerprint biometric card. This advanced microprocessor is used to store images of a persons fingerprint inside the card much in the same way as a mobile phone stores a fingerprint.

SmartMetric biometric cards do not use the payments chip that is seen on the regular credit cards surface. Leaving this chip dedicated for the processing payments at a credit card reader. Storing and matching a person’s fingerprint in a separate processor allows for the users fingerprint to double firewalled and protected by highly secure cryptographic technology.

“One of the great features of our card using dual processors, one for card transaction processing and another for fingerprint storage and scan and match, provides a high level of security for fingerprints also importantly it allows for at home fingerprint enrolment which is very important for most large credit card issuers in the United States,” said SmartMetric’s President and CEO, Chaya Hendrick.

Being a USA company we have been careful to design a biometric card solution that meets the needs of USA credit card issuers. A European biometric card developed by some who wanted to compete with the SmartMetric biometric card uses only a single processor. That is, they only use the payments chip used for payment processing seen on the surface of credit cards. The serious issue for this type of card is that because it is using the same processor used for credit card transactions a new card user needs to go into a bank branch and use a secure fingerprint scanner to input their fingerprint into the card. With our card the new biometric card user does not need to go into a bank branch and can easily and securely use the cards fingerprint on-card sensor for storing their fingerprint.

This product difference is massive, particularly in the USA market that has more than 80% of credit cards issued by mail. One of the largest credit card issuers only has a handful of branches but distributes millions of new cards a year direct to their customers through the mail.

“Having a biometric card built for the needs of credit card issuers is one of the overriding guidelines that has driven our advanced and unique biometric card,” said Chaya Hendrick.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo 1 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.

SmartMetric has “licensed” issued patents and patents pending as well as trade secrets protecting 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/20220310005897/en/

Contacts

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


Source link

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SmartMetric Adopts A “Green” Rechargeable Battery For Its Biometric Self Po…

NEW YORK, March 09, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): The SmartMetric biometric credit card that has an inbuilt rechargeable battery to power the cards fingerprint recognition processor is powered by a green, environmentally safe miniature internal battery.

“The battery we are using is what we call a non-volatile miniature battery that can even be cut with scissors without causing an issue or leakage, making it very environmentally safe for use in our biometric credit cards,” said SmartMetric’s President and CEO, Chaya Hendrick.

“SmartMetric is the only known fingerprint biometric activated card in the credit card industry with a rechargeable battery that allows the card to be used in all card transaction situations. Such as ATMs and restaurants that process the card transaction away from the table,” said SmartMetric’s Chaya Hendrick.

The rechargeable biometric card technology developed by SmartMetric is significant in that it allows credit card issuers to provide their customers with a biometric card solution that is usable and compatible with all existing credit card readers, something that non-self powered biometric cards are not able to do.

Embedding a powerful nanotechnology fingerprint scanner inside a standard credit and debit card, which is used to validate the card user before it can be used in a reader or ATM, takes security for the multi-trillion-dollar card industry to the next level.

The card holder simply touches a discrete sensor on the card’s surface and in less than a second their fingerprint is scanned and matched with their pre-stored fingerprint in the card. Enhancing the security of the card user’s biometrics, at no point does the user’s fingerprint leave the secure memory inside the card.

The SmartMetric biometric card in ultra-small electronics technology has been developed in-house by SmartMetric with its team of high-level electronics engineers. SmartMetric is the only United States based company manufacturing advanced biometric cards.

There are now over 11 billion1 chip-based cards issued worldwide for which the SmartMetric biometric inside the chip card is able to bring the next level of biometric security.

SmartMetric technology is protected by issued patents and patents pending along with trade secrets 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/20220309005759/en/

Contacts

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


Source link

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SmartMetric Biometric Card Brings Fingerprint Recognition Security to the N…

NEW YORK, February 28, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME), having developed a miniature fully functional fingerprint scanner that fits inside a credit and debit card, brings the power and security of biometric technology for the next generation of credit and debit cards.

Consumer research has shown that credit card users are seriously concerned about the safety of their credit card. Having a biometric protected credit card is bringing high level security technology to the credit card industry that meets the concern of the consumer for better safety and security.

The SmartMetric biometric activated credit/debit card uses standard credit card readers and ATMs where the card is inserted into the reader as well as operating wirelessly using the credit and debit card reader’s RFID reading capability.

Credit and debit cards that are used in the standard credit card reader where the user puts the credit card into a physical slot on the card reader is called a contact card. A credit and debit card that isn’t inserted into a card reader but rather is held over the top of the reader is called a contactless card. This operates on an RFID emission from the reader that reads an internal RFID chip sitting inside the card. Cards that have both contact function as well as the non-contact function are called dual interface cards.

SmartMetric has created a dual interface biometric fingerprint activated “dual interface” card that can be easily used across all credit and debit card reader types. Further, the SmartMetric dual interface biometric card allows for multi sourced power and power recharging. When being used contactless by bringing the card into the proximity of a contactless card reader then the SmartMetric card harvests power from the RFID electronic field being emitted from the card reader. This energy is used to power the card’s internal processor used to perform the rapid sub one second biometric fingerprint match. Importantly, not only is the card powered through this wireless energy emission but excess power is harvested wirelessly to recharge the card’s internal battery.

In the case of the card being inserted into a standard credit/debit card reader or ATM the SmartMetric card is able to draw power directly from the card reader providing a rapid recharge of the card’s internal battery. The card’s internal battery is used to power a fingerprint scan by the card prior to its insertion into the card reader or ATM.

A dual interface card with both contact and contactless energy acquisition is something that makes the SmartMetric biometric card a truly all situations and all card reading types solution for card issuing banks, said today SmartMetric’s President and CEO, Chaya Hendrick.

Because the SmartMetric biometric card allows the card to be used in all real-life situations and isn’t bound to being held by the user while a transaction is taking place, SmartMetric confidently believes that its biometric card solution is truly the most advanced and leading biometric card product in the world and the only truly practical biometric card solution for consumers and Banks alike.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. 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.

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/20220228005968/en/

Contacts

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


Source link