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
NEW YORK, NY — (Marketwired) — 02/26/15 — SmartMetric, Inc. (OTCQB: SMME) — While much has been written about of recent about the use of mobile phones as a payment device a little understood revolution is taking place with that little piece of plastic inside your wallet. Spearheaded by technology innovation, SmartMetric has turned the humble plastic card into a mobile device in its own right.Working off standard smartcard technology SmartMetric has been able to embed inside the card the kin
NEW YORK, NY — (Marketwired) — 02/23/15 — SmartMetric, Inc. (OTCQB: SMME) – SmartMetric has developed a biometric fingerprint scanner that fits inside a credit or debit card that is used for the ultimate protection against identity and payments card theft. According to the company they have achieved creating a fully functional fingerprint reader that sits inside the user–s credit card and is powered by a rechargeable battery.The SmartMetric Biometric payments card works with the new chip ca
NEW YORK, NY — (Marketwired) — 02/20/15 — SmartMetric, Inc. (OTCQB: SMME) Figures released by standards body EMVCo demonstrate continued adoption of "EMV" chip technology with 2.37 billion EMV payment cards in circulation and 36.9 million EMV terminals active worldwide. Credit and Debit cards with chips used to add greater security now dominate the payments card industry. SmartMetric adds stronger security to these cards by adding a biometric fingerprint reader inside the card, mak
NEW YORK, NY — (Marketwired) — 02/17/15 — SmartMetric, Inc. (OTCQB: SMME) — Based on research figures released by Javelin Research and the U.S. Department of Justice 78.750 Billion dollars 1 in 4 victims of data theft become victims of Identity Theft. The report also states that for these victims of Identity Theft, the average financial loss per identity theft incident is $4,930.Taking the data theft incident at Anthem Insurance of more than 70 million individual records a few weeks ago, th
NEW YORK, NY — (Marketwired) — 02/10/15 — SmartMetric, Inc. (OTCQB: SMME) A study conducted by Javelin Strategy & Research found consumers who had their Social Security number compromised in a data breach were 5 times more likely to be a fraud victim than an average consumer. Another report states that identity theft victims suffer on average $4,930 loss per victim. So the economic consequences of the most recent data breach could run into the hundreds of millions for the innocent affect
