Identity Fraud Losses $24 Billion (USD) in the USA With Over 15 Million US …

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NEW YORK, December 05, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Fraud and Identity Theft in the USA to use a phrase, is going to the moon with a steep trajectory.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221205005712/en/

the SmartMetric biometric credit card with a powerful fingerprint scanner built inside the card (Photo: Business Wire)

In 2021, traditional identity fraud losses—those involving any use of a consumer’s personal information to achieve illicit financial gain—amounted to $24 billion (USD) and ensnared 15 million U.S. consumers according to Javelin Research. 1

“With runaway fraud and its exponential growth in the USA, it is important that all touch points in the payment eco-system harden their security defenses,” said SmartMetric’s President & CEO, Chaya Hendrick.

Credit and debit cards that use outdated technology as highly vulnerable four (4) digit PIN’s are an obvious weak point of security for payment cards. “Adding biometric fingerprint identification for the card to work is layering a highly strong authentication and security to the credit and debit card using the power of biometrics,” said Chaya Hendrick.

The SmartMetric biometric credit and debit card solution uses the SmartMetric developed miniature fingerprint scanner and reader that sits inside the credit and debit card. This is used to instantly identify the card user and in turn activate the card for use in a transaction.

Using advanced battery and a SmartMetric developed power management system, the SmartMetric card is the only biometric credit/debit card that is able to be used at ATM’s and Gas pumps that use readers that “swallow” the card for a transaction. Inferior biometric payments cards rely on drawing the power from the card reader in order for the card to do a fingerprint match, but of course this prohibits the card from being used in contact card readers that take in the card, not allowing the card holder to hold the card with their finger on the card’s sensor.

The SmartMetric biometric credit card solution is without a doubt without peer in the world of biometric cards. Years of research and development with a clear objective of creating a best in class biometric card solution with a user centric focus, has given SmartMetric an unbelievable new credit card category product.

“Bringing a brand-new type of credit card into existence and that meets the approval and licensing requirements of the credit card industry is no small feat. However, we are excited with the incredible prospects for the company as we move forward with our amazing next generation credit card with its built-in biometric fingerprint security,” said SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric believes it has created the most advanced biometric credit card solution in the world. “While others may try to imitate, none have come even close to achieving the advances, such as our card to be used in all types of credit card readers, in all card usage situations,” said Chaya Hendrick.

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

1 2022 Identity Fraud Study: The Virtual Battleground | Javelin (javelinstrategy.com)

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/20221205005712/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 in Last Stage of Manufacture of Its Latest Biometric Fingerprin…

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NEW YORK, December 02, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Having been confronted with delays and obstacles in component delivery along with physical issues with supply chain and component manufacturing, SmartMetric is pleased to advise that it is now nearing the completion of the manufacturing of its latest version of its biometric credit card with the advanced nano fingerprint reader built inside the card.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221202005448/en/

(Photo: Budiness Wire)

The main advanced features of the SmartMetric biometric card are:

  1. Internal rechargeable hybrid solid state battery that allows the card to be used for fingerprint recognition prior to the card being inserted into a reader. This state-of-the-art battery has been tailor made to the specifications of SmartMetric. It is non-volatile and can withstand being cut or punctured. The physical size is less than half of the prior battery that was being used by SmartMetric. Having a power source inside the card allows the card to be used for a fingerprint scan at such places as ATMs that “swallow” the card and at restaurants where the attendant takes the card from the table to process at the counter.

  2. Hardware solution that identifies a live fingerprint and differentiates between a real fingerprint as apposed to a fake fingerprint made of, say, silicon. This feature is unique to the SmartMetric biometric card and provides for a solid and robust live fingerprint detection. Others have said they can achieve live fingerprint detection through software. Our testing in R&D in our engineering center in Tel Aviv, Israel has shown us that software-based live detection does not work. SmartMetric has spent a great deal of time and effort in designing and developing its live fingerprint hardware-based detection system.

  3. Refined our circuit board used to mount our electronic components to achieve greater thinness and smaller size. Having an electronics circuit board with mounted electronic components that fits inside a credit card ISO thickness has always been a challenge. It has taken SmartMetric years of R&D to perfect is miniaturization to less than 1/3 the thickness of a credit card. This is an incredible achievement in the field of electronics. Especially when you consider the SmartMetric circuit board has an ARM Cortex processor, flash memory and a complex power management system. It is akin to having a smartphone ciruit board one third the thickness of a credit card. This achievement in miniaturization has been achieved by SmartMetric engineers.

