NXT-ID Patents Methods to Add Electronics to Make a Wallet Smart


NXT-ID Patents Methods to Add Electronics to Make a Wallet Smart


https://finance.yahoo.com/news/nxt-id-patents-methods-add-145300975.html

NXT-ID, Inc. (NXTD), a biometric authentication company focused on the growing mobile commerce market, announced today that it has submitted a patent application for methods to integrate intelligent systems into a wallet to form a smart wallet. This patent primarily discusses mechanical methods and approaches to add electronics to turn average wallets into smart wallets and follows an earlier patent submission by the Company for a method to replace traditional payment and identity management systems.

“This patent reinforces our intellectual property position in the mobile and wearable markets, especially in the area of smart wallets,” states David Tunnell, CTO of NXT-ID. “This invention details how various electronics, such as touch screens, buttons, batteries and microphones with voice recognition can be added to materials, providing tight integration that enhances wallet functionality.”

The patent also describes methods that achieve an accessorized wallet where multiple styles of wallets can be interchangeable to the base electronics.

“One of the key achievements of this invention is the ability to accessorize the wallet with various accessory options including methods to enhance the internal electronics as well as the outer appearance,” states David Tunnell. “This feature enables users to customize their wallet by simply replacing the accessory. Users can now have a minimalistic wallet accessory to go out on a run, for instance, and simply replace it with another accessory style for dinner later that night. We believe this achieves the world’s first “accessorized wallet”, and ushers in a new generation of intelligent smart wallets that not only act as a vault to protect personal information, but also act as a fashion statement for a variety of venues.”

Wocket™ is a smart wallet, the next evolution following 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™.

Wocket™ is now available for advance ordering at http://www.wocketwallet.com at a price of $149.99.

The full Wocket product FAQ is available to consumers and media at:
http://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. http://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 http://www.nxt-id.com/, http://3d-id.net/

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