SmartMetric Inc (SMME)

[User12]

Consumers in the U.S. are forced to pay for insurance on behalf of the financial institution all the time. Mortgage insurance is a prime example. You also have to take into consideration, even thou you wouldn't want to do it, that doesn't mean someone else wouldn't as well.

Some food for thought, the current "regular" credit card cost a financial insitution up to $2.00 a card and the EVM cards cost $6.00 a card. This represents a 300% increase in cost without any benefit of a monthly service fee. A $50.00 biometric card with only a $3.00 service fee will recoupe a banks cost in 17 months.

So this is a win win for banks. Less fraud costs and the consumer pays for your overhead.

Oh, and I just recieved a letter in the mail that my bank was going to charge me $5.95 a month just to have an account with them......