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Post by joecoffee on Feb 9, 2014 20:33:44 GMT -5
Get to Know The Wocket(TM), NXT-ID's Next Generation Biometrically Secure Smart Wallet; Consumer FAQ Released Prior to Launch Why Buy a Wocket(TM)? "It's the Smartest Wallet You Will Ever Own; Secure and Replaces all the Cards in Your Wallet"  finance.yahoo.com/news/know-wocket-tm-nxt-ids-145642484.htmlGet to Know The Wocket(TM), NXT-ID's Next Generation Biometrically Secure Smart Wallet; Consumer FAQ Released Prior to Launch.  Wocket(TM) size varies with accessories, but can be much smaller than typical wallets, as small as 3.6''W … NXT-ID, Inc. (OTCQB: NXTD), a biometrics company focused on the growing m-commerce market, today announced the release of new product images and a consumer FAQ for Wocket™ which is set to launch this year. Wocket™ is a smart wallet much like the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Answering consumer question number one, "Why buy a Wocket™? ", the FAQ tells us "Wocket™ replaces all the cards in your wallet. Wocket™ keeps all your information private while reducing the number of cards you have to carry with you. Wocket™ is smartest wallet you will ever own." Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. Up to 10,000 cards, records, coupons, etc. and up to 100 voice commands can also be stored on Wocket™ and more can be supported with optional additional memory. In terms of personal security, Wocket™ can assure consumers that private information cannot be accessed or stolen. A combination of voice biometrics, personal PIN or pattern provides multi-factor security for your Wocket™. Wocket™ protects whatever information is stored in it so that it cannot be released to any other individual or device without the user's permission. Addressing competition in the digital wallet market, NXT-ID notes in the FAQ; "Rather than replace a wallet as many 'digital wallet' technologies attempt to do, we chose to improve the wallet. Unlike other digital wallet solutions that depend on connectivity to choose a payment account, Wocket™ does not depend upon the cloud to select or make a payment." Other product feature announcements are pending as the Wocket™ launch rolls out but some of the unique features include: 1. Anti-tamper: Wocket™ contains certain anti-tamper components to protect certain secrets used within dynamic pairing authentication and encryption key generation. For instance, these probe-proof parts destroy themselves if probing is attempted as well as protect against man-in-the-middle and other type interrogations. 2. Custom categories: Private information is stored as "softcards" on the Wocket™. These softcards can be grouped via category names customized by the owner so that they are accessible very quickly via an organization method that best suits the owner of the data. 3. Voice cards: Although organization of softcards via user-customized categories enables users to find data faster, the fastest and simplest interface possible is to simply ask for the card. Our voicematch™ algorithm not only enables the user to ask for the softcard, but it also authenticates the owner of the information as he or she speaks. 4. Light Pipe: Wocket™ utilizes a new innovative light pipe technology to provide outstanding visibility even in the darkest environment. 5. Low-Power: Wocket's™ low power features include one of the lowest power touch interfaces and voice processing solutions in the world, providing long-lasting battery life. 6. No charge needed: Unlike many other devices that require a recharge, not only does the Wocket™ provide long battery life, but Wocket™ utilizes replaceable CR-2032 batteries commonly found at any retail store." The full product FAQ is available to consumers and media at: www.thewocket.com/ and www.wocketwallet.com/. Interested consumers can also sign up for product info and news alerts in anticipation of the product launch. About NXT- ID Inc. - Mobile Security for a Mobile World: NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. www.thewocket.com/, www.wocketwallet.com/NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition www.nxt-id.com/, 3d-id.net/ |
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Post by joecoffee on Feb 11, 2014 8:53:03 GMT -5
Radio interview on TheHousingHour.com with Kevin Rhea  www.thehousinghour.com/general/wocket/The World of Wallets is about to change!  The Wocket: Special Guest: David Tunnell, co-founder and chief architect The world of wallets is about to change. New exciting technologies are making payments easier than ever. However, many credit card holders either do not possess a smartphone or will be reluctant to use their smartphone for mobile payments due to a variety of reasons. Rather than depend on a potentially unreliable cell phone, NXT-ID introduces a truly next generation digital wallet: the wocket™. This unique technology takes a very different approach: Instead of replacing the wallet, we are improving it! Our innovative wocket™ reduces the number of cards in your wallet while supporting virtually every payment method currently available at Point-of-Sale (POS) at retailers around the world including magnetic stripe, EMV/NFC and barcode…all within a secure vault within your wallet. Now you can use the wallet you know and love, but with the wocket™ advanced secure electronic wallet technology from NXT-ID. Website: www.thewocket.comMobileBio™ wocket™ David Tunnell Bio: David Tunnell is an expert in biometrics, secure communications, and wearable technologies. With over 29 years of experience in building technologies and companies, Mr. Tunnell’s experience spans computer security (COMSEC), signal intelligence (SIGINT), communications intelligence (COMINT), and image intelligence (IMINT). An advocate of privacy and co-founder of NXT-ID, Inc., an early stage technology company, Mr. Tunnell is leading NXT’s efforts to redefine how private information is protected within mobile applications. As the chief architect of the Wocket™ smart wallet, Mr. Tunnell is focused on developing technologies with high potential to disrupt industries such as the mobile payment industry with innovative methods that protect privacy. Mr. Tunnell’s accomplishments include the Technology of the Year award from Frost & Sullivan for biometrics in 2006 and inventor of a Top Ten Invention for the US Army in 2004. Blessed to work with some of the most inventive engineers and scientists, Mr. Tunnell has pioneered a number of technologies including remote distributed sensing and processing, 3D facial recognition and imaging, 3D fingerprint, voice recognition, dynamic biometric-enabled authentication and encryption key generation, and miniature, low-power wearable technologies. Mr. Tunnell brings a wealth of product development and product marketing experience to NXT-ID, Inc. He was the divisional director of 3D identification products at Technest Holdings Inc. from 2003 to 2012. Prior to Technest, he served as an adjunct faculty teaching various advanced technology courses at the National Cryptologic School while working with various intelligence agencies and later at L3 Communications where he served as Director of Engineering for a subsidiary. He has also served as the Principle Investigator for numerous research programs with the United States Department of Defense (DoD). Mr. Tunnell holds a Masters in Technical Management (MSTM) from Johns Hopkins University and a BSEE from the University of Tennessee. |
