NXT-ID to launch next generation electronic wallet ‘The Wocket’
NXT-ID, (OTCQB: NXTD) a biometrics company focused on the growing mobile commerce market, is planning to roll out its next generation wallet, The Wocket, during the first quarter of 2014.
The Wocket, which will be used wherever credit cards are accepted, has been designed to replace all the cards with a single, secure smart card.
The new electronic wallet, which can only be used with a biometric or touch screen authentication, supports most payment methods currently available at a point-of-sale (POS) at retailers, globally.
NXT-ID said that its Wocket will replace all the cards in a customer’s wallet with one single re-programmable card within a secure biometric vault.
Users can access it with security on the touch screen or through voice authentication biometrics and can choose the card according to their wish to use.
In order to abolish the fraud risk, the wallet does not retain any personal information on the magnetic stripe.
The Wocket features include easy and direct plugging of card reader, removing of card information after every transaction, works without phone and is capable to hold approximately 100 cards, records, coupons, etc.
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. 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 http://www.nxt-id.com/ , http://3d-id.net/
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