SOURCE: SmartMetric, Inc.
April 19, 2012 09:20 ET
Visa and MasterCard Failed in Their Attempt to Invalidate the SmartMetric Issued Patent That Covers Chip and EMV Cards in the United States; Visa and MasterCard, if They Issue Chip Cards in the USA as They Have Done in Most Parts of the World, Will Be in Direct Violation of the SmartMetric, Inc. Patent Based on the Federal Court of Appeals Ruling of a Few Weeks Ago
BAY HARBOR ISLANDS, FL--(Marketwire - Apr 19, 2012) - SmartMetric, Inc. (OTCBB : SMME) -- President & CEO of SmartMetric, Inc., Ms. Chaya Hendrick, the developer of "secured by Biometric's" Credit and Identity Cards, said today, in order to ensure your USA issued Visa or MasterCard cards will work at all ATM Machines and Point of Sale Retail Machines overseas, they will need to be an EMV or Chip & Pin Card. That is Chip Visa or MasterCard Card if issued in the United States, are in direct violation of the SmartMetric. Inc. Patent as ruled in the recent Court hearing by the Federal Appeals Court in Washington DC.
Without a chip on your card, you are at great risk of your Visa or MasterCard not working when travelling overseas.
If you are travelling overseas the likelihood of your USA issued Visa or MasterCard Credit or ATM Card not working in ATM Machines or Retail Credit Card Machines is very high. In fact, Thomas Cook have opened up booths at airports in the USA, selling pre-paid Chip Cards to overseas travelers that allows these cards to work in overseas ATM and point of sales retail machines so that travelers will not be left stranded when needing money from an ATM machine or wanting to make a purchase in a store.
EMV or Chip & Pin Credit and Debit Cards have become the standard issued cards by Banks around the World. Many World travelers are now finding that when they try to use their USA issued credit or ATM Cards, they do not work in many of the UK or European ATM of Retail Card Machines. This is why Thomas Cook is selling Chip & Pin Cards at US Airports for International travelers. Will your USA issued Visa or MasterCard work overseas? Most likely not if it's not an EMV Chip Card and if it is a USA issued Card then it is in violation of the SmartMetric, Inc., issued Patent.