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Post by joecoffee on Mar 17, 2014 12:38:22 GMT -5
NXTD $4.30 Article just out in TodaysEngineer.com www.todaysengineer.org/2014/Mar/career-focus.aspBiometrics By John R. Platt "On the cusp." That's how almost everyone I spoke with described the biometrics industry, which seems poised for massive growth over the next few years. Why is that? Biometrics — the ability to automatically identify people by their physical characteristics or other traits — has been around for years, most notably in security applications, but Apple's recent addition of a fingerprint scanner to the iPhone 5 has kicked off a wave of new interest in biometric applications for consumer devices. As a result, Rawlson King, contributing editor of the news site BiometricUpdate.com, says "I think we're about to see an explosion in the industry." Art Stewart, vice president of the biometric products division at Synaptics, agrees: "We're in a massive period of growth compared to the past 10 years," he says. It's not just consumer products: there are still plenty of brand-new applications for biometrics that could be rolled out over the next few years. "There's a lot of interest in biometrics because biometrics offers a one true way to know you are who you say you are," says David Tunnell, CTO of NXT-ID. "Even though people have been working on biometrics for several decades, there's still a lot of room for innovation." As with any industry experiencing growth, the companies and organizations involved in biometrics are looking for employees to help take the technologies to the next levels. But rapid growth also means risks. In some cases companies are still figuring out how to reach consumers with biometrics applications, while consumers themselves are still figuring out if they want to embrace these new technologies. A Truly Multidisciplinary Field The broad term "biometrics" actually refers to an incredibly wide range of applications, including (but hardly limited to) surveillance, voice verification, iris verification, facial recognition, fingerprint recognition, smart cards, network access, software, criminal IDs and much, much more. Developing the technologies to enable all of these applications requires people from a wide range of disciplines. "It can span everything from electrical engineering to computer science to mechanical and system engineering," Tunnell says. The field also needs people to write algorithms, come up with interfaces or the sensors, develop security protocols, worry about the legal ramifications of the technologies and applications, and understand the biology of the people who are being verified in the first place. Understanding exactly how the technologies will be used in the real world — in "CSI"-style forensics, for example — is also an important piece of the puzzle. Creating technology that taps so many varied skills requires assembling a team capable of working together. "Collaboration is valued maybe a little more in this profession than in others," Tunnell says. "You need good sensor people. You need people who love algorithms. You need people who love the mechanicals and very strong software engineers, and then some hardware engineers for the integration. All the disciplines are important." So, too, are the interpersonal skills that will help all of these people work together. Getting In Because the field employs so many disciplines, people can make the most of the passions as they start working in biometrics. "You can carve out your own specialty," says Arun Ross, associate professor at Michigan State University and vice president of education for the IEEE Biometrics Council. "If you are interested in sensors you can focus on developing biometric sensors. Others might be experts in image processing or computer vision." Still others might concentrate on the end-use that interests them the most, for example, applications in healthcare or in homeland security. In fact, the experts I spoke with don't expect many people to enter the field with specific "biometrics" degrees. Instead, "you're coming out of school with a discipline such as digital or analogue design and using that toolset to create methodologies of imaging a fingerprint or scanning an iris or something like that," says Stewart. Even if you didn't set out to go specifically into biometrics, you can still gain the experience necessary to get into the field, often in the comfort of home. "The great thing about biometrics is that everyone's got a camera," Tunnell says. "There's not a very high barrier to entry. Buy a sensor and play with the hardware or the algorithm." After that, he says, "you can pretty much insert yourself in at any level and gain experience in that way." King suspects that many of the people just entering the field won't be biometrics experts on their first day. "The labor force won't be quite ready for these jobs," he says. "This type of work will require a lot of on-the-job training or exposure or experience." As a result of this, he says "we can foresee somewhat of an employment gap within the sector," which may actually create opportunities for people to enter the field and grow within it. What's Coming Next? Although a lot of research into biometrics will continue to be conducted in academia, it will fall to industry to commercialize the technology and applications, especially for consumer electronics. "You're going to have to have somebody figure out the application, make it at the price point, and then be able to gain massive opt-in through making the technology a value-add in peoples' lives," says Tunnell. King points out that some companies already have the technology in place but haven't quite figured out how to market it to a broad audience yet. "That's a big focus of these companies right now," he says. There are some risks to the field. For one thing, biometrics devices raise some consumers' hackles so there may yet be barriers to consumer acceptance. "There's a perception barrier that everyone's watching everybody else," Tunnell says. Fear of Big Brother or misuse of biometric data remains a fear in many minds, something the industry will need to turn around. In addition, Ross points out that biometrics have entered the consumer electronics market at a slower rate than expected, which has slowed the industry's growth to a degree. "A compelling case has not been made yet as to why we need to replace traditional authentication methods," he says. But King thinks that it won't take long before consumers adopt biometrics. "Then you'll really see an explosion in the industry." Meanwhile, the technology will