“SmartMetric, Inc. (OTCQB: SMME): Fraud and Identity Theft in the USA to use a phrase, is going to the moon with a steep trajectory. In 2021, traditional identity fraud losses—those involving any use of a consumer’s personal information to achieve illicit financial gain—amounted to $24 billion (USD) and ensnared 15 million U.S. consumers according to Javelin Research. 1 “With runaway fraud and its exponential growth in the USA, it is important that all touch points in the payment eco-system harden their security defenses,” said SmartMetric’s President & CEO, Chaya Hendrick. Credit and debit cards that use outdated technology as highly vulnerable four (4) digit PIN’s are an obvious weak point of security for payment cards. “Adding biometric fingerprint identification for the card to work is layering a highly strong authentication and security to the credit and debit card using the power of biometrics,” said Chaya Hendrick. The SmartMetric biometric credit and debit card solution uses the SmartMetric developed miniature fingerprint scanner and reader that sits inside the credit and debit card. This is used to instantly identify the card user and in turn activate the card for use in a transaction.”

“Taking security for credit and debit cards to the next level, SmartMetric has created a nano biometric fingerprint scanner that sits inside the credit card which is used to confirm that the person using the card is the legitimate card holder. “We are very confident that our card will be adopted in the United States market as it is the only biometric credit card that can be used across all classes of card readers from retail outlets to ATMs,” said SmartMetric’s President and CEO, Chaya Hendrick. The company is working closely with a major global credit and debit card brand and payments network in order for the SmartMetric next generation biometric card to be operative on their vast global retail and ATM payments network.”

“SmartMetric, Inc. is pleased to announce that it has been able to address a compliance change required by the global payments network the company is working with for the worldwide release of its biometric credit card…SmartMetric’s Biometric card addresses the multibillion existing chip-based credit and debit card market. Figures published by EMVCo reveal that by year end of 2020, 10.8 billion EMV® chip cards have been issued by financial institutions and were in global circulation – a massive increase of nearly 1 billion credit and debit EMV® cards compared to the previous twelve months.”