Mobile Biometric Company NXT-ID, Inc. to Team With the John F. Welch College of Business at Sacred Heart University


Mobile Biometric Company NXT-ID, Inc. to Team With the John F. Welch College of Business at Sacred Heart University

Business School Students to Participate in Marketing Studies and Initial Testing of the Wocket(TM), NXT-ID’s Next Generation Biometrically Secure Smart Wallet

NXT-ID Inc., (OTCQB: NXTD), a biometrics company focused on the growing m-commerce market, announces it will be doing a joint project with students at the John F. Welch College of Business at Sacred Heart University in Fairfield, CT to assist with the marketing roll out of its next generation smart wallet, the Wocket™.

The Wocket™ is a new biometrically secure smart wallet designed to replace the traditional wallet and the number of cards consumers carry. Its dynamically programmable magnetic stripe, NXTCard can replace more than 100 cards and can include medical records, ID, coupons etc. that are currently kept in a wallet, with one single secure card.

In the initial phase of the project, students will research the market, the competition, and consumer trends related to the Wocket. The second part of the project will be primary research (surveys and focus groups) on the product, its features, possible marketing positioning and pricing and the final phase will be live on campus testing.

Sacred-Heart-University-Welcomes-Alumnus-Back-to-Board-of-Trustees.jpg“We are delighted to be announcing this collaboration with the John F. Welch College of Business,” said Mr. Gino Pereira, CEO of NXT-ID, Inc. “It is particularly relevant as one of our initial target group of customers for the Wocket are college students and campuses where there is a unique combination of open loop and closed loop payment systems combined with a particular need for security with access control to buildings.”

“We are looking forward to working with Nxt-ID and their innovative technology,” said Kwamie Dunbar, assistant professor of Finance at the John F. Welch College of Business. “This gives our students the type of real life hands on experience that the College prides itself on.”

On January 25, 2006, Jack Welch, the former Chairman and CEO of General Electric, gave an endowment and his name to Sacred Heart University’s College of Business, which is now known as the John F. Welch College of Business.

About the John F. Welsh College of Business:

PrintThe John F. Welch College of Business at Sacred Heart emphasizes core business skills and knowledge, communications skills, and ethics. We stress hands on learning, understanding of the global marketplace, and state-of-the-art technology. The College enrolls over 950 students in undergraduate and graduate degree programs and the faculty consists of more than 40 professors, who are recognized scholars and experienced practitioners in the business world.

About NXT- ID Inc. – Mobile Security for a Mobile World:

nxt-idNXT-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.

Visit The WOCKET website at: TheWocket.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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For more information: marketwired.com/mobile-biometric-company-nxt-id-inc-team-with-john-f-welch-college-business-sacred-heart

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Next Generation Gadgets & Biometrics Technology Setting Up For Strong Start in 2014 with Leading Edge Smart Wallet Platforms


Next Generation Gadgets & Biometrics Technology Setting Up For Strong Start in 2014 with Leading Edge Smart Wallet Platforms

CORAL SPRINGS, Florida, January 14, 2014 /PRNewswire

Mobile technology innovations pave way in 2014 as consumers go digital: NXT-ID, Inc. (NXTD), Apple Inc. (AAPL), NII Holdings (NIHD), Juniper Networks Inc. (JNPR) and ClickSoftware Technologies Ltd. (CKSW)

Digital-Money2014 will mark another year in which digital money continues to forge forward. NXT-ID (NXTD) is prepared to take full advantage of digital currency’s rising popularity, as the company will release its much-anticipated “smart wallet”, the Wocket in the first quarter of this year. The Wocket is a next generation platform that is designed to provide consumers with the convenience of packaging all cards in your wallet into one dynamic card. This includes debit, credit, loyalty cards, coupons and more. The Wocket will also avoid any assimilation obstacles, as it will work wherever credit cards are accepted.

To read the full press release, please click here: fnmprofiles.com/profiles-nxtd

The tenneeseean logo“It’s been heavily publicized that the U.S. is using outdated credit card technology,” wrote Julie May of the Tennessean. “But not for long, because digital wallets such as COIN and The Wocket® will be hitting the market in 2014. Digital wallets aggregate multiple credit cards and, in some cases, personal identification onto one card that can be used for purchases anywhere that accepts credit cards. They provide an additional level of security over current credit cards.”

