SMARTMETRIC INC - SMME STOCK NEWS

SmartMetric, Inc. (OTCQB: SMME) introduces a revolutionary nano biometric fingerprint scanner embedded in credit cards, enhancing transaction security. The card, usable with all card readers, features an internal rechargeable battery and a secure processor for biometric data. A survey reveals over 60% of credit card holders in the U.S. are willing to purchase one for $69, suggesting a potential market of over 100 million cards. The company aims to partner with a major card issuer to capture market share in the growing biometric credit card sector.

SmartMetric, Inc. (OTCQB: SMME) highlights the emotional and financial toll of credit card fraud on consumers and issuing banks. A recent study reveals that 69% of victims feel fear for their financial security, while 81% experience frustration. SmartMetric has developed a biometric credit card featuring a fingerprint scanner that enhances security during transactions. Notably, 80% of card users express concern about fraud, and 68% would pay extra for such a secure card. This innovation aims to help banks reduce the long-term costs associated with fraud.

SmartMetric, Inc. (OTC-PINK: SMME) announced its biometric fingerprint activated credit card, the only one with a rechargeable battery and advanced fingerprint recognition technology. The card is set for submission for approval to a major credit card network and discussions are ongoing with a leading U.S. issuer for public distribution. This launch responds to rising fraud rates, with U.S. businesses potentially losing $30 billion due to chargebacks, primarily from fraudulent transactions. The biometric technology ensures only authorized users can activate and use the card, enhancing security for all parties involved.

SmartMetric, Inc. (OTC-PINK: SMME) has announced compliance changes to launch its biometric credit card globally in partnership with a major payments network. The company had to change its EMV chip due to licensing requirements, causing initial supply chain delays but now expects delivery in approximately 10 weeks. SmartMetric's biometric card aims to enter the significant chip-based credit and debit card market, which saw over 10.8 billion EMV cards issued globally by the end of 2020. The company remains optimistic about its innovative product's potential in the financial sector.

SmartMetric, Inc. (OTCQB: SMME) highlights the alarming prevalence of credit card fraud, affecting nearly 127 million American adults, with many experiencing multiple incidents. As card payments dominate consumer transactions, the need for enhanced security becomes critical. Market research indicates over 60% of credit card users in the U.S. are inclined to adopt biometric credit cards for added safety. SmartMetric's innovative card utilizes fingerprint biometrics for secure transactions, with manufacturing capacity exceeding one million cards monthly in the U.S. The company awaits approval from major global payment networks for rollout.

SmartMetric, Inc. (OTCQB: SMME) announces that Mastercard will eliminate the requirement for magnetic stripes on new credit and debit cards starting in 2024. This change reflects the decline in magnetic stripe usage due to the rise of chip-based payments. SmartMetric highlights its biometric card technology, which enhances security by combining fingerprint recognition with a secure chip, eliminating the need for magnetic stripes and PINs. As of 2020, 10.8 billion chip cards were issued globally, presenting a significant market opportunity for SmartMetric's innovations.

SmartMetric, Inc. (OTC-PINK: SMME) highlighted a report by Goode Intelligence, predicting annual biometric payment transactions will reach $5.765 trillion by 2026. The COVID-19 pandemic has intensified demand for contactless payment solutions, although the company faced delays due to component shortages. SmartMetric's manufacturing capacity is now over 1 million biometric cards per month. Their biometric cards aim to enhance security in contactless transactions by using fingerprint biometrics, addressing significant theft risks associated with traditional cards.

SmartMetric, Inc. (OTCQB: SMME) has enhanced its biometric card technology by integrating energy harvesting capabilities. This innovation enables the card to convert energy from contactless card readers into power for its biometric fingerprint scanner. While the technology promises convenience, it has limitations, such as varying power availability from different readers and functionality in limited retail environments. The card incorporates three power sources, ensuring operation across contact and contactless platforms. This advancement positions SmartMetric within the expanding market for chip-based credit and debit cards.

SmartMetric, Inc. (OTC-PINK: SMME) announces the development of an advanced biometric card solution for the credit card industry, honed over nearly two decades. This innovative card features its proprietary internal rechargeable energy technology, enabling it to function across all credit card readers. The biometric card scans the user's fingerprint before insertion, enhancing security beyond traditional PINs. Despite pandemic-related supply chain delays, SmartMetric aims to launch the latest iteration soon, addressing the growing chip-based card market, which saw 10.8 billion EMV cards in circulation by 2020.