SMARTMETRIC INC - SMME STOCK NEWS

SmartMetric, Inc. has secured design patents from the United States Patent Office, ensuring protection against competitors aiming to replicate its biometric credit card technology. After nearly two decades of R&D, SmartMetric is positioned as a leader in biometric solutions, addressing the growing market of over 11 billion chip-based cards globally. The biometric card aims to enhance security through fingerprint activation. With patents granted and pending, SmartMetric’s technology caters to the existing multibillion-dollar chip card market, highlighting its innovative approach.

SmartMetric, Inc. (OTC-PINK: SMME) has introduced a revolutionary biometric fingerprint-activated credit card that operates with all types of credit card readers, including ATMs. Unlike competing products that lack an internal power source, SmartMetric's card features a self-powered system, allowing it to function in various transaction scenarios without user intervention. The company emphasizes that its card addresses the growing demand in the multibillion-dollar chip-based card market, with over 10.8 billion EMV chip cards in circulation by 2020. SmartMetric holds multiple patents for its innovative technology.

SmartMetric, Inc. (OTC-PINK: SMME) has launched a biometric fingerprint-activated dual interface credit/debit card, compatible with both contact and contactless card readers. This advanced card utilizes RFID technology to wirelessly harvest energy, enabling rapid biometric matching and recharging. SmartMetric's innovation aims to improve transaction security, surpassing traditional PIN-methods. The company addresses a substantial market, with over 10.8 billion EMV chip cards issued globally by 2020. SmartMetric holds patents for its technology and has partnerships across North America and Europe.

SmartMetric (OTC-PINK: SMME) is developing a groundbreaking credit card featuring real-time biometric fingerprint recognition to enhance security against credit card fraud. The card's chip only activates with the user's pre-stored fingerprint, surpassing traditional PIN security. SmartMetric's technology includes an internal power source, allowing the card to be used in various settings without being tethered to a reader. With over a decade of R&D, the company aims for approval from major global payment networks, addressing a significant market need as 10.8 billion EMV chip cards circulate worldwide.

SmartMetric, Inc. (OTCQB: SMME) announces independent consumer research revealing that 80% of U.S. cardholders are concerned about credit card and identity theft, with 67% willing to pay for biometric cards. Research aligns with Visa's findings, indicating over 65% consumer familiarity with biometrics. The SmartMetric biometric card utilizes a built-in fingerprint scanner, enhancing security by validating users through their fingerprints instead of PINs. The technology enables seamless transactions in under a second, aiming to address the multi-billion dollar chip card market.

SmartMetric, Inc. (OTCQB: SMME) has unveiled an advanced biometric credit card featuring an integrated fingerprint scanner, enhancing security beyond traditional PIN methods. This innovative card includes its own power source, allowing it to scan fingerprints before insertion into an ATM or card reader. In collaboration with banks, users can enroll their fingerprints at home, facilitating card activation. This technology taps into the billion-dollar chip card market, projected to grow with 10.8 billion EMV chip cards in circulation by 2020, addressing the evolving needs of card issuers and consumers.

SmartMetric, Inc. (OTC-PINK: SMME) highlights the significant market potential for biometric credit and debit cards, noting over 11 billion EMV chip cards issued globally. Consumer research reveals that 80.1% of respondents are concerned about fraud, with 65.5% willing to pay for safer biometric cards. SmartMetric's projections suggest a $140 million EBITDA from just 5 million cards. The fingerprint biometric technology aims to enhance security and offers banks a new revenue stream, indicating a promising future for adoption and market growth.

SmartMetric, Inc. (OTC-PINK: SMME) highlights the growing fraud crisis according to LexisNexis' 2021 report, showing that each $1 of fraud costs U.S. merchants $3.60, a 15% increase since pre-COVID-19. Total U.S. credit card fraud losses reached $11 billion in 2020, with a potential real-life loss of over $39.6 billion when considering the multiplier effect of fraud. SmartMetric is advancing biometric technology in credit cards, incorporating a fingerprint scanner for secure transactions, aiming for adoption by major banks in 2022.

SmartMetric, Inc. (OTCQB: SMME) is poised for significant growth in 2022 with the anticipated adoption of fingerprint-activated biometric credit cards by major banks worldwide. Market research shows 70% of U.S. credit card holders are open to purchasing these cards for $70, driven by enhanced security. With almost 11 billion EMV chip cards globally, just a 1% adoption could result in over 100 million biometric cards issued. SmartMetric has resolved supply chain issues and is collaborating with a leading credit card network for official approval, advancing towards global distribution.