| Home : July 18 2014 Computer News : SmartMetric Is Claiming in Its Patent Infringement Law Suit Against Visa Inc and Mastercard International, a Percentage of the Money Saved From the Use by the Card Company of EMV Chip Cards in the United States -- the Total Claim Over the Life of the SmartMetric Patent Is $13.4 Billion |
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SmartMetric Is Claiming in Its Patent Infringement Law Suit Against Visa Inc and Mastercard International, a Percentage of the Money Saved From the Use by the Card Company of EMV Chip Cards in the United States -- the Total Claim Over the Life of the SmartMetric Patent Is $13.4 Billion |
July 18, 2014
NEW YORK, NY--(Marketwired - Jul 18, 2014) - SmartMetric, Inc. (OTCQB: SMME) SmartMetric in its patent infringement case against Visa, Inc. and MasterCard International is claiming a percentage of the savings that flow from the use of EMV cards in the United States. When assessing what this amount should be SmartMetric was looking at two companies that turnover trillions of dollars a year. Taking the reduction in fraud rates that have been documented in other countries where EMV chip cards have been deployed the actual savings from fraud each year in the United States are projected in the multi billions.
Link: http://www.marketwired.com/mw/release.do?id=1931042&sourceType=3
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