NXT-ID, Inc.: 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. The Company’s first product is the Wocket™. 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://nxt-id.com/

macrumors 3MacRumors has discovered a batch of new Apple Inc. (AAPL) patent applications, included 17 published last Thursday, related to the use of Liquidmetal Technologies Inc. (LQMT) alloys. The applications cover button/switch pressure sensors, tamper-resistant screws, and touch sensor substrates, among other potential use cases. Liquidmetal shares, which made new 52-week highs last week before retreating, have rallied again on the pink sheets. Shares also moved higher in November in response to Apple patent applications covering Liquidmetal usage.

Nii holdings logoTelefonica (TEF) and NII Holdings (NIHD) have signed agreements whereby Telefonica will provide NII’s subsidiaries, operating under the Nextel brand in Brazil and Mexico, nationwide voice and data coverage services on Telefonica’s 3G wireless networks. When implemented, the agreements will expand the areas in which Nextel customers using 3G services in Brazil and Mexico can access voice and data services, supporting NII’s growth strategy. Both companies will work closely to implement the agreements as soon as possible. Telefonica and NII’s subsidiaries will continue to manage their spectrum and network assets separately to provide competing services.

elliott-management-logoElliott Management Corporation, which owns 6.2% of the common stock of Juniper Networks, Inc. (JNPR), filed a Schedule 13D and released a presentation Monday entitled “Juniper Networks: Elliott Management’s Perspectives,” available at http://www.new-juniper.com. “Juniper’s new CEO along with its existing management team and Board have a unique opportunity to immediately unlock significant value at the Company through three straightforward and much-requested courses of action,” said Jesse Cohn, Portfolio Manager at Elliott. “Investors and Street analysts have been calling for Juniper to implement these value-creation initiatives for years, and we believe the three-pronged approach laid out in today’s presentation would be very well received.”

clicksoftware_logo_CMYKClickSoftware Technologies Ltd. (CKSW), the leading provider of automated workforce management and optimization solutions for the service industry, announced that it expects record revenues of approximately $30.5 million in the fourth quarter of 2013, exceeding its guidance of $26 to $28 million. For the full year 2013 revenues are expected to reach approximately $103 million. Based on preliminary estimates of operating costs it is also expected that profitability will be achieved in fourth quarter of 2013. Cash, cash-equivalents, short and long-term investments continued to grow, increasing by about $2.3 million during the fourth quarter, reaching about $58 million as of December 31, 2013.

About The Wocket™:

The Wocket™ is a next generation designed to replace all the cards in your wallet without draining your cell phone’s battery; no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://thewocket.com/

About NXT- ID Inc. – Mobile Security for a Mobile World:

nxt-idNXT-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 and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

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For more information: wallstreet-online.de/next-generation-gadgets-biometrics-technology-setting-up-for-strong-start-2014

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Julie May: Credit Cards Becoming Extinct


Julie May: Credit Cards Becoming Extinct

With new technology released every day, will credit cards become a thing of the past, just as road maps, alarm clocks and encyclopedias have?

Digital wallets such as Wocket and Coin, which will arrive in 2014, are hinting at “yes.”

Digital wallets provide users a way to pay for purchases by swiping a card that holds personal information, such as your credit and debit cards, loyalty cards and gift cards.

starbucks-ios-app.pngWhile some apps, such as Starbucks, serve as digital wallets, they are typically single-purposed. For example, the Starbucks app allows me to maintain a credit balance for purchases at Starbucks only. I go into the coffee shop, order a grande latte, show them the bar code on my phone and, voila, the amount of my purchase has been deducted from my balance. That was pretty neat 18 months ago. Now, not so much.

Fast forward to 2014, when digital wallets will be in our pockets and purses. It was only a matter of time before plastic was going to be passe and apps would clutter our phones just as email does our inboxes. I’m not sure that is going away anytime in the next year, but I do know that payment using a digital wallet has the potential to make my life a little less cluttered. While not all of the details have been released, a peek under the tree is merited.

The Wocket

Enter The Wocket, a programmable card that stores up to 100 cards of any type — gas cards, credit cards, loyalty cards, etc. It also stores cash and bar codes and displays personal identification.

The Wocket, which will be available in the first quarter of 2014, can be used anywhere credit cards are accepted. It also uses near field communications (NFC) technology, which will allow it to pay for tolls on highways by simply waving it near the payment reader.

The card isn’t reliant on Internet or phone technology, so you don’t need an app or Bluetooth to use it. Instead, it uses voice recognition and biometrics, such as a thumbprint, to gain access to your credentials. Like a traditional credit card, Wocket uses a magnetic strip that is immediately erased until the next time you enter your biometric verification. The battery lasts two to four years, at which time you can replace the batteries without having to purchase a new Wocket.

coin-smart-card-3.pngCoin is a viable competitor to the Wocket but requires the use of an app. The Coin card can store up to eight credit or loyalty cards, while the Coin app — which will be available for iOS and Android platforms — can store an unlimited number of cards. You can switch out the cards on your Coin card via the app, but note that you can only pair one Coin card with your smartphone.