  4. SmartMetric operating system that is used to the control the card’s internal Cortex processor used to perform the fingerprint scan of the card user. This operating system also controls the card’s internal power management system that allows the card to receive a rapid recharge when inserted into a “contact” credit card reader. The SmartMetric OS also allows the card to rapidly harvest RFID/NFC energy from contactless card readers when the card is used for a contactless payment. This energy harvesting only provides enough power for a single fingerprint scan so it is limited in its use and application.

  5. Additional memory attached to the SmartMetric Cortex processor, allowing the card to be used in the future for multi usages beyond just payments. At the moment the company has successfully attached 1GB of memory, however we are able to add many times this inside our card.

  6. In home self-enrollment of the card user’s fingerprint. Since the SmartMetric biometric card solution does not use the cards EMV secure element but rather an independent secure processor for storing and matching the users fingerprint, the new card can be sent via mail to the card user and they are able to enroll their fingerprint much in the same way a person enrolls their fingerprint on a smartphone. This is absolutely critical in markets such as the USA where nearly 80% of new credit cards are sent out via the mail. Imitators of the SmartMetric card use the EMV secure element for storing the card holder’s fingerprint. This of itself creates system design inefficiencies but most importantly since the enrollment of the fingerprint is into the EMV payment system secure element chip, it requires the card holder to go into a bank branch and use a special enrollment device to have their fingerprint stored in the EMV chip. Of course, SmartMetric realized a number of years ago that this would not work in real life and would in fact inhibit the adoption of biometric credit cards. Consequently, SmartMetric spent a huge effort in providing a solution that operates like a smartphone. Simple frictionless self-fingerprint enrollment is an imperative for the design and development of the SmartMetric biometric credit card.

  7. Perfected the method of using standard credit card lamination equipment for the final card lamination and printing process. SmartMetric is able to provide the card as a “pre-lam” product to existing credit card laminators and card personalization providers that provide card services to card issuing Banks.

The SmartMetric biometric credit card solution is without a doubt without peers in the world of biometric cards. Years of research and development with a clear objective of creating a best in class biometric card solution with a user centric focus has given SmartMetric an unbelievable new credit card category product.

“Bringing a brand-new type of credit card into existence and that meets the approval and licensing requirements of the credit card industry is no small feat. However, we are excited with the incredible prospects for the company as we move forward with our amazing next generation credit card with its built-in biometric fingerprint security,” said SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric believes it has created the most advanced biometric credit card solution in the world. “While others may try to imitate none have come even close to achieving the advances we have that allow our card to be used in all types of credit card readers in all card usage situations,” said Chaya Hendrick.

As guidance, SmartMetric is expecting its latest biometric card will be completed manufacturing within the next 4 to 8 weeks. That includes component assembly, card lamination and delivery. Changes to the products componentry has had to be made due to supply chain chip issues. These issues have now been overcome and there is now no impediment to the manufacture of the SmartMetric biometric card product.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo 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 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/20221202005448/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 Biometric Credit Card Is Protected by Issued Patents Against Co…

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NEW YORK, November 03, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) biometric credit card, invented by SmartMetric’s founder and CEO Chaya Hendrick, is protected against copying by other manufacturers by issued patents.

Patents are powerful in protecting original inventors from people or companies that try to copy the invention of an inventor. The USA founding fathers saw the economic benefit and need of protecting the inventions of inventors that protecting inventors inventions is part of the US constitution.

Chaya Hendrick, the CEO and President of SmartMetric is the original inventor of credit cards with fingerprint biometric technology built inside a credit card. As the original inventor, she has been awarded by the United States Patent Office, various patents protecting her inventions from anyone who would seek to copy her inventions.

SmartMetric has received an exclusive license from Chaya Hendrick to develop biometric fingerprint card products based on her patents.

What the SmartMetric licensed biometric patents mean for SmartMetric is that any company that seeks to produce or issue a biometric fingerprint credit card with amongst other card type products, will be stopped from doing so in the United States.

“The issued patents provide SmartMetric exclusivity particularly in the USA market, from product copy cats,” said SmartMetric’s President and CEO, Chaya Hendrick.