continue to evolve and improve. "We want to ensure that a fingerprint placed on a sensor is a live fingerprint," not a piece of plastic, Ross says. "We also want to be able to combine multiple biometric traits to improve recognition performance." Methods will also need to be developed to search databases consisting of millions of records so these technologies work quickly and accurately, and in ensuring that these records are secure. "There are a myriad of problems that are yet to be solved in this field," he says. Most of the work being done in biometrics right now is with mid-sized to large companies. "It requires probably a larger amount of capital than a lot of startups can obtain," King says. All the same, the industry is likely to consolidate as it moves forward. There have already been several mergers in the past year, and King says "our feeling is that you'll see a lot of acquisitions" as the major consumer electronics companies absorb existing know-how. As we have seen in other industries, this could result in layoffs somewhere down the line. But despite the risks, the experts I spoke with all had high expectations both financial growth and employment in biometrics. "It's one of those areas where there will be a tremendous demand for jobs, especially in the future," says King. |
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Post by joecoffee on Apr 1, 2014 9:37:35 GMT -5
Increased Mobile Payment Security Solutions Making Advancements - Innovative Smart Wallet Technology Readies for Launch Mobile Payment Industry Continues To Evolve as Security Measures Increase  finance.yahoo.com/news/increased-mobile-payment-security-solutions-134200749.htmlToday's Biometrics sector is populated with companies striving to improve mobile payments platforms and security moving quickly to focus on consumer protection: NXT-ID, Inc. (OBB:NXTD) , MasterCard Incorporated (NYSE:MA) , Visa Inc. (NYSE:V) , Google Inc. (NASDAQ:GOOG) and Apple Inc. (NASDAQ:AAPL) NXT-ID, Inc., (OBB:NXTD) a biometric authentication company focused on the growing m-commerce market, announces the first corporate launch event and press conference for its next generation smart wallet, Wocket™, designed to replace all the cards in your wallet. The event will take place in New York City on May 28th. The marketing event and press conference will give consumers and media a first-hand look at the Wocket™ Smart Wallet, the Wocket™ Card, its new logo and brand images, new consumer video and new packaging. Following the event, consumers will be able to pre-order Wocket™ online. To read the full press release, please click here: www.fnmprofiles.com/profiles-nxtd.htmlFirst consumer videos will be released online mid- April, prior to the event .The location and time for the press conference and launch to be held in New York will be announced shortly in upcoming marketing press releases. "At a time when smartphones are stolen and hacked daily, consumers are concerned about storing all their payment information and identity on their phone. Wocket™ will evolve as the payment industry evolves. Wocket™ is just the beginning of our MobileBio™ suite of products that include technologies for data encryption to further reduce credit card fraud similar to that recently experienced by Target and other retailers. Future versions of Wocket™ will include a wider range of communication technologies, such as 4G and NFC, protected by our proprietary encryption technologies " Wocket™ is a smart wallet in the same vein as the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. The Wocket product FAQ is available to consumers and media at nxt-id.com/wocket-faq/According to reports, MasterCard Incorporated (NYSE:MA) and Visa Inc. (NYSE:V) are both in favor of finding a solution to increase payment security, having imposed an October 2015 deadline for U.S. Banks and merchants to implement the smart card technology, similar to that of the Wocket™ smart wallet, which is used heavily in Europe, Asia and Canada. "The recent high-profile breaches have served as a catalyst for much-needed collaboration between the retail and financial services industry on the issue of payment security," Ryan McInerney, president of Visa Inc., said in a statement this month. MasterCard is "aware of and investigating" reports of a potential breach, spokesman Seth Eisen told The Los Angeles Times. He said the company was communicating with its customers but could provide no details on information that may have been compromised or how many cardholders may be affected. Read the full story at phys.org/news/2014-03-credit-card-companies-ways-payment.htmlGoogle Inc. (NASDAQ:GOOG) also continues to improve its smart wallet technology, as Jason Oxman, CEO of the Electronic Transactions Assocation (ETA), called it an area with a potential for big growth. According to Kyle Spencer of Seeking Alpha, Apple Inc. (NASDAQ:AAPL) also appears to possibly be gearing up for an entrance into the world of mobile payments as the company recently reported on a collection of recent patents that appears to point to a massive rollout of an Apple payments system to rival PayPal. |
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Post by joecoffee on Apr 16, 2014 10:39:11 GMT -5
NXT-ID, Inc. Announces CNBC Ad Campaign for Wocket(TM), Its Next Generation Smart Wallet Ad Campaign to Begin Prior to the May 28th Marketing and Press Conference at the Plaza Hotel in New York SHELTON, CT--(Marketwired - Apr 16, 2014) - NXT-ID, Inc. (OTCQB: NXTD), a biometric authentication company focused on the growing m-commerce market, announced today that it will be featuring its next generation smart wallet, Wocket™, designed to replace all the cards in your wallet in a CNBC ad campaign starting in May. The add roll-out will commence prior to the previously announced May 28th press conference and marketing event to held at the Plaza Hotel in New York City. The ad campaign will focus on Wocket™'s launch and its potential to revolutionize the payment industry. Wocket™ is a smart wallet in the same vein as the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. and 100 voice commands can also be stored on Wocket™. Mr. Gino Pereira, CEO of NXT-ID, Inc., said in regards to the upcoming ad campaign, "According to Travelers Insurance Company, 44% of all identity theft in the United States stems from a lost or stolen wallet. Approximately 12 million people a year fall victim to identity fraud. Wocket™ is the solution to this epidemic. Wocket replaces your existing wallet and stores all the cards that you own in a secure environment and utilizes one dynamic card to represent all your cards." Starting dates and air times for the ad campaign on CNBC will be announced shortly. The May 28th event will introduce Wocket™, its new brand identity and marketing roll out. Media and shareholders wishing to attend the May 28th event can email info@nxt-id.com Wocket Consumer FAQ: "What is Wocket ™? Wocket™ is a smart wallet. Like the smart phone and smart watch, NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. "What