NEW YORK, April 26, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – SmartMetric, the maker of the biometric protected credit card announces that it has successfully created its single touch sensor technology that automatically turns on the biometric credit/debit card the moment the card user touches the fingerprint sensor on the surface of the card.
“Our previous biometric card model had a separate on switch which meant the card user would have to touch the on switch and then touch the sensor. Having the on switch integrated into the fingerprint scanning sensor now allows for a much simpler and more intuitive experience for the card user,” said today, Chaya Hendrick, President & CEO of SmartMetric.
SmartMetric, along with its North American distributor PROTEC, is in active biometric card implementation negotiations with some the largest credit card financial institutions in the United States. “Credit Card issuers are recognizing the advantages of offering a biometric protected credit card to meet the security concerns of their customers. Moreover it is being recognized that a biometric credit card is in fact a new credit card category that will be a great new product to attract new customers in the fiercely competitive credit card world amongst card issuers,” said Chaya Hendrick.
A big advantage for card issuers is that once a customer has a biometric card in their wallet it would without doubt become the most used card out of all the other cards they may have. On average, credit card users in the United States have 4 cards in their wallets. Of course the most favored card that is used the most earns the most money for the card issuing Bank.
Defending against fraud, attracting new customers, and increasing card transaction revenue from being the most favored card in the wallet are all compelling advantages to card issuers.
SmartMetric has spent over a decade to make its electronics thin enough to fit inside a standard credit/debit card. It is powered by an internal rechargeable battery that allows the card to do an instant, sub second biometric fingerprint scan prior to the card being inserted into an ATM or retail card reader.
“Having our card work in existing card readers was a critical criteria we set out to achieve in our product development and having achieved this objective we now find a tremendous amount of interest in our biometric thin card technology for many new card based security applications,” said today SmartMetric’s President and CEO, Chaya Hendrick
The SmartMetric biometric card stores the card holders fingerprint inside the card. At no time does the persons fingerprint leave the card. This is obviously much more secure than a card system that sends a person’s fingerprint across a network for a comparison with a stored fingerprint on a central remote computer somewhere in the cloud.
The SmartMetric Biometric card is a powerful new technology in the multibillion dollar fight against ID theft and credit card fraud.
SmartMetric is a United States company with its head office in Las Vegas, Nevada. It has a team of advanced engineers in Tel Aviv, Israel and has mass manufacturing capacity in various parts of the world. The company can now manufacture 1 million cards a month and has the capacity to increase this significantly based on product demand.
The SmartMetric biometric card is protected by five (5) recently “issued” patents. Additional patents are pending. SmartMetric is prepared and willing to defend its patents vigorously against all infringers. To this end SmartMetric has engaged legal representation highly experienced in patent litigation and enforcement.
“SmartMetric has the best product of its kind but like any great new product, copy cats appear who attempt to replicate or reverse engineer what has taken us years of research and development to make. We will continue to offer what is without question the most compelling and leading biometric card product but will also defend our leading position by litigation against patent infringers,” said SmartMetric’s President & CEO, Chaya Hendrick.
To view a video of the SmartMetric card follow this link SmartMetric Biometric Card Video
To contact the representative for the SmartMetric biometric credit/security card within the USA please contact PROTEC Secure Card, Tracey Breckenridge at traceyb@protecsecurecard.com. To view their website, www.protecsecurecard.com
For more information concerning the new biometric secured credit and security card for South America please contact HOGIER GARTNER CIA S.A., Alvaro Gartner Valencia at alvaro.gartner@hogier.com. To view their website, www.hogier.com
Note: * http://losspreventionmedia.com/insider/retail-fraud/credit-card-fraud-news-2018-update/
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.
Contact Information
USA REPRESENTATIVE
PROTEC Secure Card, LLC
80 Corbett Way
Eatontown, NJ 07724, USA
+1-732-542-0700
Sales: Tracey Breckenridge
www.protecsecurecard.com
SOUTH AMERICA REPRESENTATIVE
HOGIER GARTNER & CIA. S.A.
Alvaro Gartner Valencia
Gerente Comercial & Financiero
Carrera 65, No. 80-16
Bogota D.C. 11121, Colombia
Tel: +57. (1) 4378484
alvaro.gartner@hogier.com
www.hogier.com
SmartMetric, Inc.
3960 Howard Hughes Parkway
Las Vegas, NV 89169
+1.702.990.3687
chaya@smartmetric.com
www.smartmetric.com