One of the greatest benefits of Coin is that, despite its size, it’s difficult to lose — and even more difficult for people to steal. Utilizing Bluetooth low-energy (LE) technology, Coin will send a message to your phone whenever the connection is lost. It will then disable your Coin card until you reconnect them. If you’re known for leaving things behind, Coin may be your new best friend.

coin-buyThe battery lasts up to two years, after which you will need to purchase a new Coin. Right now you can pre-order a Coin card for just $50. If you wait until the 2014 summer release, it’ll cost you $100. When you order early, your payment will help Coin fund its development and manufacturing until release. For that element of risk, they company is cutting you a deal. You can use your soon-to-be-extinct credit card to pay for your Coin.

So folks, with the introduction of digital wallets like Wocket and Coin, it doesn’t matter how deep the pocket — you can expect its weight to shrink in 2014.

About NXT- ID Inc. – Mobile Security for a Mobile World:

nxt-idNXT-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/

About The Wocket™:

The Wocket™ is a next generation designed to replace all the cards in your wallet without draining your cell phone’s battery; no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.

Visit the WOCKET website: TheWocket.com

Julie May is CEO of bytes of knowledge, which she founded in 1995 and has built into one of Nashville’s leading technology companies, providing digital media development and comprehensive IT services.

Visit bytes of knowledge online at: bytesofknowledge.com

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For more information: http://www.tennessean.com/article/20131222/BUSINESS/312220044/2264/BUSINESS04?gcheck=1

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Markets Poised for Healthy 2014 as Biometrics Makes Strides in Technology Sector – Company Strengthens Board with Industry’s Top Leaders


Markets Poised for Healthy 2014 as Biometrics Makes Strides in Technology Sector 

Company Strengthens Board with Industry’s Top Leaders

Tech leaders close out 2013 with beneficial internal moves and acquisitions:

NXT-ID, Inc. (otcqb:NXTD), Symantec Corporation (NASDAQ:SYMC) , Avago Technologies Limited (NASDAQ:AVGO) , Nuance Communications, Inc. (NASDAQ:NUAN) and Apple Inc. (NASDAQ:AAPL)

CORAL SPRINGS, Florida, December 18, 2013 /PRNewswire

home_wocket-768x432NXT-ID, Inc. (otcqb:NXTD) NXT-ID Appoints Two Former MasterCard Executives to Its Newly Formed Advisory Board And Shows First Images of the Biometrically Secure Wallet, The Wocket(TM). NXT-ID, a biometrics company focused on the growing m-commerce market, announces the appointment of two key advisory board members, Mr. Lawrence Flanagan and Mr. Ken Moy. The appointments from the card payment industry align with the company’s roll-out and 2014 launch of The Wocket(TM), a next generation biometrically secure wallet. “We are honored and excited to have two luminaries of the card payment world on our advisory board,” said Gino Pereira, CEO of NXT-ID, Inc. “Their experience is invaluable to our future prospects and growth for The Wocket(TM). We look forward to growing our advisory board over the next few months with equally talented and experienced individuals.”

To read the full press release: finance.yahoo.com/nxt-id appoints two former Mastercard Execs

NXT-ID, Inc. also released the first images of The Wocket(TM) on its corporate website and product website late last week. About The Wocket(TM) – The Wocket(TM) is a next generation designed to replace all the cards in your wallet without draining your cell phone’s battery; no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.thewocket.com/

symantec_corporation_logo.pngSymantec Corporation (NASDAQ:SYMC) has announced the recipients of the 2013 Symantec Research Labs Graduate Fellowship — Kai Ren, a Ph.D. candidate in computer science at Carnegie Mellon University, and Christian Rossow, a postdoctoral researcher at Vrije Universiteit Amsterdam in The Netherlands and Ruhr University Bochum in Germany.

avago-technologies-logo.jpgAvago Technologies Limited (NASDAQ:AVGO) and LSI Corporation (NASDAQ:LSI) recently announced that they have entered into a definitive agreement under which Avago will acquire LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion.

