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SmartMetric, Report Reveals More Than 32% of Americans Affected by Credit Card Fraud While United States ID Theft Cost More Than $17 Billion
SmartMetric, Report Reveals More Than 32% of Americans Affected by Credit Card Fraud While United States ID Theft Cost More Than $17 Billion.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\nSmartMetric Uses The Power of Biometrics Inside Your Credit Card to Fight Fraud\n NEW YORK, July 23, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) –  According to Javelin Strategy, the number of identity theft victims in the US rose to 16.7 million in 2017. The cost of all of that lost data amounts to over $17 billion.* Credit Card Fraud - More than 32% of Americans complained about credit card fraud in 2016, according to the FTC.* To fight the ongoing war against credit card fraud, SmartMetric has created a miniature fingerprint scanner that sits inside your chip credit/debit card. By simply touching a sensor on the surface of the card scans and matches the cardholders fingerprint and if a match with the prestored fingerprint inside the card, the card is then activated.   “The scan, match, authentication and card activation takes less than a second according to SmartMetric’s President & CEO, Chaya Hendrick. Using the power of biometric security within the card itself allows for immediate user validation. I tremendous leap forward in card security said SmartMetric’s President.” SmartMetric with its dealers and distributors in the USA, Europe and South America are now in talks with the some of the largest credit card issuers in the world. Because the SmartMetric biometric card uses existing industry standard payment chips it is easily deployable by Banks and does not require new systems or hardware. According to industry published figures, there are now 7.186 billion chip cards issued by banks globally. This figure is based on reported figures for 2017.  Figures reported in Q4 of 2017 and represent the latest statistics for from American Express, Discover, JCB, Mastercard, Union Pay, and Visa, as reported by their member institutions globally.* The SmartMetric biometric credit/debit card is designed specifically for use with Chip Cards. Inside the SmartMetric biometric card is a fully functional fingerprint scanner that uses the card holders pre-stored fingerprint inside the card to match and then activate the card based on the cardholder’s fingerprint biometrics. Safer and more secure than a pin number, the cardholders fingerprint is used to activate their enhanced secure credit card, adding increased protection from credit and debit card thieves.  Usin...