SMARTMETRIC INC - SMME STOCK NEWS

SmartMetric, Inc. (OTC: SMME) is set to revolutionize credit and debit cards with its biometric technology, leveraging the fact that over 11 billion cards are in circulation globally. Independent research indicates that 70% of credit card holders are willing to switch to a biometric card, with potential pricing between $70 and $99. SmartMetric plans to sell these cards to banks for $50, enhancing customer acquisition and reducing fraud losses. The new card features an advanced fingerprint recognition algorithm, hybrid energy storage, and anti-fraud security. Patented technology will protect against counterfeiting as the product launches this April 2023.

SmartMetric, Inc. (OTC: SMME) has released new research indicating that 80% of U.S. cardholders are concerned about credit card and identity theft, while 67% are open to paying for biometric cards. Supporting data shows that over 65% of consumers are familiar with biometrics and 86% express interest in using it for identity verification. The SmartMetric biometric card enhances security by utilizing a built-in fingerprint scanner, eliminating the need for PINs and signatures. The card is designed for a seamless user experience, ensuring rapid authentication in under a second. The solution targets the multibillion-dollar chip card market, with a new version expected by mid-April 2023.

SmartMetric, Inc. has highlighted the emotional impact of financial fraud, revealing that 69% of victims feel fearful about their financial security. A majority (81%) express frustration and annoyance, while 58% report feelings of anger. The company is focused on combating this issue with its biometric credit card, which features an inbuilt fingerprint scanner, ensuring only legitimate users can access their accounts. Research shows that 80% of card users are concerned about fraud, and 68% would consider paying for a biometric card. SmartMetric's new card is set for production completion in mid-April 2023, aiming to enhance security for cardholders.

SmartMetric, Inc. (OTCQB: SMME) is addressing recent delays in launching its innovative biometric payments card due to supply chain challenges. The company reports it is on track to commence production soon from its East Asia facility. The recent change in government policy easing factory shutdowns is expected to boost manufacturing stability. SmartMetric is also expanding card manufacturing capabilities to the United States to mitigate future risks. The biometric card aims to penetrate the substantial chip-based credit card market, which saw 10.8 billion chip cards issued globally by the end of 2020.

SmartMetric (OTC: SMME) has developed a biometric credit card compatible with all card readers, overcoming limitations faced by competitors. Their card features an internal power management system and rechargeable battery, allowing fingerprint scans without being held in the card reader. Unlike other cards, which require users to enroll their fingerprints at bank branches, SmartMetric enables home enrollment. Following supply chain challenges, the company is now manufacturing 1 million cards monthly, targeting the growing demand in the multibillion-dollar chip card market.

SmartMetric, Inc. (OTCPK: SMME) is addressing the rising identity fraud crisis in the USA, which resulted in $24 billion in losses in 2021. The company has developed an innovative biometric credit and debit card featuring a built-in fingerprint scanner, enhancing security beyond traditional PINs. This card can be used in various transaction environments, including ATMs, thanks to its advanced battery and power management system. SmartMetric aims to dominate the biometric card market, emphasizing the card's unparalleled capabilities and potential for substantial market impact.

SmartMetric, Inc. (OTC-PINK: SMME) announces nearing completion of its biometric credit card with an advanced nano fingerprint reader, despite previous supply chain delays. The card features a rechargeable battery, robust live fingerprint detection hardware, and a refined circuit board that fits ISO card thickness. It includes an operating system for fingerprint scanning and self-enrollment capabilities. The company anticipates manufacturing completion within 4 to 8 weeks and aims to address the multibillion-dollar chip card market, expected to grow significantly.

SmartMetric, Inc. (OTC-PINK: SMME) announces its patented biometric credit card technology, which includes fingerprint recognition, providing exclusive rights that prevent competitors from producing similar products in the U.S. market. This exclusivity is crucial as online fraud is escalating, with estimated chargeback losses reaching $30 billion in the U.S. The biometric technology enhances security for cardholders and financial institutions by ensuring only authorized users can access the card.

SmartMetric, Inc. (OTCQB: SMME) has been recognized by Goode Intelligence as a key player among biometric smart card vendors, alongside names like Zwipe and NXP. The company's innovative biometric card uniquely employs a separate encrypted processor to store fingerprints, enhancing user convenience by allowing at-home enrollment without specialized hardware. SmartMetric is focused on launching its product in the U.S. market, in collaboration with major credit card issuers. The firm has secured funding to expedite its market entry and plans to manufacture over a million cards monthly.