Replies to post #3998 on SmartMetric Inc (SMME)

[Techn0phobe]

I ESPECIALLY LIKE THESE NUMBERS AND INDENPENDENT ANALYST QUOTE

Again well researched by Poor PS.

Payments industry analysts Mercator also highlighted Smart Metric in a recent report on biometrics comparing the technology to m-commerce applications in Europe. "We know that overseas, when a similar biometric capability has been added to consumer-held mobile phones, that second-factor authentication functionality has been fairly popular for payment transactions and mobile banking," says Melanie Broad, research analyst at Mercator Advisory Group. "We also anticipate that the ability of biometrics to add an additional authenticating factor to a transaction or to replace something like a PIN is going to be a large part of its appeal in payments going forward."

Further information from the articles posted:

http://www.otcshowcase.com/smartmetric-secures-1-million-for-production-facility-lawsuits-take-backseat-for-a-day/#more-6106

In the U.S., we may not know a great deal about EMV cards, but the migration will be coming soon as more and more 80 countries across the globe, including Canada, are making the transition to EMV as a standard because of its benefits of thwarting fraud and counterfeiting. As of September 2011, more than 1.3 billion cards were issued and nearly 21 million POS terminals terminals had been changed to accept EMV cards. That’s nearly half of all payment cards out there today and three-quarters of all POS terminals in the world. Clearly, EMV is going to be huge.

Clearly indenpendent assessment and figures as to the size and market potential. I was not previously aware of the 1.3 cards or the 20 million POS terminals. The amount of transactions made at POS terminals. Perhaps this forms some of the basis for SMME current and active claim against Visa and MC.

Due Dilligence done with independent reported information.