NEW YORK–(BUSINESS WIRE)–Mar 30, 2020–
SmartMetric, Inc. (OTCQB: SMME): A report, Contactless Cost Market International Forecast to 2025, revealed by MarketsandMarkets says the worldwide contactless credit score/debit card fee market dimension is predicted to develop from USD 10.three billion in 2020 to USD 18.zero billion by 2025. That is at a Compound Annual Progress Charge (CAGR) of 11.7% throughout the forecast interval. The key benefit supplied by contactless funds is that clients can immediately full transactions with the faucet of a card. This will increase the velocity of transactions, making contactless funds much more environment friendly said the MarketsandMarkets report.
SmartMetric has introduced that its biometric fingerprint secured and activated contact and contactless credit score/debit playing cards are able to ship to its companions in Europe on the finish of the COVID-19 lock down.
“We’re very excited with the continued studies of the very sturdy progress for the contactless credit score and debit card market. Our biometric card with a constructed inside the cardboard fingerprint scanner can be significantly advantaged by the continued sturdy progress on this market sector,” stated right this moment SmartMetric’s President and CEO, Chaya Hendrick.
Securing contactless credit score and debit playing cards with an individual’s biometrics is a recreation changer within the contactless funds card world in keeping with SmartMetric. Permitting card issuing banks to now present a very safe contactless card product that may solely be utilized by the true card holder. This dramatically modifications the danger for card issuers who’ve needed to have low transaction limits on contactless playing cards because of the ease of use by fraudsters who’ve acquired a misplaced of stolen card.
It has taken us quite a lot of engineering and time to good our contactless card know-how inside the cardboard whereby the cardboard’s contactless radio transmission is barely activated to work with a contactless card reader following the cardboard holders constructive fingerprint scan. The biometric bank card holders’ fingerprint is saved inside the cardboard and by merely touching a sensor on the cardboard’s floor, in lower than 1 / 4 of a second the customers’ fingerprint is scanned, matched after which and solely then will the cardboard work in a contact or contactless card reader or ATM.
The opposite main benefit of the SmartMetric biometric card know-how is that it’s self-powered. That signifies that the cardboard doesn’t should be inserted right into a card reader for it to work. This characteristic permits the SmartMetric card for use in any respect card fee conditions together with in eating places that take the cardboard to the checkout to course of the fee.
SmartMetric is making ready to have its card offered to card issuing banks around the globe with an EMV Chip that may seamlessly function with the Financial institution’s current backend methods, card readers and ATM’s as quickly because the COVID-19 restrictions are lifted in america and Europe.
SmartMetric is a USA primarily based firm with gross sales and advertising and marketing partnerships in Latin America, Europe america. Engineering of the biometric card electronics is completed in-house and is the owned mental property of the corporate.
To view the SmartMetric Biometric Card please observe this hyperlink – Video of the SmartMetric Biometric Card. To view the corporate web site: www.smartmetric.com
*MarketsandMarkets™ supplies quantified B2B analysis on 30,000 excessive progress area of interest alternatives/threats which can affect 70% to 80% of worldwide firms’ revenues. Presently servicing 7500 clients worldwide together with 80% of world Fortune 1000 firms as purchasers. Nearly 75,000 prime officers throughout eight industries worldwide strategy MarketsandMarkets™ for his or her ache factors round revenues selections.
Protected Harbor Assertion:Ahead-Trying Statements on this press launch, which aren’t historic details, are forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Additionally such forward-looking statements are throughout the that means of that time period in Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934. Our precise outcomes, efficiency or achievements might differ materially from these expressed or implied by these forward-looking statements. In some instances, you’ll be able to establish forward-looking statements by means of phrases akin to “might,” “may,” “anticipate,” “intend,” “plan,” “search,” “anticipate,” “consider,” “estimate,” “predict,” “potential,” “proceed,” “doubtless,” “will,” “would” and variations of those phrases and related expressions, or the unfavourable of those phrases or related expressions. Such forward-looking statements are essentially primarily based upon estimates and assumptions that, whereas thought-about cheap by us and our administration, are inherently unsure. Components which will trigger precise outcomes to vary materially from present expectations embrace, amongst others, if we’re unable to entry the capital essential to fund present operations or implement our plans for progress; modifications within the aggressive setting in our business and the markets the place we function; our capacity to entry the capital markets; and different dangers mentioned within the Firm’s filings with the U.S. Securities and Change Fee, together with our Annual Report on Type 10-Ok, which filings can be found from the SEC. We warning you to not place undue reliance on any forward-looking statements, that are made as of the date of this press launch. We undertake no obligation to replace publicly any of those forward-looking statements to replicate precise outcomes, new data or future occasions, modifications in assumptions or modifications in different components affecting forward-looking statements, besides to the extent required by relevant legal guidelines. If we replace a number of forward-looking statements, no inference needs to be drawn that we’ll make further updates with respect to these or different forward-looking statements.Buyers and safety holders are urged to fastidiously assessment and think about every of SmartMetric Inc. public filings with the SEC, together with however not restricted to, if relevant, Annual Reviews on Type 10-Ok, proxy statements, Present Reviews on Type 8-Ok and Quarterly Reviews on Type 10-Q.
View supply model on businesswire.com:https://www.businesswire.com/information/house/20200330005587/en/
CONTACT: Investor Relations
(415) 250-0105SmartMetric, Inc.
President & CEO
3960 Howard Hughes Parkway, Suite 500
Las Vegas, Nevada. 89169 USA
Tel: (702) 990-3687
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY BANKING PROFESSIONAL SERVICES SECURITY
SOURCE: SmartMetric, Inc.
Copyright Enterprise Wire 2020.
PUB: 03/30/2020 12:41 PM/DISC: 03/30/2020 12:41 PM