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SmartMetric Biometric Card Uses 100% Card Holder Biometric Validation To Fight Against Wrongful Declined Transactions
SmartMetric Biometric Card Uses 100% Card Holder Biometric Validation To Fight Against Wrongful Declined Transactions.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\nNEW YORK, May 03, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) –\n “On average, nine in ten transactions that get flagged today for fraud turn out to be legitimate transactions,” said Nathan Rogers, senior manager, product marketing for CO-OP Financial Services. * Merchants face a serious challenge in today’s marketplace as they try to balance the need for strong antifraud measures with consumers’ desire for fast, easy, and digital purchases. Overzealous security measures incorrectly flag legitimate transactions, which potentially alienate customers and result in reduced revenue for merchants. One in six (15%) of all legitimate cardholders experienced at least one decline because of suspected fraud in the past year, resulting in a total of $118 billion declined. 32% of falsely declined credit card shoppers stopped shopping with the merchant entirely.* “The SmartMetric Biometric fingerprint activated credit card is able to almost eliminate both wrongly rejected card transactions as well as overcoming another area of card losses, “friendly fraud”.  By the cardholder being positively identified as the rightful card holder through their biometrics, Banks and Merchants can see that the card is being used by the authorized card holder at the time the transaction is being made,” said today SmartMetric President & CEO, Chaya Hendrick. ABOUT SMARTMETRIC SmartMetric is a United States company with its head office in Las Vegas, Nevada. The company was founded in 2002 and became a publicly traded company on the OTCQB in 2004 trading under the symbol OTCQB: SMME.  The company has a team of electronics 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 is prepared and willing to defend its patents vigorously against all infringers.  To this end SmartMetric has engaged legal representation highly experienced in patent litigation and enforcement.  * https://www.cuinsight.com/declined-true-cost-false-positives-co-op-can-help.html *htt...