A couple of European based companies have set about to copy and infringe the SmartMetric patented biometric product. These companies will be unable to sell their copycat products in the USA market. Any bank or card issuer seeking to issue to its customers, biometric credit cards, will under USA patent law, have to buy such cards from SmartMetric.

The product exclusivity afforded to SmartMetric will be enforced by the company against any business that attempts to introduce a copycat biometric card product in the United States. Using the Federal Trade Commission, copycats will be stopped at the border according to SmartMetric’s President and CEO.

The SmartMetric 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 being estimated to reach $30 Billion in the United States.

Chargebacks 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.

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

The SmartMetric biometric credit and debit card developed by SmartMetric, 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/20221103005889/en/

Contacts

SmartMetric, Inc.
Chaya Hendrick
President & CEO
Tel: +1.702.990.3687 or +1.305.607.3910
ceo@smartmetric.com
www.smartmetric.com

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The SmartMetric Biometric Credit and Debit Card is Unique and Protected by …

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NEW YORK, September 21, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Goode Intelligence, a London based research company has listed the following companies as Biometric Smart card Vendors. Zwipe, CardLab, Card Tech, Feitian, Jinco, Linxens, Kona I, MeReal Biometrics, NXP and SmartMetric.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220921005869/en/

(Photo: Business Wire)

The SmartMetric biometric card is protected by issued patents that in its view would prohibit other biometric card companies from entering, in particular, the United States market.

It is our understanding that SmartMetric is the only Biometric Smart Card designed for credit and debit cards that uses a separate secure encrypted processor for storing a person’s fingerprint inside the credit or debit card. Because SmartMetric does not use the smartcard chip, or what is referred to in the credit card industry as the EMV chip, for storing a person’s fingerprint, the SmartMetric biometric card has a number of distinct advantages over the others.

The SmartMetric biometric card allows for simple and frictionless fingerprint enrollment. Because it is not using the EMV/Smartcard chip to store the fingerprint it does not need a separate reader to capture the person’s fingerprint for storage inside the Biometric card. In the case of credit and debit cards, other companies’ biometric cards need the person to go into a bank branch to have their fingerprint captured and stored into the card using a special fingerprint reader. This is highly inconvenient for the public and of course impracticable in credit card markets such as the United States where the vast majority of new credit cards issued to customers are sent out via the mail.

Since SmartMetric uses a separate processor and fingerprint storage inside the card for users’ fingerprints, credit card and debit card customers do not need to go into, say, a bank branch to have their fingerprint enrolled and stored inside the biometric card. The SmartMetric solution allows for a simple enrollment of the fingerprint on the card much the same and as easy as one would store fingerprint biometrics onto a mobile phone – no special reader needed. Just like the mobile phone with its built-in fingerprint scanner, the SmartMetric biometric card itself is used for capturing and storing a persons fingerprint. A simple process of touching the sensor a few times, a solid green LED light indicates successful fingerprint enrollment and the new card holder’s fingerprint is forever stored inside the SmartMetric biometric card.

“We know of no other biometric card developed for use by banks and large-scale credit card issuers that has created such an easy and intuitive at-home fingerprint enrollment on the card as that developed by SmartMetric,” said today SmartMetric’s President and CEO Chaya Hendrick.

“We are excited about our now moving forward with our card in association with card issuing banks here in the United States. The company, being a USA based company, is concentrating its first product release in the United States in association with a significant credit card issuer that is now in discussions with SmartMetric for release and issuing to the public of its unique advanced biometric credit and debit card,” said Chaya Hendrick.

SmartMetric has been supported by private investing shareholders during its long product development stage. Over recent times the company received funding from a source via what is commonly referred to as convertible notes. The company has no idea how many shares may or may not have been converted under these prior notes.

Recently in the company’s filings it has been disclosed that the company has had four professional investment funds provide a round of funding while at the same time the company registered, via an S1, additional shares.

An agreement is in place to provide for up to $5 million in draw down funding via S1 registration with the largest of these funds.

The company is very thankful for the funding support it has received from its shareholders over the years and is very thankful for the funds who have now provided cash to allow the company to move rapidly forward with the execution of its biometric card business into the market.

“SmartMetric has no plans to do a stock split. We trust that the company will be valued accurately on the market as it moves forward with the execution of its business,” said Chaya Hendrick.