does Wocket™ do? Wocket™ locks all of your private information in an electronic "vault", where only an authenticated owner can authorize access to the data. Thus, you can "lock it with Wocket™ in your pocket", protecting your private information from unauthorized access. "What makes Wocket™ smart? Wocket™ smart wallet protects all of your private information inside an electronic vault while reducing the number of cards in your wallet. Dynamic pairing for authentication and encrypted data transfer with other secondary devices along with a plethora of new, innovative features makes Wocket™ the smartest wallet ever devised. "How is Wocket™ different from other smart card solutions? Wocket™ is not a smart card - it is a smart wallet. Thus, it can communicate with smart cards, but is not limited in the number, type, or method of communication of private information that typically restricts the use of a smart card. Furthermore, Wocket™ is not dependent on proximity or any other external factors to secure and choose soft-cards containing private information. "How is Wocket™ different from other digital wallet solutions? Rather than replace a wallet as many "digital wallet" technologies attempt to do, we chose to improve the wallet. Unlike other digital wallet solutions that depend on connectivity to choose a payment account, Wocket™ does not depend upon the cloud to select or make a payment. "Does Wocket™ require another device, such as a cell phone? No. Although Wocket™ does not require any other peripheral for security or "proximity sensing", Wocket™ can authenticate with secondary devices prior to transaction as an additional step in security as well as utilize a Wocket™ app on other devices to select or manage a soft-card, all without revealing private information. "How do I access my private information? A combination of biometrics, personal PIN or pattern provides multi-factor security for your Wocket™. Once Wocket™ verifies your identity, you can simply select whatever soft-card or information you want from the touch screen display, or in some configurations, your voice command. "How many cards can be securely stored on a Wocket™? Up to 10,000 cards, records, coupons, etc. and up to 100 voice commands can also be stored on Wocket™. More can be supported with optional additional memory. The full Wocket product FAQ is available to consumers and media at nxt-id.com/wocket-faq/Interested consumers can also sign up for product info and news alerts in anticipation of the product. Pre-ordering will be available following the May 28th event. www.thewocket.com/, www.wocketwallet.com/About NXT- ID Inc. - Mobile Security for a Mobile World NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. www.thewocket.com/, www.wocketwallet.com/NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition www.nxt-id.com/, 3d-id.net/ |
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Post by joecoffee on Apr 30, 2014 14:27:42 GMT -5
NXT-ID, Inc. Offers a Limited Edition "Signature" Wocket(TM) to Shareholders of Record and Announces Retail Pricing
Early Adopters and Shareholders Can Advance Order Biometric Smart Wallet at www.Wocketwallet.com after May 28th Marketing and Media EventNXT-ID, Inc., (OTCQB: NXTD) a biometric authentication company focused on the growing m-commerce market, is pleased to announce the company is offering a limited edition "Signature" Wocket smart wallet to its shareholders. Shareholders of record owning at least 100 shares as of May 23rd, 2014 that advance order, and pay for, a Wocket on the website www.wocketwallet.com between May 28th and June 15th, 2014 will be sent a special limited "Signature" edition Wocket. The company also announced today that the retail pricing for Wocket will be $149.99. NXT-ID is currently launching a marketing campaign for its smart wallet, Wocket™, which is designed to protect your identity and replace all the cards in your wallet, no smart phone required. A series of CNBC ads will start airing during prime-time hours commencing the week of May 12th, followed by a press conference and marketing event for media and shareholders May28th at the Plaza Hotel in New York. Advance ordering will be available online following the event. Additional marketing will include online and print ads for Wocket's launch. "Some of the largest, most successful companies have implemented similar opportunities to share the benefits of their companies with their shareholders. This is a way for us to thank our shareholders that believe in our next generation technology," said Gino Pereira, CEO of NXT-ID, Inc. "We believe can change the whole wallet industry. The wallet is the last bastion of the pre-digital age. We intend to change that by providing a modern smart wallet that is both comfortable and convenient to use, all the while protecting your identity and assets; it's your personal vault." Wocket™ is a smart wallet in the same vein as the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. and 100 voice commands can also be stored on Wocket™. Media and shareholders wishing to attend the May 28th Plaza Hotel event ( from 3:00 to 5:00 P.M.) can email info@nxt-id.com and request to be added to the limited guest list. Interested consumers can also sign up for product info and news alerts in anticipation of the product. Advance ordering will be available following the May 28th event at www.wocketwallet.com/The Wocket product FAQ is available to consumers and media at: nxt-id.com/wocket-faq/About NXT-ID Inc. - Mobile Security for a Mobile World:
NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. www.wocketwallet.com/NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition www.nxt-id.com/, 3d-id.net/
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Post by joecoffee on May 29, 2014 11:16:28 GMT -5
High-tech Wocket smart wallet revealed as latest weapon against identity theft www.nydailynews.com/new-york/high-tech-wallet-revealed-latest-identity-theft-defense-article-1.1809756#ixzz337UCBtYLThe Wocket, which stores up to 10,000 credit cards, can only be activated with voice recognition, a PIN or a shape drawn on a touch pad, having it impossible for thieves to crack. Read more: www.nydailynews.com/new-york/high-tech-wallet-revealed-latest-identity-theft-defense-article-1.1809756#ixzz337ZObgG1A high-tech wallet that stores up to 10,000 credit cards was touted Wednesday as the latest weapon against identity theft. NXT-ID unveiled its $149.99 Wocket at a lavish, open-bar press conference at The Plaza hotel. Slightly smaller than an iPhone, the Wocket is an encryptic, tamper-proof gizmo that can only be activated with voice recognition, a personal identification number or a shape drawn on a touch pad. If it’s ever stolen, thieves will find it impossible to crack, said Gino Pereira, the CEO of Shelton, Conn.-based NXT-ID. The device contains a single card for merchants to swipe after owners select a credit card, coupon or gift certificate. “It’s the smartest wallet you will ever own,” Pereira said. “We think this is the evolution of smart. First there was smart watches, then smart phones and now a smart wallet.” Read more: www.nydailynews.com/new-york/high-tech-wallet-revealed-latest-identity-theft-defense-article-1.1809756#ixzz337Zdf6Eg |
