SMARTMETRIC INC - SMME STOCK NEWS

SmartMetric, Inc. (OTC-PINK: SMME) has launched a biometric activated credit/debit card that enhances security by using the cardholder's fingerprint. This card works with both contact and contactless payment systems, requiring a fingerprint scan for activation. The biometric scan is completed in under a quarter of a second, allowing for quick transactions. The card also harvests power wirelessly from card readers, facilitating recharging. SmartMetric aims to address the multibillion-dollar chip card market, emphasizing that their solution is advanced and practical for consumers and banks alike.

SmartMetric, Inc. (OTCQB: SMME) has enhanced its biometric credit card featuring a compact rechargeable battery and advanced hardware for authenticating live fingerprints. The upgraded card is set for submission to a major credit card network for approval. With online fraud losses estimated at $30 billion in the U.S., the new biometric card aims to counteract fraud, particularly 'friendly fraud,' which constitutes 86% of transaction reversals. This innovation seeks to improve transaction approvals and reduce cart abandonment rates caused by false rejections, ultimately benefiting merchants and enhancing security.

SmartMetric, Inc. (OTCQB: SMME) has unveiled a biometric credit card that offers **100% user validation** at the point of sale. Users simply touch a fingerprint sensor to activate the card, which then scans and matches their fingerprint for secure transactions. This card features an internal green battery, allowing it to function across various card reader types. The biometric solution aims to combat card fraud effectively, as it prevents unauthorized activation. With a growing market, the introduction of SmartMetric’s biometric card addresses the **multibillion-dollar chip-based credit card market**.

SmartMetric, Inc. (OTC-PINK: SMME) introduces a cutting-edge biometric credit card that utilizes advanced microelectronics and software. This card enables users to enroll their fingerprints securely without needing a separate scanner, facilitating mass adoption. The biometric card employs a dedicated encrypted processor separate from payment processing, ensuring faster and more secure fingerprint registration. Designed with the U.S. market in mind, it addresses usability for major card-issuing banks. SmartMetric aims to expand in the multibillion-dollar chip-based credit and debit card market, evidenced by a significant increase in EMV card circulation.

SmartMetric, Inc. (OTCQB: SMME), a US-based biometric card manufacturer, reports strong consumer interest in its fingerprint-secured credit cards. Research shows nearly 70% of current chip card users would pay over $60 for enhanced biometric security, suggesting a potential revenue of over $33 billion for the US market. A 10% adoption rate could yield revenues exceeding $9 billion, while even a 1% adoption could result in $960 million. The company has invested over $30 million in developing its technology and is negotiating with major payment networks.

SmartMetric, Inc. (OTC-PINK: SMME) highlights the enduring dominance of credit cards, reporting a remarkable $8.461 trillion purchase volume in the U.S. for 2021, up 25.1% from 2020. The company emphasizes its innovative fingerprint biometric card technology, which alone features a rechargeable battery and enhances security by ensuring that users' fingerprints are securely stored. SmartMetric is the only U.S.-based manufacturer of these advanced biometric cards, backed by licensed patents and trade secrets. The company continues to position itself uniquely in the competitive payment technology landscape.

SmartMetric, Inc. (OTCQB: SMME) has developed a revolutionary biometric card that employs advanced cryptographic technology. This card features a dual-processor system, enhancing security by storing a user's fingerprint separately from payment processing. This innovation allows for at-home fingerprint enrollment, addressing a gap in the US market where over 80% of credit cards are issued by mail. With a robust patent portfolio, SmartMetric aims to tap into the multibillion-dollar chip-based card market, which exceeded 10.8 billion issued cards globally by 2020.

SmartMetric has developed a unique biometric credit card featuring a rechargeable battery, which is environmentally safe and can be safely cut without leakage. This card is the first of its kind to offer fingerprint security usable in all transaction scenarios, including ATMs and restaurants. Its technology allows compatibility with existing credit card readers, enhancing the security of over 11 billion chip-based cards worldwide. SmartMetric holds issued patents and has pending patents for its biometric technology, reinforcing its position in the market.

SmartMetric, Inc. (OTCQB: SMME) has developed a biometric fingerprint scanner that integrates into credit and debit cards, enhancing security features at a crucial time when consumer concerns rise about card safety. The dual interface card operates with standard card readers and wirelessly via RFID, allowing for rapid fingerprint verification and energy harvesting. SmartMetric aims to address the growing multibillion-dollar market for EMV chip cards, with 10.8 billion such cards issued globally by 2020. The company holds multiple patents concerning this innovative technology.