SmartMetric is the only USA based Biometric Credit Card company and has current manufacturing capacity to supply United States card issuing Banks with more than a million cards a month.

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

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

Please Note: 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/20220921005869/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, Is Pleased to Announce …

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NEW YORK, September 20, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): The introduction of a unique and novel new card into the credit card world is a complex process requiring approvals for the product to be able to operate over a global payments network that interconnects with in store card readers and ATMs for credit and debit cards.

SmartMetric is dealing with one of the largest of the top three global payments networks on moving the SmartMetric through their approval process. This has understandably been a long process as our card with its built inside-the-card biometric fingerprint scanning function is beyond the normal cards that are approved by the network for card manufacturers.

“We are pleased to say that we are now in the final process where our card only now needs to be tested as to the card body itself and now does not require any further assessment on its biometric functionality,” said SmartMetric’s President and CEO, Chaya Hendrick.

“As a company, we could not be more pleased with the supportive dealings we have had with this major credit card network and are excited to be moving forward to the last stage for our card to obtain approval for its use on their network,” said Chaya Hendrick.

Now that SmartMetric has been cleared to submit its card in what is expected to be the final step in its network approvals process, the company is now able to complete its card production. Up until now there was a lot of back and forth on what EMV payments chip we could use on our card but thankfully that has now been resolved which gives us the ability to finish off our manufacturing in compliance with the credit card network.

SmartMetric has all of its components now at its electronics assembler and will within a couple of weeks be moving forward with presentation of our card for final testing. This testing is for testing of the card body itself which is separate from its biometric electronic function. The last and quick process that will at the end of the day allow SmartMetric to provide its finally approved card to card issuing banks around the world.

The SmartMetric biometric in-the-card security uses a card holder’s fingerprint biometrics to identify the card user and turn on the card as it is being inserted into a card reader or ATM. A sensor is on the top of the card and is simply touched by the user as they reach across to insert their card in a reader. In less than a second the card holders’ fingerprint is scanned and matched with their pre-stored in the card fingerprint which in turn activates the card for a transaction.

SmartMetric is the only USA based Biometric Credit Card company and has current manufacturing capacity to supply United States card issuing Banks with more than a million cards a month.

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

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

Please Note: 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/20220920006013/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 Biometric Credit Card Brings the Next Generation of High Securi…

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NEW YORK, September 14, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Taking security for credit and debit cards to the next level, SmartMetric has created a nano biometric fingerprint scanner that sits inside the credit card which is used to confirm that the person using the card is the legitimate card holder.

“We are very confident that our card will be adopted in the United States market as it is the only biometric credit card that can be used across all classes of card readers from retail outlets to ATMs,” said SmartMetric’s President and CEO, Chaya Hendrick.

The company is working closely with a major global credit and debit card brand and payments network in order for the SmartMetric next generation biometric card to be operative on their vast global retail and ATM payments network.

Because the SmartMetric biometric card works without the need to be inserted into a reader and because it has its own internal rechargeable miniature hybrid battery, the SmartMetric biometric card is the only biometric card that can work at the vast majority of ATMs.

“The user’s fingerprint is stored inside the card using a separate secure processor to what is used for the payments processing processor, adding another layer of security for the protection of the card user’s own biometrics while providing maximum function for the card,” said Chaya Hendrick.

SmartMetric contracted an independent market research company that conducted a survey of Visa credit card holders in the USA. This research showed that over 60% of existing credit card holders in the USA are willing to purchase a biometric credit card for an added sense of security.

The majority of survey respondents said they would be willing to pay $69.00 for a biometric secured credit card. Surveying whether or not they would be willing to pay a higher amount such as $90.00 or $150.00 a card was not done. However, with over 60% saying they would pay $69.00 for such a card, this if converted into consumer buying and adoption of the SmartMetric biometric card would see a possible take up in the USA alone exceeding 100 million cards.

“Given the responses to the consumer survey which also documented the high level of concern consumers have surrounding payments security, we believe that the first card issuing bank to adopt the SmartMetric biometric card will be able to attract significant market share away from traditional credit cards and their issuers,” said Chaya Hendrick.

It is estimated that there are over 200 million credit and debit cards issued in the United States.

