NEW YORK, NY — (Marketwired) — 04/08/15 — SmartMetric, Inc. (OTCQB: SMME) SmartMetric, after over a decade of research and development, has succeeded in embedding inside a standard credit and debit card a fully functional biometric fingerprint scanner.
This amazing advance in electronic miniaturisation allows SmartMetric to bring the power of biometric security to credit and debit cards as a powerful defense in the ongoing war against payment card fraud.
Using a miniaturised Cortex processor that was made smaller by the R&D team at SmartMetric, along with a uniquely designed power management system that is used to recharge the cards internal battery, SmartMetric has achieved an unbelievable breakthrough in electronics miniaturisation.
Having a fully functional fingerprint reader inside a credit or debit card allows biometric identification to be used to authenticate the card user prior to the card being able to function. “This is an amazing leap forward in identity and card fraud protection,” said SmartMetric–s President & CEO Chaya Hendrick.
“SmartMetric, having won a recent multi-million legal fee case that was part of its Patent Infringement law suit it had brought against Visa Inc. and MasterCard International, is now free to move forward on all fronts,” said SmartMetric–s President & CEO.
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Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.
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