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Post by joecoffee on Jun 10, 2014 13:10:52 GMT -5
WOCKET news this afternoon! NXTD! More Protection with NXT-ID's Wocket™ Smart Wallet; Securely Store All Your Passwords in Your Own Personal Vault finance.yahoo.com/news/more-protection-nxt-ids-wocket-160400362.htmlNXT-ID, Inc. (NXTD), a biometric authentication company focused on the growing mobile commerce market, revealed today its Wocket™ Smart Wallet will include a password storage feature, further demonstrating the versatility of Wocket™ to store and protect a wide range of private information. With this password list feature, Wocket™ owners can store and securely access all their login credentials such as usernames and passwords on a Wocket™ in addition to payment, loyalty, identity and other cards typically held within a wallet. Users will be soon be able to utilize Wocket™ for secure, biometrically locked, password storage in lieu of similar online solutions where data is at risk.  "Passwords continue to be a difficult issue for consumers. 2013 was clearly the "Year of Personal Data Breach", with 110 million credit and debit card account numbers lost to hackers by Target alone," says David Tunnell, CTO of NXT-ID. "Heartbleed and other security vulnerabilities demonstrate the need for a new method for consumer's to protect their private data. Users all over the world utilize online password storage services to store thousands of passwords behind one master password. If a hacker were to gain access to that one master password, they would gain access to all the user's passwords. That is the root of the problem with online storage of private data." Wocket™ enables users to store and encrypt their passwords locally, and securely inside their own smart wallet. Wocket™ owners will also be able to store other sensitive information such as Social Security Numbers and insurance cards on Wocket™ instead of online servers and applications where their identity is potentially vulnerable. Wocket™ is a smart wallet in the same vein as the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. and 100 voice commands can also be stored on Wocket™. Advance ordering is available at www.wocketwallet.com/The Wocket product FAQ is available to consumers and media at nxt-id.com/wocket-faq/ About NXT-ID Inc. - Mobile Security for a Mobile World NXT-ID, Inc.'s (NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. www.wocketwallet.com/ |
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Post by joecoffee on Jul 16, 2014 12:32:39 GMT -5
Wocket Smart Wallet challenges your bulky dumb one www.technologytell.com/gadgets/148134/wocket-smart-wallet-challenges-bulky-dumb-one/Want to know what has been and continues to be a hot item? Wallets. Search around on Kickstarter, past and present, and you’ll find an abundance of successful projects made of metal, leather, plastic, or cloth. The unifying aspect of most of these wallets is the slim design, intended to reduce bulk. People are totally into it – no one should have a hamburger of a leather wallet in the seat of their pants. If you want to go one step further in maximizing wallet potential while minimizing size, the Wocket Smart Wallet is accepting pre-orders right now. The beauty about the Wocket Smart Wallet is how it equally tugs at wants and needs. You want a new piece of tech to simplify your daily routine, and you need to stay on top of keeping personal information secure. Wocket Smart WalletSure, there are app-related digital wallets that can pay via your NFC-enabled smartphone with a compatible point-of-sale (POS) terminal. But those are still fairly rare. The Wocket Smart Wallet is completely independent of your smartphone, and it slides payments like your regular credit cards do. The touchscreen lets users find the right information quickly – full card numbers, CVV, and expiration dates can be shown too. Wocket doesn’t just hold your collection of credit cards. You can store loyalty cards, gift cards, identification, debit cards, coupons, medical cards, and insurance information. Quite literally, the Wocket Smart Wallet is a true wallet replacement, but better. Users will have that peace of mind, knowing their information is more secure with Wocket than in their physical wallet or on their smartphone. All data is stored on a tamper-resistant chip on the Wocket. There’s no cloud or wireless connectivity to worry about. Access to this smart wallet is performed by voice, pin, or pattern. The Wocket’s dynamic magnetic stripe zeroes out immediately after every use, so even if someone did steal it, it would be as useful to them as a Monopoly Credit Card. Click here to find out more information or to pre-order a Wocket Smart Wallet. Orders are estimated to start shipping September 2014. If you have a seriously ugly wallet, you can join their national competition called “Show Me Your Wallet” for prizes. Check their Facebook page on July 18th for more details. |
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Post by joecoffee on Aug 18, 2014 10:24:45 GMT -5
Five-Time World Champion Boxer Vinny Paz Shares Thoughts About Upcoming Movie, 'Bleed For This' (Executive Produced by Martin Scorsese and Starring Miles Teller), Boxing, God and What's Next Paz photos released for celebrity ad campaign "Wocket in Your Pocket" and Vinny talks about new wine venture  www.prnewswire.com/news-releases/five-time-world-champion-boxer-vinny-paz-shares-thoughts-about-upcoming-movie-bleed-for-this-executive-produced-by-martin-scorsese-and-starring-miles-teller-boxing-god-and-whats-next-271660711.htmlNEW YORK and POINT ROBERTS, Washington, August 18, 2014 /PRNewswire/ -- - "This whole thing started because I went to see a movie called Rocky when I was 15 and that's why we're making 'Bleed for This' in 2015" - Vinny Paz Investorideas.com (http://www.investorideas.com), a global news source covering leading sectors including sports stocks, issues an exclusive interview with former world champion boxer in the lightweight and light middleweight classes, Vinny Pazienza (PAZ). Vinny discusses his upcoming movie, 'Bleed for This' and what's next for his career. Vinny also talks about his recently released online photo ads for NXT-ID's (OTCQB:NXTD) Wocket smart wallet (http://www.wocketwallet.com), designed to replace all the cards in your wallet and discusses his plans for a new wine company.  Vinny's new movie 'Bleed for This' is executive-produced by movie icon Martin Scorsese and has some well-known names in Hollywood attached to it, including Miles Teller and Aaron Eckhart. 