The SmartMetric biometric in-the-card security uses a card holder’s fingerprint biometrics to identify the card user and turn on the card as it is being inserted into a card reader or ATM. A sensor is on the top of the card and is simply touched by the user as they reach across to insert their card in a reader. In less than a second the card holder’s fingerprint is scanned and matched with their pre-stored in the card fingerprint which in turn activates the card for a transaction.

SmartMetric is the only USA based Biometric Credit Card company and has current manufacturing capacity to supply United States card issuing Banks with more than a million cards a month.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo3 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

SOURCES:

1 Credit Card Fraud 2021 Annual Report: Prevalence, Awareness, and Prevention | Security.org
2 2020-survey-of-consumer-payment-choice.pdf (atlantafed.org)
3 10 Billion and Counting: What the Latest EMV® Chip Data Means for Global Payments – EMVCo

Please Note: EMV is a registered trademark of EMVCo. Visa is a registered trademark of Visa Inc. The mention of both EMV and Visa does not imply a commercial relationship with SmartMetric, Inc. but is used in the information context of this release only.

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/20220914005907/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 Says 69% of Financial Fraud Victims Become Fearful Regarding Th…

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NEW YORK, September 06, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) – When it comes to damage to a card issuing bank caused by financial fraud such as credit card theft, the damage goes far beyond the immediate financial loss for both the bank and the bank’s card customers.

When asked how being a fraud victim made them feel, consumers respondents (69%) said they felt fear regarding their personal financial security. An even larger number felt frustration and annoyance (81%), while those who felt rage or anger was (58%).

These figures show that the emotions surrounding financial fraud are serious and significant in the minds of the bank’s customers when they become credit card fraud victims. The damage to the bank’s brand and customer relationship stemming from a card fraud instance, based on these research figures, is extremely serious.

“The economic cost as a consequence for a card issuing bank when it comes to fraud can be longer lasting and more costly than the immediate losses from the fraud instance,” said SmartMetric’s President & CEO, Chaya Hendrick.

EFFECT ON CONSUMERS

RESPONSE

Frustration or annoyance

81%

Fear regarding my personal financial security

69%

Rage or anger

58%

Sense of powerlessness or helplessness

54%

Loss of ability to trust

51%

Feelings of betrayal

44%

Shame or embarrassment

28%

Source: Identity Theft Resource Center
https://www.creditcards.com/credit-card-news/credit-card-security-id-theft-fraud-statistics-1276.php

SmartMetric has created a biometric protected credit card that provides a safer card payment experience for card issuers’ customers. The SmartMetric credit card has an inbuilt fingerprint scanner that reads the card user’s fingerprint and activates the card’s EMV chip as it is being inserted into a retail card reader or ATM. Only the legitimate card holder can use the card.

According to consumer research commissioned by SmartMetric, 80% of card users are concerned about card fraud and identity theft. The same research of credit card holders showed that 68% of credit card holders would pay for a biometric credit card.

SmartMetric is offering its card to credit card issuing banks, who will in turn offer the new biometric card to their customers who are looking for greater protection.

According to figures released by the credit card standards body EMVco, more than 10 billion EMV Chip cards have been now issued by financial institutions around the world. The SmartMetric biometric technology works with existing these EMV chips and existing chip card readers and ATMs.

ABOUT THE SMARTMETRIC BIOMETRIC CARD: Keeping your biometric identity safe is at the center of the design of the SmartMetric biometric card. At no time does a card holder’s fingerprint leave the card. A person’s fingerprint is stored inside the card and matching of the person’s fingerprint is done on the card itself. This was a central design requirement of the SmartMetric biometric card solution that necessitated SmartMetric to create a self-powered inside the card, fully functional fingerprint scanner. Also, so that the card could be used at ATMs and POS (Point Of Sale) card readers the SmartMetric development team created an on card miniature power management system that recharges the card as it is being used in card readers.

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/20220906005996/en/

Contacts

SmartMetric, Inc.
Head Office
702.990.3687 or 305.607.3910
ceo@smartmetric.com

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SmartMetric Says Its Biometric User Fingerprint Credit Card Stands to Save …

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NEW YORK, September 02, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) biometric fingerprinted activated credit card is the world’s only biometric card that includes a state of the art miniature hybrid solid state rechargeable battery along with a sophisticated hardware solution that distinguishes between a live human 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.

Discussions are being held with a major credit card issuer in the United States for distribution to the public of the leading next generation biometric credit card created by SmartMetric.

The SmartMetric 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 being estimated to reach $30 Billion in the United States.

