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SmartMetric Welcomes the Dramatic Increase in Chip Card Adoption With a 1 Billion Issuance Increase in Just the Past Year — 3.4 Billion Chip Cards Now in Use Globally

NEW YORK, NY — (Marketwired) — 05/11/15 — SmartMetric, Inc. (OTCQB: SMME): EMVCo, the chip card standards body, reported 3.4 billion EMV cards in global circulation 06 May 2015.

By the end of 2014, the number of EMV payment cards in circulation rose by 1 billion, up 43%, to 3.4 billion, from 2.37 billion in Q4 2013.

Cards remain the dominant platform for payments globally as they represent the only payments platform accepted across retail stores globally while also working with the existing ATM networks. Mobile is still in comparison a very small fringe payments platform that could take decades to come even close to the usage rates of plastic cards. SmartMetric is enthusiastic about the staggering growth of chip card global adoption and is excited about the prospects of its own chip card based biometric fingerprint cards that are designed to work with the EMV payments card infrastructure, said SmartMetric President &CEO, Chaya Hendrick.

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

Everest Corporate Advisors, Inc.
702.334.7791
415.250.0105

Office: 702.990.3687
786.269.2238
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Related posts:

  1. 2.37 Billion EMV Chip Payment Cards Issued Globally — SmartMetric Adds Biometric Security Inside Chip Cards
  2. Chip-Based Payments Cards Continue Massive Growth With More Than 2.3 Billion Chip Cards Now in Circulation Globally
  3. SmartMetric Says the Reported 40% Increase in the Cost for Retailers of Payment Card Fraud Resulting in $32 Billion Losses in 2014 Up From $23 Billion in 2013 Is Staggering and Due to the Intrinsic Insecurity of Payment Cards
  4. A Chip on Your Credit Card Is Coming to Your Card in Your Wallet – SmartMetric Makes Chip Credit and Debit Cards Even Safer Using Its In-Card Biometric Identification

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