NEW YORK, NY — (Marketwired) — 03/26/15 — SmartMetric, Inc. (OTCQB: SMME) SmartMetric is pleased to advise that it has won a legal fee dispute with Visa Inc. and MasterCard International. The two respective payments card companies had sought what would have approximated to $3 million in fees and costs against SmartMetric arising from the SmartMetric patent infringement claim against Visa Inc. and MasterCard International."This is great news for SmartMetric, freeing us now to move forwar
NEW YORK, NY — (Marketwired) — 03/23/15 — SmartMetric, Inc. (OTCQB: SMME) — SmartMetric has successfully embedded a fingerprint sensor as thin as a pencil line into a credit card creating a credit card that is turned on by the authorised card holder using his or her biometrics.This is a powerful tool in fighting card and identity fraud since the SmartMetric in card biometric card technology is being used to tie the payment card to the user of the card, said today SmartMetric President &
NEW YORK, NY — (Marketwired) — 03/19/15 — SmartMetric, Inc. (OTCQB: SMME) After more than a decade of R&D, SmartMetric has developed a safer credit card using the SmartMetric miniature fingerprint reader that is embedded inside the card to verify the card user and to activate the card.The biggest challenge faced in creating a miniature fingerprint reader according to SmartMetric–s President & CEO, Chaya Hendrick was the size of the electronic components needed to power the fingerpri
NEW YORK, NY — (Marketwired) — 03/17/15 — SmartMetric, Inc. (OTCQB: SMME) The cost of fraud for United States retailers jumped over 39% in twelve months from 2013 to 2014. Approximately $32 billion in 2014 was lost due to fraud, an increase from $23 billion just one year earlier.*The single largest cause of the massive retail fraud losses is because of the overwhelming and continued weak security of credit and debit cards.To solve this problem, SmartMetric has developed a ground breaking bio
NEW YORK, NY — (Marketwired) — 03/16/15 — SmartMetric, Inc. (OTCQB: SMME) SmartMetric–s fingerprint activated biometric payments card with a powerful inbuilt Cortex processor and sophisticated software allows the credit or debit card to become an intelligent funds processor allowing card to card funds distribution.The advantage of the SmartMetric Biometric activated card is that both sender and receiver cards are activated and verified by each users individual fingerprint allowing a highly
NEW YORK, NY — (Marketwired) — 03/13/15 — SmartMetric, Inc. (OTCQB: SMME) has created a fingerprint activated biometric credit and debit card to fight card and identity fraud. With the staggering increase in online and offline financial fraud, the need for a better payments card technology is self-evident, according to SmartMetric–s President & CEO, Chaya Hendrick.The average merchant suffered 133 successful fraudulent transactions per month in 2014, up 46% from the previous year.As a p
NEW YORK, NY — (Marketwired) — 03/12/15 — SmartMetric, Inc. (OTCQB: SMME) The market for EMV Chip Cards has grown to over 2.37 billion issued credit and debit cards globally. These cards use a chip on the surface rather than relying on the 40 year old mag stripe technology to store a card users information. Problem is that the card can still be hacked or used by someone else.SmartMetric has spent over a decade in R&D to create a biometric fingerprint scanner inside the card in order to t
NEW YORK, NY — (Marketwired) — 03/09/15 — SmartMetric, Inc. (OTCQB: SMME), the developer of the in-card fingerprint scanner and recognition system for credit and debit cards, announced today that its card will have an effective five year life due to its advanced internal power management system.Having a rechargeable battery and a sophisticated power management system inside the card, while still retaining the ISO size and thickness of a standard credit card, allows the card to be effectively
NEW YORK, NY — (Marketwired) — 03/06/15 — SmartMetric, Inc. (OTCQB: SMME) — A recent study conducted by Javelin Strategy & Research found that fraudsters stole $16 billion from 12.7 million U.S. consumers in 2014. The report also found a new identity fraud victim every two seconds.Data breaches were large in 2014, and they already had a significant impact on identity fraud. The study found that two-thirds of identity fraud victims in 2014 had previously received a data breach notificati
NEW YORK, NY — (Marketwired) — 03/02/15 — SmartMetric (OTCQB: SMME) – Your Social Security Number is no longer a credible and secure verifier of your identity. This has serious implications for the security of individuals against identity theft and Financial Institutions who up until now rely on Social Security Numbers as the means to identify applicants for credit cards.Though meant to be secret, with the theft of SSNs there has been a dramatic increase in SSN theft with an estimated 100 mi
