|By Marketwired .||
|July 11, 2014 11:02 AM EDT||
NEW YORK, NY -- (Marketwired) -- 07/11/14 -- SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric reports that according to research by ACI International and the research company, the Aite Group, banks lose more than money from credit card fraud. They lose a large number of their customers as well. According to the joint ACI and Aite report, 23% of a bank's customers who experience card fraud move to another bank after being card fraud victims. "When you take into account that 1 in 4 bank credit card customers have experienced fraud over the past 5 years this amounts to a very large loss of customers for a Financial Institution," said SmartMetric President & CEO, Chaya Hendrick. "Banks as well as their customers benefit alike from increased credit card security," she said.
SmartMetric is a publicly traded technology company that has added a fingerprint scanner built inside EMV payment credit and debit chip cards thereby creating a second layer biometric authentication protection in defending against card fraud. The company is now actively marketing its technology to card issuing financial institutions around the World.
About SmartMetric, Inc.
SmartMetric, Inc. is a technology company that designs and engineers its own advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed a miniature fingerprint self powered fingerprint scanner and reader that fits inside credit and identity cards that are at the center of SmartMetric Inc.'s advanced biometric products. For more information please visit www.smartmetric.com.
Safe Harbor Statement
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.
Email: [email protected]
Feb. 6, 2016 02:00 PM EST Reads: 671
Feb. 6, 2016 01:30 PM EST Reads: 327
Feb. 6, 2016 01:15 PM EST Reads: 503
Feb. 6, 2016 01:00 PM EST Reads: 526
Feb. 6, 2016 12:00 PM EST Reads: 304
Feb. 6, 2016 12:00 PM EST Reads: 192
Feb. 6, 2016 11:15 AM EST Reads: 122
Feb. 6, 2016 11:15 AM EST Reads: 110
Feb. 6, 2016 11:00 AM EST Reads: 152
Feb. 6, 2016 11:00 AM EST
Feb. 6, 2016 11:00 AM EST Reads: 102
Feb. 6, 2016 11:00 AM EST
Feb. 6, 2016 10:00 AM EST Reads: 227
Feb. 6, 2016 09:45 AM EST Reads: 322
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 6, 2016 09:00 AM EST