Chargebacks 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.

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

The SmartMetric biometric credit and debit card developed by SmartMetric, 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.

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/20220902005267/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

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SmartMetric Update on Its Global Payments Network Compliant Biometric Credi…

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NEW YORK, August 24, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) is pleased to announce that it has been able to address a compliance change required by the global payments network the company is working with for the worldwide release of its biometric credit card.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220824005658/en/

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There are four large global payments networks with two of these four accounting for the vast majority of global credit card transactions. The payments networks are the interconnect medium that connects credit card readers in stores and gas pumps as well as ATMs. For clarification these payments networks do not issue cards themselves but do have their respective brand names on the credit cards that are issued by banks and card issuing institutions.

All credit cards that operate over the payments networks need to be approved of by the payments network before a bank is able to issue the credit card to its customers.

The two largest credit card payments networks are Visa and MasterCard. Card issuers and card manufacturers must gain permission from the card payments networks prior to a card being manufactured and then issued to the public for the card to operate over either of these companies’ payments networks.

SmartMetric has been working with one of the largest global payments networks in order to have its biometric card meet the network’s licensing and functional requirements so that its biometric card can then be used by card issuing banks around the world.

One of the most recent issues that SmartMetric faced was the need to change its EMV chip used in its card. The licensing and approving network required that SmartMetric adopt a different EMV credit card chip for its product approval. The EMV chip is the credit card chip is the square chip found on the top surface of what is called chip credit cards. As an aside, there are more than 10 billion1 chip cards issued globally.

The required change of our EMV chip created a supply chain issue since the acquisition of a replacement was being quoted for delivery into mid to late 2023. Luckily for SmartMetric, our supplier is now quoting approximately 10 weeks for supply of this critical component for our biometric credit card. Just like other areas of the electronics parts world, credit card payments chips are in huge demand and have long lead times for supply.

While no one is pleased to suffer supply chain delays we are extremely pleased with our supportive chip supplier and are excited with us moving ever closer to the release of our payments network-conforming new biometric credit card, said today SmartMetric’s President and CEO, Chaya Hendrick.

Bringing a brand-new type of credit card into existence that meets the approval and licensing requirements of the credit card industry is no small feat. However, we are excited with the incredible prospects for the company as we move forward with our amazing next generation credit card with built in biometric fingerprint security, said Chaya Hendrick.

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

SOURCES:

1 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/20220824005658/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 Reports That 127 Million Americans Have Had a Fraudulant Charge…

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NEW YORK, August 10, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Nearly half of all American adults have had a fraudulent charge on their credit or debit cards, amounting to around 127 million people. More than one in three credit or debit card holders has experienced card fraud more than once.1

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220810005762/en/

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This high rate of card fraud victims is even more alarming when it is noted that consumers now use cards as their major form of payment in the USA. According to a report by the Atlanta Fed 2, card payments were more popular than paper or electronic payments in 2020. In a typical month, consumers made an average of 43 payments using debit, credit, or prepaid cards (or 63 percent of total payments); 17 payments using cash, paper checks, and other paper instruments (26 percent); and eight payments using electronic and other means of payment (11 percent).

SmartMetric contracted independent market research shows that over 60% of existing credit card holders in the USA are willing to purchase a biometric credit card for an added sense of security.

It is estimated that there are over 200 million credits and debit cards issued in the United States.

The SmartMetric biometric in-the-card security uses a card holder’s fingerprint biometrics to identify the card user and turn on the card as it is being inserted into a card reader or ATM. A sensor is on the top of the card and is simply touched by the user as they reach across to insert their card in a reader. In less than a second the card holder’s fingerprint is scanned and matched with their pre-stored in-the-card fingerprint, which in turn activates the card for a transaction.

“We are excited for the planned rollout of our card once it has passed through the approval and testing procedures of a major global payments network,” said SmartMetric’s President and CEO, Chaya Hendrick.

SmartMetric is the only USA-based Biometric Credit Card company and has current manufacturing capacity to supply United States card issuing Banks with more than a million cards a month.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo3 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

SOURCES:
1 Credit Card Fraud 2021 Annual Report: Prevalence, Awareness, and Prevention | Security.org
2 2020-survey-of-consumer-payment-choice.pdf (atlantafed.org)
3 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/20220810005762/en/

Contacts

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

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