Business News • MarketWire • SmartMetric Says Continued Exponential Growth in Chip Card Adoption in the United States Along With the Extraordinary Growth in Card Fraud Supports Its Patent Infringement Claim Against Visa Inc. & MasterCard International of $13.4 Billion, Now Before the United States Federal Circuit Court

SmartMetric Says Continued Exponential Growth in Chip Card Adoption in the United States Along With the Extraordinary Growth in Card Fraud Supports Its Patent Infringement Claim Against Visa Inc. & MasterCard International of $13.4 Billion, Now Before the United States Federal Circuit Court

SmartMetric Says Continued Exponential Growth in Chip Card Adoption in the United States Along With the Extraordinary Growth in Card Fraud Supports Its Patent Infringement Claim Against Visa Inc. & MasterCard International of $13.4 Billion, Now Before the United States Federal Circuit Court

NEW YORK, NY--(Marketwired - May 19, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- According to a report published on a newswire by EMV Migration Forum, an estimated 17 million to 20 million Chip Cards have already been issued in the United States with an expected hundred million or more cards expected to be issued next year. At the same time a recent report by Javelin Strategy and Research says that the direct dollars lost from credit card fraud in 2013 rose dramatically in the United States, reaching $11 Billion from $8 Billion in 2012.

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