New Biometric Credit Card Created by SmartMetric Is Designed to Protect the Card Using Consumer and the Card Issuing Financial Institution in the Ongoing Battle Against Credit Card and Identity Fraud
NEW YORK, NY--(Marketwired - January 08, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric has created an amazing anti fraud and anti identity theft product by incorporating state of the art biometric fingerprint scanning technology inside the credit and debit card. The biometric payments card solution developed by SmartMetric after many years of research and development has a super miniature and incredibly powerful fingerprint scanner built inside the credit and debit card. It uses a person's fingerprint to activate the card and is completely compatible with retail point of sale card readers as well as ATMs.
"We are excited with the reception we are getting from financial institutions from around the world who see our product as an exciting new card category that could also create new card customers for the card issuing institutions that issuer this advanced technology based card," said today SmartMetric's President & CEO, Chaya Hendrick. While we are not able to disclose the talks that commenced with Banks and card issuers around the world we can report that there is a very high level of interest in our new card product. And based on the discussions that are ongoing we have had to prepare for initial mass production capacity of 1 million cards a month. We are also planning on being able to increase significantly our electronics production capacity as we move into production adoption during 2016 said Chaya Hendrick.
To view a video of the SmartMetric biometric chip card follow this link:
SmartMetric Biometric Payments Card -- https://youtu.be/zSX59uHoHqU
To view the company website: www.smartmetric.com
Safe Harbor Statement: Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. 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. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.
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