SmartMetric Claims Recent Credit Card Fraud Figures Add Further Support for Its $13.4 Billion Patent Infringement Claim Again...
April 10 2014 - 10:18AM
Marketwired
SmartMetric Claims Recent Credit Card Fraud Figures Add Further
Support for Its $13.4 Billion Patent Infringement Claim Against
Visa Inc. and MasterCard International -- Recent Report Says Credit
Card Fraud in United States Increased From $8 Billion in 2012 to
$11 Billion in 2013
NEW YORK, NY--(Marketwired - Apr 10, 2014) - SmartMetric, Inc.
(OTCQB: SMME), SmartMetric the developer of fingerprint activated
biometric payment cards says newly released figures by Javelin
Research provide support for its claim of $13.4 Billion in pre-paid
royalties from patent infringement, claimed by SmartMetric against
Visa Inc. and MasterCard International.
The report by Javelin Strategy and Research, says that the
direct dollars lost from credit card fraud in 2013 rose
dramatically in the United States, reaching $11 Billion from $8
Billion in 2012.
SmartMetric, has a patent infringement case before the Federal
Circuit Court. The company is awaiting news from the Court on
the date of its hearing which is expected to take place in June of
this year with a ruling on SmartMetric's motions expected within
two months after the hearing. SmartMetric is seeking from the
Court a judgment of infringement along with a confirmation that the
defendants should pay damages based on a percentage of the economic
benefit gained from the use of the SmartMetric patent.
SmartMetric is continuing its efforts and focus on bringing to
market both its Fingerprint activated payments cards along with its
portable electronic medical records device called the
MedicalKeyring. Both products will go into sizeable production
following completion of current discussions and arrangements on
Wall Street.
About SmartMetric SmartMetric, Inc. (OTCQB: SMME) is the
owner of a United States Patent & Trademark Office issued
patent covering the use of smartcards (EMV cards are smart cards)
that connect to networks. The company develops biometric smart
cards including EMV and access control cards used for payments,
security and identification. For information on SmartMetric
and its technology please go to 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.
Investor Relations: Jens Dalsgard ConstellationAA.com Tel:
775.771.5808 SmartMetric, Inc. Chaya C. Hendrick President &
CEO Tel: 305.503.8157 Direct: 786.269.2238 ceo@smartmetric.com
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