SmartMetric Inc (SMME)

[PoorP-S]

SMME to protect us from Apple Pay

I guess many in Oz have seen these ads and paid no attention to them.

These ads demonstrate the pathways that banks and other financial institutions and the card industry wants to take us as customers.

I do not think this is a safe way to do business and certainly does not protect us as customers.

The ads just show total disregard to our personal safety and financial security.

This is where Smartmetric will intervene to keep us safe and secure, if it can finally do what it says its doing.

The ads show people in a queue at a POS, buying something, and watching the big TV screen behind the counter. Nobody is looking at the customer service person or the counter or the product they are buying. More importantly, nobody is ever looking at the POS machine screen or the cards being swiped across it to confirm the purchase while they tap'n'go. There is no confirmation that the price is correct or that the card has confirmed and been authorised. Nobody. Ever.

We are being lead down a pathway of total disregard for our safety and security for the sake of saving time, a few meagre seconds for the sake of our safety and security, just so banks and financial institutions and card companies can churn through the trades and stick more money in their coffers at a tick per click arrangement.

I see this a perfect opportunity to support Smartmetric in what it says its trying to achieve for our benefit - not just to make we investors some money, but to protect us from ourselves and from those companies that seek to profit from our inability to look after ourselves and our time-sensitive lifestyles. At least - if we are going to go down the pathway of just handing over our money as quickly as possible we can, at least, have our card secured for as long as possible.

In a world where we use a Smartmetric card we would, at least, have to pause long enough to swipe our fingers across a fingerprint reader to activate our cards. This might, at least, cause us to pause long enough to focus on the card and maybe the transaction that is taking place at that time. That way, at least, we can be assured the transaction is correct and authorised - for our own safety and security.