1.8 Billion Credit Cards Issued In The United States, Says The Maker Of Biometric Credit Cards, SmartMetric

Las Vegas, Nevada, UNITED STATES

NEW YORK, April 20, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – According to research * compiled September 2017, more than 1.8 Billion Credit Cards are in use in the United States. The total number of individual US credit card holders is 199,800,000 with an average of 4 credit cards per person.

For card issuing Banks obtaining new card sign ups is just part of the marketing battle. Having the issued card become the “go to” card in a person’s wallet goes directly to the revenue earned by the Bank. Consumers have on average 4 credit cards, many of which are with different card issuing Banks. The more a consumer favors one of their credit cards over another brand in their wallet means the more transaction based revenue the favored card generates for the card issuing Bank.

For a bank to issue a credit card that is demonstrably safer with a perceived higher level of security than other cards in the wallet, will undoubtedly see that this “safer” card be the go-to card in consumers wallets. 

“Our biometric credit card with built inside the card fingerprint scan and verify technology, will without a doubt be the most used and trusted card for credit card users," said today SmartMetric’s President and CEO, Chaya Hendrick.

Based on research conducted by a third party research company commissioned by SmartMetric, 80% of credit card users are concerned about card fraud and identity theft. The same research showed that nearly 70% of credit card users would pay for a biometric credit card. This demonstrates clearly both the fear on the part of credit card users as well as their motivation and willingness to have a safer biometric credit card.

SmartMetric is the developer and manufacturer of the biometric credit card and security/access card that has an inbuilt fully functional miniature fingerprint scanner inside the card. No central database that can risk the card holder’s biometric information and no sending of biometric data over the network, the SmartMetric biometric card stores a person's fingerprint inside the card. On the surface of the card is a small sensor that when you touch it causes the card to scan and match your fingerprint in less than a second. If it is your biometrics matching on the card, then the card is turned on. If not no one else can use it. 

The SmartMetric Biometric card is a powerful new technology in the fight the multibillion fight against ID theft and credit card fraud. As a security card it provides extreme security for cyber log on, doorway entry and on the spot identity verification all in a single card the size and thickness of a credit card.

After many years of research and development with its advanced team of engineers primarily in Tel Aviv, Israel, SmartMetric has achieved what was seen as impossible, a fully operational biometric locked and secured credit card for consumers and ID card for businesses.

The SmartMetric biometric payments and security card is protected by 5 issued patents with additional patents applied for. Being the originator of the biometric fingerprint in-card concept over a decade ago, SmartMetric while working on its product development followed through with seeing its concept of a biometric card was protected by patents.

“Touch your card and your fingerprint biometrics instantly unlock the card in less than a second. Safer than a password and so much easier and quicker than entering a PIN," said SmartMetric’s President and CEO, Chaya Hendrick.

The company has recently appointed experienced credit card manufacturers in the United States and South America to bring the leading SmartMetric biometric card to credit card issuing Banks. The SmartMetric biometric credit card is being met with a very high level of enthusiasm as the banking industry is recognizing the benefits of having and offering this advanced biometric security technology to their customers.

SmartMetric is a United States company with its head office in Las Vegas, Nevada. It has a team of advanced engineers in Tel Aviv, Israel and has mass manufacturing capacity in various parts of the world. The company can now manufacture 1 million cards a month and has the capacity to increase this significantly based on product demand.

The SmartMetric biometric card is protected by five (5) recently “issued” patents. Additional patents are pending. SmartMetric will defend its patents vigorously against all infringers.

To view a video of the SmartMetric card follow this link SmartMetric Biometric Card Video

To contact the representative for the SmartMetric biometric credit/security card within the USA please contact PROTEC Secure Card, Tracey Breckenridge at traceyb@protecsecurecard.com. To view their website, www.protecsecurecard.com 

For more information concerning the new biometric secured credit and security card for South America please contact HOGIER GARTNER CIA S.A., Alvaro Gartner Valencia at alvaro.gartner@hogier.com. To view their website, www.hogier.com

Note: * https://www.statisticbrain.com/credit-card-ownership-statistics/

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact Information

Protec Secure Card, LLC
80 Corbett Way
Eatontown, NJ 07724, USA
Sales: Tracey Breckenridge

Alvaro Gartner Valencia
Gerente Comercial & Financiero
Carrera 65, No. 80-16
Bogota D.C. 11121, Colombia
Tel: +57. (1) 4378484

SmartMetric, Inc. 
Head Office
+1.702.990.3687 (West Coast Time)