SmartMetric Says Recent EMV Chip Card Global Deployment Figures Show a Growth of Over 1 Billion in New Cards in 12 Months -- Growth in EMV Cards 2013 to 2014, From 2.37 Billion to 3.4 Billion Cards Now in Use

NEW YORK, NY--(Marketwired - Jul 13, 2015) - SmartMetric, Inc. (OTCQB: SMME) says the adoption and growth in EMV chip cards globally is astonishing. According to figures released by the industry body EMVco, there are as of end of quarter 2014, now more than 3.4 billion EMV chip credit and debit cards in circulation. This is a massive 12 month increase over the previous year (2.37 billion) representing a growth rate of 43%.

The 3.4 billion EMV chip credit and debit cards does not take into account the rapid increase to this figure from the new EMV chip cards now being issued in the United States. It is thought that an additional 1 billion additional EMV chip debit and credit cards will come from new issued cards in the United States over the next 18 months as the United States switches over to this chip card technology. Further rapid growth is also expected from Latin America and Asia.

SmartMetric has developed a fingerprint reader that sits inside EMV chip credit and debit cards that is used to activate the cards EMV chip that in turn then is used to make a payments transaction. Our technology is bringing the power of biometrics to the EMV chip based card technology so as to make an even safer and more secure credit and debit card for banks and users alike, said today SmartMetric's President and CEO, Chaya Hendrick.

SmartMetric provides enhanced security to credit and debit cards by adding biometrics as an additional powerful security feature on payments cards. A person's fingerprint is used to validate the card user's card and to turn on the card before the card is inserted into an ATM or store card reader.

To view a video of the SmartMetric biometric chip card follow this link:
SmartMetric Biometric Payments Card https://youtu.be/zSX59uHoHqU

To view the company website: www.smartmetric.com

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