'Bleed for This' tells the true-life story of five-time, world champion Rhode Island boxer Vinny Pazienza, as he recovers from a near-fatal car accident that left him with a broken neck. He goes on to later win three additional world boxing titles, creating one of the most incredible comeback stories in boxing and sports history. Interview Q: Investorideas Vinny it's great to speak to you. I'm a big-time boxing fan and it's exciting to see your true life story come alive in a major motion picture. What does that mean to you, at this point in your life? A: Vinny Paz I feel very fortunate that I'm going to be the one that will inspire a lot of people and I'm just as excited as I can be. And I'm very thankful. Q: Investorideas What does it feel like to have movie legend Martin Scorsese attached to 'Bleed for This'? A: Vinny Paz It's amazing. At first I couldn't believe it. You know, I was just talking to a friend about how no-one knows for sure if there's a Greater Being upstairs. But it's something that is up there. It's helped me because I've been blessed. I've been down in the bottom of the ocean and I've been on the top of the mountain. And I've been blessed in both places. I've come out looking pretty good at times. So I'm leaning more towards the idea of God as I get closer and closer to this movie. Q: Investorideas Miles Teller is playing the role of Vinny Paz. Ironically, he survived a near-fatal crash and has come back to be a star. Do you think he can portray the man the world saw come back and train to fight again? A: Vinny Paz I've seen Miles a couple of times. I've seen him on talk shows. I've seen him in a couple of movies, and I think he's got the right swagger. I think he's got the moves to pull it off. Yes, I do. One of the reasons why Miles was attracted to this story is because he was in a car accident and almost died and they said he would never, ever be able to return to his full capacity ever again. And he said, "Don't tell me I can't, because I know I can". That was a real attraction at that point. We both went through the same things. Q: Investorideas Aaron Eckhart, a big name in the industry right now, is going to play the role of Kevin Rooney, the trainer that worked with you for the comeback. What do you think of that and what is the most important quality he needs to show the audience to be believable?  A: Vinny Paz I loved Kevin Rooney and there was mutual love back from him, so me and Kevin were really tight. Miles and Aaron need to have that kind of relationship and chemistry to pull it off. And I know they will; they're two of the greatest actors alive. Q: Investorideas So as your movie moves ahead, what are some of your favorite boxing movies out there? A: Vinny Paz Well, this whole thing started because I went to see a movie called Rocky when I was 15. That's the truth. And that's how we're making 'Bleed for This' in 2015. Q: Investorideas For new boxing fans, what is your signature power punch or combination? A: Vinny Paz I had a punch, an overhand right that I used to call the Melvin. It was because I knocked out this kid in the third round. He was a top ten fighter. I knocked him out with one punch over the top; you know, a wild punch. I wound it up and then threw it over the top - knocked this kid out. He went down face-first like a tree and ever since that punch, we call it the Melvin. That's my famous signature punch. Q: Investorideas So now that your name is back in the headlines and associated with some very famous Hollywood names, what's next for you? A: Vinny Paz A lot of people talk about and pitch reality shows to me and I don't want to do that because you have to overact. You have to go over the top. Q: Investorideas A fun part of the celebrity role is also doing some product sponsorships and ads. I hear you just had a product shot today with NXT-ID's (OTCQB:NXTD) Wocket, part of the celebrity 'Wocket in your Pocket' ad campaign? How did that go and what do you think of the idea of the Wocket smart wallet? (http://www.wocketwallet.com) A: Vinny Paz I think it's pretty wild how they come up with these tech things. I feel like such a prehistoric dinosaur. This Wocket is unbelievable. I can't believe they made this, it's great. I think the Wocket is going to be one of the biggest things in the world, in the near future. Q: Investorideas How would you compare your current wallet to the Wocket? A: Vinny Paz Well, my wallet is about five inches deep so I can't wait to use the Wocket. Q: Investorideas What other kind of products would you like to work with; boxing or sports or something different? A: Vinny Paz I definitely want to go outside of boxing. Everybody loves wine, you know and I'm no different. So I'm working on a new line of wine and we're going to call it "Five Times Better". I made sure that I loved the taste of it and I just think it's off-the-hook great! Q: Investorideas In closing, as a boxing fan and someone who has done the workouts just for fun, I appreciate the dedication and character it takes to be a boxer. To come back after your accident and train like you did, requires a different kind of man altogether; what drove you to do that? A: Vinny Paz It's just determination and persistence and it makes me think I'm not better than anybody. Nobody's better than anybody. But I'm different from most people. I was born from a different mold. And I had great parents. I had good genes. I used to say when I was fighting, "I'm tough as nails". I used to say "I'm tough as nails; I'm tough as steel and I bite nails for breakfast". Now, I bite tin foil. But you still have to be a little tough to do that. See Vinny Paz Bio: en.wikipedia.org/wiki/Vinny_PazSee Vinny Paz Wocket in Pocket photos on Facebook: www.facebook.com/wocketwalletLearn more about 'Bleed for This': www.imdb.com/title/tt1620935/ About InvestorIdeas.com: InvestorIdeas.com is a global news source for investors following leading business sectors including sports stocks, biotech, tech, mining, mobile, energy, water, defense and security, renewable energy, food and beverage stocks and Latin American stocks. Follow Investorideas.com on Twitter: twitter.com/#!/Investorideas Follow Investorideas.com on Facebook: www.facebook.com/InvestorideasSign up for our free news alerts: www.investorideas.com/Resources/Newsletter.aspBecome an Investorideas.com Member and use our online stock directories to research stocks - including biometric and mobile payment stocks and sports stocks: www.investorideas.com/membership/ |
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Post by joecoffee on Sept 25, 2014 10:38:40 GMT -5
