Replies to post #6647 on SmartMetric Inc (SMME)

[User12]

This article states credit card fraud was $11 billion in 2013 an increase from $8 billion the prior year.

http://www.cnbc.com/id/101569430

You also have to take into account the emotional cost from someone stealing your credit card information. The monthly fee would be considered insurance. Many people would pay a fee for that extra piece of mind.

Insurance is no different, if the claims were more than the premiums there would not be any insurance companies in business.