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1.8 Billion Credit Cards Issued In The United States, Says The Maker Of Biometric Credit Cards, SmartMetric
1.8 Billion Credit Cards Issued In The United States, Says The Maker Of Biometric Credit Cards, SmartMetric.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\n\n 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.\n 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 i...