Biometrics & Technology Resources Lead to Increased Revenue Generation for e-Commerce, e-Payment Services & Digital Wallets  www.marketwatch.com/story/biometrics-technology-resources-lead-to-increased-revenue-generation-for-e-commerce-e-payment-services-digital-wallets-2014-09-25Global tech solutions for e-commerce and m-commerce platforms become more consumer oriented as the top NASDAQ & NYSE Companies race to introduce latest improved products and services. Companies in focus today are: NTX-ID, Inc. NXTD, -2.04% Apple Inc. AAPL, -2.62% Alibaba Group Holding Limited BABA, -1.57% and GoPro Inc. GPRO, -1.00%  NXT-ID, Inc. NXTD, -2.04% a biometric authentication company focused on the growing mobile commerce market, issues the following marketing update for the Wocket(TM) smart wallet. The Company will be increasing its tactical and strategic marketing plans to spread consumer awareness as well as introduce Wocket and Wocket number encryption to financial institutions that issue credit and debit cards. The Company also intends to start a merchant education program about the many convenient and secure features of Wocket. Read the full NXTD release at: www.financialnewsmedia.com/profiles/nxtd.html The Company will be exhibiting at the upcoming 2015 International CES (Consumer Electronics Show(R)), the world's gathering place for all who thrive on the business of consumer technologies, to be held in Las Vegas, January 6-9, 2015. "CES has long been recognized as the showcase for the best innovations in electronics," said Gino Pereira, CEO of NXT-ID. "It will be a fitting coming out party for Wocket!" The Company has also resumed full national coverage of its 30 second ads on CNBC to commence starting September 29th. The ads will air on Squawk Box, Fast Money and Mad Money. In other e-Payment and e-Commerce News: Apple Pay could bring in anywhere from $300 million to $700 million in U.S. revenue in three to four years, depending on how fast Apple's AAPL, -2.62% share of credit-card transactions done with mobile phones grows, analysts say. Speculation over Apple's revenue generation from Apple Pay has continued since the iPhone 6 launch earlier this month. Apple's push into mobile e-payments isn't expected to power earnings growth, but Apple Pay could prompt more consumers to use mobile digital wallets. Banks, not retailers, will pay Apple. Apple Pay supports credit and debit cards from the three major payment networks: American Express AXP, -0.51% MasterCard MA, -1.64% and Visa V, -0.83% According to one report, Apple stands to garner 15 cents for each $100 in transactions. It may negotiate better rates from smaller financial companies, analysts say. Read More At: news.investors.com/technology/092414-718756-apple-pay-revenue-stream-analyst-estimates.htm#ixzz3EFuNIkJmAlibaba Group Holding Limited's BABA, -1.57% initial public offering was the world's largest, raising an estimated $25 billion and netting underwriters more than $300 million. With overwhelming demand for the shares, the stock surged nearly 40% in its trading debut on Friday, signaling renewed investor appetite in Internet stocks and renewed confidence in China's troubled equity market. Yahoo! Inc. YHOO, -2.03% could become a big winner if Alibaba's stock continues to see success. As an early financier of Alibaba, the company owns some 401 million shares in the Chinese e-commerce giant. Yahoo has already sold 27 million shares during Alibaba's IPO - netting it $7 billion in cash - but investors are now wondering what the plan is for the rest of the stockpile. Read more here: finance.yahoo.com/news/alibaba-brings-internet-sector-back-120000546.htmlGoPro Inc. GPRO, -1.00% develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content. The company offers HERO line of cameras; premium accessories, including battery BacPac, Wi-Fi remote, and LCD touch BacPac accessories; and mounts comprising equipment-based mounts, such as helmet, handlebar, roll bar, and tripod mounts that enable consumers to capture content while engaged in a range of activities, as well as mounts that enable customers to wear the mount on their bodies consisting of wrist housings, chest harnesses, and head straps. The company also offers other accessories that include spare batteries, charging accessories, cables to connect its GoPro cameras to televisions and monitors, video transmitters, external microphones, flotation devices, dive filters, and anti-fogging solutions, as well as accessories for the Wi-Fi remotes. On Wednesday, GPRO closed up 7.66% on over 11.6 million shares traded. FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at www.financialnewsmedia.com/. Follow us on Facebook: www.facebook.com/financialnewsmedia and Twitter: twitter.com/FNMgroup. |
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Post by joecoffee on Sept 30, 2014 8:39:15 GMT -5
News out on NXTD this morning! 2015 the WOCKET will be in retail stores! NXT-ID banking on smart wallet to start making profit next year  uk.reuters.com/article/2014/09/29/uk-nxt-id-ceo-idUKKCN0HO1R520140929Biometric security company NXT-ID Inc expects to turn profitable next year, Chief Executive Gino Pereira said, as the company rolls out a $150 (92.3 pounds) digital wallet as an alternative to new payment services such as Apple Pay.  With recent massive data breaches eroding trust in mobile and Web payments, Pereira said NXT-ID expected rapid adoption of its "Wocket" passcode- and voice-protected wallet. "Even if you take a small percentage of credit cards holders (in the United States) and multiply it by $150 you will see there is a multi-billion-dollar market that is available to us," he said in an interview on Sept. 23.  NXT-ID had said the previous day that it had raised an undisclosed sum to ramp up production of the Wocket. Since then its shares have nearly doubled, closing at $2.77 on Friday. The Shelton, Connecticut-based company, founded in 2011, reported a loss of $1.54 million and no revenue last year.  Apple Inc's embrace of wireless payment technology in its latest phones, tablets and smartwatches is expected to spur greater acceptance of digital payments. Merchants, however, will need to upgrade their terminals to accept payment through Apple Pay. NXT-ID's Wocket will work on existing terminals. The device - the size of a small calculator and with its own card inside - can store data on up to 10,000 debit, credit and loyalty cards. It has a six-month battery life. To make a payment at a store, a consumer has to activate a card stored in the Wocket, which will temporarily embed the data on its own re-programmable card. This card can then be swiped at stores like any other card. Data on the Wocket card will self-delete a minute after it is swiped, said Pereira, the largest shareholder in NXT-ID with a 42.71 percent stake. Nearly 8 million U.S. credit card users fell victim to fraudulent use of their cards in 2012, according to the U.S. government. (1.usa.gov/1ixlImY) Over the next two years, NXT-ID plans to add encryption and offer online protection through its digital wallet.  SoundView Research analyst Kris Tuttle estimated NXT-ID will sell about 40,000 digital wallets next year, rising to about 120,000 in 2016 and 600,000 in 2018. Tuttle said in a note on Friday that he expected NXT-ID to earn a net $9 million on revenue of $102.1 million in 2018. NXT-ID said the same day that full-scale production of the Wocket would begin in early 2015 after a slight delay. The company on Monday named Vincent Miceli as its chief financial officer - a position Pereira held along with his CEO role. |
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Post by joecoffee on Oct 9, 2014 14:09:38 GMT -5
