In An Uncertain World The SmartMetric Biometric Credit And Debit Card Brings Heightened Security For Financial Transactions

Rhea-AI Summary

SmartMetric, Inc. (OTCQB: SMME) has introduced a biometric fingerprint-activated credit and debit card that enhances security for card users and financial institutions. This card integrates a nano fingerprint scanner that validates the user before a transaction, a significant upgrade from current PIN systems. With over 11 billion chip-based cards in circulation globally, SmartMetric aims to tap into this multibillion-dollar market. The company's technology is developed in-house, and it holds numerous patents for its biometric card solutions.

Positive

• Introduced a biometric fingerprint-activated card, enhancing security.
• Targets a multibillion-dollar chip-based card market with over 11 billion cards issued globally.
• Developed in-house technology with patents issued and pending.

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• None.

NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTCQB: SMME): the biometric fingerprint activated credit and debit card created by SmartMetric brings a heightened and superior level of security to financial card users and card issuing financial institutions alike.

Embedding a powerful nano fingerprint scanner inside a standard credit and debit card which is used to validate the card user before it can be used in a reader or ATM, takes security for multi trillion dollar card industry to the next level and beyond the weak four digit pin number used today.

The card holder simply touches a discrete sensor on the cards surface and in less than a second their fingerprint is scanned and matched with their pre-stored fingerprint in the card. Enhancing the security of the card users biometrics, at no point does the users fingerprint leave the secure memory inside the card.

“We have built an amazingly secure biometric protected financial transaction credit and debit card that brings the power of biometrics for the enhanced protection of the card user and their card issuing financial institution said SmartMetric’s President and CEO, Chaya Hendrick.”

The SmartMetric biometric in card nano electronics technology has been developed in-house by SmartMetric with its team of high level electronics engineers. SmartMetric is the only United States based company manufacturing advanced biometric cards.

There are now over 11 billion chip based cards issued worldwide for which the SmartMetric biometric inside the chip card is able to bring the next level of biometric security.

SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo ¹ reveal that by year end of 2020, 10.8 billion EMV^® chip cards have been issued by financial institutions and were in global circulation – a massive increase of nearly 1 billion credit and debit EMV^® cards compared to the previous twelve months.

SmartMetric is a USA based company with sales and marketing partnerships in Latin America, Europe and United States. Engineering of the biometric card electronics is done in-house and is the owned intellectual property of the company.

SmartMetric has issued patents and patents pending surrounding its biometric card technology.

To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com

¹ Data Source: 10 Billion and Counting: What the Latest EMV^® Chip Data Means for Global Payments - EMVCo

EMV is a registered trademark of EMVCo

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. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220224005822/en/

SmartMetric, Inc.

Chaya Hendrick

Tel: (702) 990-3687 or (305) 607-3910

ceo@smartmetric.com

www.smartmetric.com

Source: SmartMetric, Inc.

FAQ

What is SmartMetric's new product related to SMME?

SmartMetric has launched a biometric fingerprint-activated credit and debit card that enhances security for users.

How does the SmartMetric biometric card work?

The SmartMetric card uses a nano fingerprint scanner to validate the cardholder's fingerprint before transactions.

What market is SmartMetric targeting with its biometric card?

SmartMetric aims to penetrate the multibillion-dollar market of chip-based credit and debit cards, of which over 11 billion are currently issued.

What distinguishes SmartMetric in the biometric card industry?

SmartMetric is the only U.S. based company manufacturing advanced biometric cards, with proprietary in-house developed technology.

How many patents does SmartMetric hold for its biometric technology?

SmartMetric holds issued patents and has additional patents pending for its biometric card technology.