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Up To 2.39% Of Retail Sales Are Lost To Fraud Says SmartMetric, The Manufacturer Of The Biometric Activated Credit Card

$22.80 Billion Reported In Global Credit Card Fraud Losses – United States Accounts For More Than 39% Of All Worldwide Credit Card Fraud Losses

NEW YORK, May 24, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – Credit card fraud is occurring across retail, e-commerce, financial services and lending sectors at an alarming rate. Every $1 of fraud costs organizations in these industries between $2.48 to $2.82 – that means that fraud costs them more than roughly 2 ½ times the actual loss itself. Fraud cost as a percent of revenues ranges between 1.58% to 2.39%* based on research just published by The Nilson Report.

Payment card fraud globally has climbed to over $22 Billion in losses*.  What is alarming for USA credit card issuers is that the United States has 39% of worldwide card fraud losses.

SmartMetric has created a powerful biometric fingerprint reader that sits inside a bank’s credit or debit card.  Using the cardholder's fingerprint to unlock and activate the card as the card user touches the card's surface.  In less than a second the card user’s fingerprint is scanned and then matched with their fingerprint stored inside the card.  Of course if the person trying to use the card is not the card holder, the card will not work.

"One of the functional features of our card is that it is powered by an internal rechargeable battery.  This means the SmartMetric biometric card in-card scanner can be used independently of and prior to the card being inserted into a card reader or ATM," said SmartMetric’s President & CEO, Chaya Hendrick.

The SmartMetric biometric credit card works with the global standard chip cards. There are more than 6 billion chip cards now issued by banks globally.

To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card SmartMetric website:

* The Nilson Report May 18, 2018

Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

Contact Information

PROTEC Secure Card, LLC 
80 Corbett Way 
Eatontown, NJ 07724, USA
Sales: Tracey Breckenridge


Alvaro Gartner Valencia
Gerente Comercial & Financiero
Carrera 65, No. 80-16
Bogota D.C. 11121, Colombia
Tel: +57. (1) 4378484

Grupo Datco
San Martin 1004
Buenos Aires, Argentina
Adrian Carnevante – Director
+54 (9)11.4103.1300

SMARTMETRIC Inc. (Manufacturer)
SmartMetric, Inc.
Chaya Hendrick
President & CEO
3960 Howard Hughes Parkway, Suite 500
Las Vegas, Nevada.  89169 USA  

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