BAY HARBOR ISLANDS, FL--(Marketwire -04/19/12)- SmartMetric, Inc. (OTC.BB: SMME.OB - News) -- President & CEO of SmartMetric, Inc., Ms. Chaya Hendrick, the developer of "secured by Biometric's" Credit and Identity Cards, said today, in order to ensure your USA issued Visa or MasterCard cards will work at all ATM Machines and Point of Sale Retail Machines overseas, they will need to be an EMV or Chip & Pin Card. That is Chip Visa or MasterCard Card if issued in the United States, are in direct violation of the SmartMetric. Inc. Patent as ruled in the recent Court hearing by the Federal Appeals Court in Washington DC.
Without a chip on your card, you are at great risk of your Visa or MasterCard not working when travelling overseas.
If you are travelling overseas the likelihood of your USA issued Visa or MasterCard Credit or ATM Card not working in ATM Machines or Retail Credit Card Machines is very high. In fact, Thomas Cook have opened up booths at airports in the USA, selling pre-paid Chip Cards to overseas travelers that allows these cards to work in overseas ATM and point of sales retail machines so that travelers will not be left stranded when needing money from an ATM machine or wanting to make a purchase in a store.
EMV or Chip & Pin Credit and Debit Cards have become the standard issued cards by Banks around the World. Many World travelers are now finding that when they try to use their USA issued credit or ATM Cards, they do not work in many of the UK or European ATM of Retail Card Machines. This is why Thomas Cook is selling Chip & Pin Cards at US Airports for International travelers. Will your USA issued Visa or MasterCard work overseas? Most likely not if it's not an EMV Chip Card and if it is a USA issued Card then it is in violation of the SmartMetric, Inc., issued Patent.
The SmartMetric, Biometric Card Computer provides powerful computing with large memory capacity in a revolutionary size that has taken more than 10 years of research and development. Using the latest in sub micro technology electronics, the company has achieved a level of miniaturization that allows it to release a solution of portable computing power that, combined with SmartMetric's biometric fingerprint in-card scanning technology, is so revolutionary it will change the way business is done and information is handled across a broad range of industries.
For further information please go to the company's website: 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.
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