SmartMetric Wins $3 Million Fee Dispute With Visa Inc. and Mastercard International
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 03/26/15 -- SmartMetric, Inc. (OTCQB: SMME) SmartMetric is pleased to advise that it has won a legal fee dispute with Visa Inc. and MasterCard International. The two respective payments card companies had sought what would have approximated to $3 million in fees and costs against SmartMetric arising from the SmartMetric patent infringement claim against Visa Inc. and MasterCard International.
"This is great news for SmartMetric, freeing us now to move forward with our advanced biometric payment and identity card technology without this massive potential cost to the company over our heads. This threat over the company of having to pay $3 million has been a serious impediment to our moving forward into production but now being dispensed with by the Court will allow us to move forward into production with great vigor," said SmartMetric''s President & CEO Chaya Hendrick.
Part of yesterday''s, March 25th ruling by the court is as follows:
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Datum: 26.03.2015 - 12:00 Uhr
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