NEW YORK–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME) – A 2016 iovation/Aite Group abstraction on EMV’s projected appulse on banking artifice letters that acclaim agenda artifice losses may ascend to as abundant as $10 billion in the United States abandoned by 2020.
According to a abstraction conducted by Lexis Nexis, “Retail artifice continues to access acutely year-on-year, forth with its cost.”
• The boilerplate aggregate and amount of counterfeit affairs has risen.
• And, the akin of artifice as a allotment of revenues has confused upwards (1.58% to 1.80% on average).
For every dollar taken in by a retailer, 1.8% leaves the retailer’s easily due to the amount of fraud. This is an absurd concealed tax on the accessible as these artifice costs are consistently anesthetized on to the customer through college retail prices to awning these agenda artifice losses said SmartMetric’s President & CEO, Chaya Hendrick, today.
The absolute amount of artifice for anniversary $1.00 absent to artifice by a banker is $2.94, which involves added costs accompanying to chargebacks, fees, commodity redistribution, labor/investigation, acknowledged case and IT/software security. This is a 6% access from the antecedent year.
SmartMetric has developed a acclaim agenda that uses the agenda holder’s fingerprint to actuate the acclaim or debit agenda above-mentioned to it actuality amid into a retailers acclaim agenda clairvoyant or ATM. This allows for a abounding 100% biometric validation of the agenda user.
“Using biometrics central the acclaim agenda is article that has taken us over 15 years of R&D, but now we acquisition ourselves with arguably the best avant-garde and agitative biometric band-aid to action acclaim agenda fraud,” said Chaya Hendrick.
Follow these links to appearance the SmartMetric biometric acclaim card: Using the SmartMetric Agenda at an ATM, Storing your fingerprint on your card, Using the SmartMetric Biometric Agenda at an ATM, SmartMetric Biometric Portable Medical Records Card. To appearance the aggregation website: www.smartmetric.com.
Safe Harbor Statement: Certain of the aloft statements independent in this columnist absolution are advanced statements that absorb a cardinal of risks and uncertainties. Such advanced statements are aural the acceptation of that appellation 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 advanced statements are not guarantees of approaching achievement and absorb risks and uncertainties, and that absolute after-effects may alter materially from those adumbrated in the advanced statements as a aftereffect of assorted factors.
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