SmartMetric Says Recent EMV Chip Card Global Deployment Figures Show a Growth of Over 1 Billion in New Cards in 12 Months -- Growth in EMV Cards 2013 to 2014, From 2.37 Billion to 3.4 Billion Cards Now in Use
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 07/13/15 -- SmartMetric, Inc. (OTCQB: SMME) says the adoption and growth in EMV chip cards globally is astonishing. According to figures released by the industry body EMVco, there are as of end of quarter 2014, now more than 3.4 billion EMV chip credit and debit cards in circulation. This is a massive 12 month increase over the previous year (2.37 billion) representing a growth rate of 43%.
The 3.4 billion EMV chip credit and debit cards does not take into account the rapid increase to this figure from the new EMV chip cards now being issued in the United States. It is thought that an additional 1 billion additional EMV chip debit and credit cards will come from new issued cards in the United States over the next 18 months as the United States switches over to this chip card technology. Further rapid growth is also expected from Latin America and Asia.
SmartMetric has developed a fingerprint reader that sits inside EMV chip credit and debit cards that is used to activate the cards EMV chip that in turn then is used to make a payments transaction. Our technology is bringing the power of biometrics to the EMV chip based card technology so as to make an even safer and more secure credit and debit card for banks and users alike, said today SmartMetric's President and CEO, Chaya Hendrick.
SmartMetric provides enhanced security to credit and debit cards by adding biometrics as an additional powerful security feature on payments cards. A person's fingerprint is used to validate the card user's card and to turn on the card before the card is inserted into an ATM or store card reader.
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.
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Datum: 13.07.2015 - 13:41 Uhr
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