|By Marketwired .||
|August 22, 2014 11:21 AM EDT||
NEW YORK, NY -- (Marketwired) -- 08/22/14 -- SmartMetric, Inc. (OTCQB: SMME) -- According to an ACI Worldwide Impact Report -- Global Consumers: Losing Confidence in the Battle Against Fraud -- 27 percent of cardholders (debit, credit and prepaid) had experienced card fraud in the past five years. After experiencing fraud, however, 63 percent of consumers use their card less, at least in some situations, than they had previously. The economic impact on consumer behavior and its direct impact on lessened use of credit and debit cards after a consumer experiences fraud hasn't been calculated. But with one in four consumers suffering fraud over the past five years according to a report by the Aite Group, and then taking into account that 63% of these fraud victims then use their cards less, it shows a definite and as yet unquantified significant loss to banks and payment card companies. There has also been no study on the reduced card usage and its impact on the spend of the card user at merchants. It could be the consumer changes their behavior in spending less from not using the card as often or they may use an alternative such as cash, said the President & CEO of SmartMetric, Inc. Chaya Hendrick. Either way, the impact in financial institutions is far greater than just the multi billions lost to fraud each year, 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 self-powered fingerprint scanner and reader that fits inside credit and identity cards that is 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]
Dec. 2, 2016 01:00 PM EST Reads: 2,436
Dec. 2, 2016 01:00 PM EST Reads: 1,373
Dec. 2, 2016 12:11 PM EST Reads: 160
Dec. 2, 2016 12:00 PM EST Reads: 1,823
Dec. 2, 2016 12:00 PM EST Reads: 134
Dec. 2, 2016 11:45 AM EST Reads: 1,451
Dec. 2, 2016 11:30 AM EST Reads: 1,844
Dec. 2, 2016 11:30 AM EST Reads: 3,737
Dec. 2, 2016 11:00 AM EST Reads: 394
Dec. 2, 2016 11:00 AM EST Reads: 393
Dec. 2, 2016 10:45 AM EST Reads: 1,591
Dec. 2, 2016 10:30 AM EST Reads: 1,897
Dec. 2, 2016 10:15 AM EST Reads: 2,022
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Dec. 2, 2016 10:00 AM EST Reads: 602
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Dec. 2, 2016 10:00 AM EST Reads: 695