Business News • MarketWire • The SmartMetric Biometric Fingerprint Activated Credit and Debit Card Uses Your Fingerprint to Turn the Card on Rather Than Relying on Easily Hacked PIN Numbers

The SmartMetric Biometric Fingerprint Activated Credit and Debit Card Uses Your Fingerprint to Turn the Card on Rather Than Relying on Easily Hacked PIN Numbers

The SmartMetric Biometric Fingerprint Activated Credit and Debit Card Uses Your Fingerprint to Turn the Card on Rather Than Relying on Easily Hacked PIN Numbers

NEW YORK, NY--(Marketwired - Jun 5, 2015) - SmartMetric, Inc. (OTCQB: SMME) - Reliance on PIN numbers and computer generated codes or tokens has proven vulnerable to data thieves that use the security weaknesses in the credit card payments system to steal billions of dollars annually. It is reported that over $14 billion was lost last year to credit card fraud, leaving not only the consumer vulnerable to their personal data being stolen but having to pay higher prices after retailers increase their prices to shoppers to cover the cost of this gigantic level of losses. Add to this the cost incurred by banks directly from card fraud who also then pass on these losses to the consumer in higher bank fees.

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