SmartMetric Inc (SMME): Our press releases claim that there is $...

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Tuesday, 11/11/2014 5:59:30 PM

Tuesday, November 11, 2014 5:59:30 PM

Our press releases claim that there is $190 Billion in card fraud in the US every year. Of that amount only 11Billion is actual bank losses, the rest is shared between merchants and customers.
Our press releases also claim there are 1.5 Billion credit cards in the US.
1.5 Billion time the $50 cost per fingerprint card equals 75 Billion in outlay from the banks. Of course you would divide this by the average 3 year life of a credit card and end up with an annual card replacement cost of 25 Billion.
Why then would banks choose to spend 25B to save 11B ????

Just my thoughts.

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Recent SMME News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/21/2024 06:41:03 PM
Credit Card to Prevent Fraudulent Activities • AllPennyStocks.com • 12/21/2023 08:00:00 PM
Credit Card to Prevent Fraudelent Activities • AllPennyStocks.com • 12/21/2023 08:00:00 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 08:30:16 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 11:00:48 AM
Form 253G1 - • Edgar (US Regulatory) • 11/06/2023 04:10:16 PM
Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 11/06/2023 05:15:06 AM
Form 1-A POS - • Edgar (US Regulatory) • 10/20/2023 07:26:28 PM
Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/19/2023 08:20:09 PM
Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/18/2023 09:26:13 PM
Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 10/16/2023 10:00:11 AM
Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:58:03 PM
Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/27/2023 07:27:47 PM
Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 09/26/2023 11:39:30 AM

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