NXT-ID Earns Buy Rating from Analysts at Benchmark Co. (NXTD)  Research analysts at Benchmark Co. assumed coverage on shares of NXT-ID (NASDAQ:NXTD) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $6.00 price target on the stock. Benchmark Co.’s target price points to a potential upside of 99.34% from the stock’s previous close..  Shares of NXT-ID (NASDAQ:NXTD) traded up 10.96% during mid-day trading on Thursday, hitting $3.34. 1,070,615 shares of the company’s stock traded hands. NXT-ID has a 52-week low of $1.36 and a 52-week high of $7.25. The stock has a 50-day moving average of $3.02 and a 200-day moving average of $3.70. The company’s market cap is $80.7 million.  Separately, analysts at Northland Securities initiated coverage on shares of NXT-ID in a research note on Tuesday, September 30th. They set an “outperform” rating and a $6.00 price target on the stock. www.mideasttime.com/nxt-id-earns-buy-rating-from-analysts-at-benchmark-co-nxtd/232546/ |
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Post by joecoffee on Oct 16, 2014 10:23:38 GMT -5
NXT-ID Inc. to Present at 13th Annual FiRe Conference NXT-ID Inc. to Present at 13th Annual FiRe Conference FiRe - "The best technology conference in the world" - The Economist finance.yahoo.com/news/nxt-id-inc-present-13th-120000128.htmlOctober 16, 2014 /PRNewswire/ NXT-ID, Inc. (NASDAQ:NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market announces that it will present its leading edge technologies including Wocket™, the Smart Wallet, at the 13th annual Future in Review® (FiRe) Conferenece. FiRe is a leading global conference on the intersection of technology and the economy.  Hosted by Mark Anderson, founder and publisher of the Strategic News Service™, the Future in Review® (FiRe) Conference exposes world experts and participants to new ideas in a manner that produces an accurate portrait of the future in technology, including the global economy, cloud computing, biology and medical diagnostics, policy, netbooks, space travel, sustainability, and other fields that contribute to technology outcomes. (Strategic News Service and the weekly SNS Global Report have been accurately predicting the technology industry's future since 1995.) Top officers of world-class technology-driven companies and global investors and policymakers attend the annual conferences. Gino Pereira, CEO of NXT-ID said," It is a great honor to be selected as a FiReStarter, one of only up to 12 companies chosen annually who, in the opinion of the Strategic News Service, are on the cusp of making great strides in improving our world." The 13th annual FiRe Conference will be held October 6th – 9th, 2015, at the Stein Eriksen Lodge, in Park City, Utah. More info: www.futureinreview.com/ Wocket™ is a smart wallet, the next evolution in smart devices, following the smart phone and smart watch. Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. can also be stored on Wocket™. Wocket™ is now available for advance ordering at: www.wocketwallet.com at a price of $149.99. About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD) (NXTDW): NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. www.wocketwallet.com/NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition www.nxt-id.com/, 3d-id.net/ |
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Post by joecoffee on Oct 20, 2014 10:19:59 GMT -5
Media Alert; NXT-ID Chief Technology Officer Comments on Technology Differentiation of Wocket vs. Apple Pay finance.yahoo.com/news/media-alert-nxt-id-chief-121500575.htmlNXT-ID, Inc. (NASDAQ:NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market issues a recent blog entry from Mr. David Tunnell, Chief Technology Officer. Mr. Tunnell breaks down Apple Pay in the first of many blog posts examining alternative payment methods in a compare and contrast with their upcoming smart wallet, Wocket. Excerpt: With Apple Pay releasing this Monday, critics and fans alike are flush with opinions on the new payment feature in the iPhone 6. Although cell-phone based digital wallet payment solutions promise a more convenient and secure way to pay, they have fallen short of expectations achieving very little traction in the payment industry. Stunted by low adoption rates with both consumers and retailers, cell phone based payment solutions leveraging NFC simply further fragment an already fragmented industry, with only new iPhone 6 owners and an estimated 5% of point of sale terminals in the United States currently able to support Apple Pay. Large retailers such as Wal-Mart, Target and Best Buy are not expected to accept Apple Pay due to their involvement in yet other mobile payment solution, MCX.
Wocket™ doesn't attempt to render the wallet extinct – but rather enhance it. We aren't trying to force a new payment method, but rather be agnostic, supporting any payment system that consumers desire. With a focus on privacy and security, Wocket™ is not just another payment solution, Wocket™ is instead positioned to become the cornerstone of all future payment technologies.
Wocket™ is the first and only smart wallet, unique to the industry, adding electronics to wallets that have been around, and by all accounts will continue to be around, for decades. Unlike cell phone dependent and connected technologies, Wocket addresses the weaknesses that have thwarted previous digital and electronic wallets:
• Wocket™ works without a smart-phone, disconnected from cloud-based services, and maintains all the features of a wallet within a secure personal vault, biometrically locked so only the owner of the information may gain access.
• Wocket™ works at all POS and ATMs, as well as provides a platform for future technologies such as secure wireless payments. You can't put your smartphone in an ATM!
• Unlike cell phones, Wocket™ provides the quickest possible way to access personal information as well as select payment accounts. With a battery life that allows for at least 6 months between charges, you will never be without a way to pay.
Wocket™ enables users to customize and carry whatever they need. It's truly the first universal and secure, payment solution.
As new payment technologies emerge, the fact remains that consumers will still carry a wallet to access ATMs, pay when their phone dies or loses signal, and checkout at locations that don't support NFC. Rather than a few hours of battery life between charges, an unprecedented minimum of 6 months can be achieved with typical use of Wocket™. In addition, Wocket™ is the only secure vault with a flexible platform that encompasses more than just a single payment method, and works everywhere you use your cards today.
Mr. David Tunnell, Chief Technology OfficerSee the full blog post: nxt-id.pr.co/87986-wocket-vs-apple-payThe full FAQ is also available at: www.wocketwallet.comWocket™ is now available for advance ordering at www.wocketwallet.com at a price of $149.99. About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD) (NXTDW): NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. www.wocketwallet.com. NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition www.nxt-id.com, 3d-id.net. |
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