Nuance_Communications_logo.svg.pngNuance Communications, Inc. (NASDAQ:NUAN) has announced that Jetstar has launched a new virtual assistant called “Ask Jess” which is based on Nuance Nina Web, an intelligent virtual assistant that delivers a human-like, conversational customer service experience. Customers simply type to Jess, and Jess provides the answers.

apple-logo-bw.pngApple Inc. (NASDAQ:AAPL) has recently acquired patent number 8,610, 726B2 for its new technology of a built-in project for a computer. Jack Purcher states this invention could create a new category of computers, as it erases the need for a display inside the actual device itself.

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 http://www.financialnewsmedia.com for more details.

About The Wocket™:

The Wocket™ is a next generation designed to replace all the cards in your wallet without draining your cell phone’s battery; no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://thewocket.com/

About NXT- ID Inc. — Mobile Security for a Mobile World:

nxt-idNXT-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://www.3d-id.net/

For more information: marketwatch.com/markets-poised-for-healthy-2014-as-biometrics-makes-strides-in-technology-sector

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

NXTD’s new Pocket WOCKET article published at banking-business-review.com


Article released in banking-business-review.com on NXT-id’s new Pocket WOCKET

http://payments.banking-business-review.com/news/nxt-id-to-launch-next-generation-electronic-wallet-the-wocket-031213-4140483

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/

Visit the company website at: http://nxt-id.com/

Stay tuned for further announcements about the WOCKET at the company website at: http://thewocket.com/

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Today’s top Biometrics & Tech news updates for advancing eCommerce and Internet Leaders : NXT-ID (OTCQB: NXTD), Twitter TWTR, Facebook Inc. FB, Apple Inc. APPL and Microsoft, Inc. MSFT.


Today’s top Biometrics & Tech news updates for advancing eCommerce and Internet Leaders : NXT-ID (OTCQB: NXTD), Twitter TWTR, Facebook Inc. FB, Apple Inc. APPL and Microsoft, Inc. MSFT.

NXT-ID, Inc’s (OTCQB: NXTD), The Wocket(TM) contains a single secure smart card that can hold up to 100 cards and is designed to replace all the cards in your wallet. The Wocket(TM) works anywhere that credit cards are accepted and can only be used with your biometric or touch screen authentication. The Wocket(TM) is scheduled to come to market in the first quarter of 2014.

COIN, a company that puts eight credit cards in one COIN is taking pre-orders from consumers for delivery in the summer in 2014. Management believes believe Coin is a substantial improvement on how consumers interact with, and use cards that have a magnetic stripe.

As the two companies prepare for their roll-out in 2014, Investorideas interviews both CEOs to give consumers insight as to what will differentiate the products to the end user. InvestorIdeas is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors.

NXT-ID, Inc Interview:

Q: Investorideas What is the idea behind the wocket(TM)?

A: Gino Pereira, Chief Executive Officer of NXT-ID, Inc The wocket(TM) is our interpretation of everything a modern wallet should be. It has a single reprogrammable credit card within the wocket to allow secure payments to be made in a traditional manner but the wocket has other functionality too and will be able to display identification as well as hold cash just like a traditional wallet.

Q: Investorideas What is the battery life of the smart card in the wocket?

A: Gino Pereira, Chief Executive Officer of NXT-ID, Inc The smart card in the wocket is automatically recharged when it is in the wocket so it will never run out of juice! The wocket uses two CR batteries that need to be replaced every 2 to 4 years depending on frequency of use but they are inexpensive and widely available.

Q: Investorideas Does the phone need to be near for the wocket to work?

A: Gino Pereira, Chief Executive Officer of NXT-ID, Inc No. The wocket does not depend on a phone to work. In fact no confidential information in the wocket is ever passed through a phone or the internet. It is an important security feature.

Q: Investorideas What security features does the wocket have?

A: Gino Pereira, Chief Executive Officer of NXT-ID, Inc In order to access the wocket for use, the user must authenticate themselves through the use of a multi-factor voice biometric algorithm or through a unique identifier on the touch screen. As we have previously stated, no confidential information in the wocket is ever passed through a phone. The confidential card information is loaded directly on to the wocket through a scanner that has an input directly into the wocket. In addition after the card is used, the wocket zeroizes the magnetic strip meaning no information is retained on the card. If the card is lost there is no useful information on it. In fact purchasers can subscribe to an insurance plan with us so that if their card is lost we will replace it overnight and they can continue life as normal within 24 hrs.

Q: Investorideas What features does the wocket offer other than making credit card payments?

A: Gino Pereira, Chief Executive Officer of NXT-ID, Inc Any card with a magnetic stripe can be loaded on the wocket so debit cards, gas cards, supermarket cards and other loyalty cards can all be used. The wocket can also display barcodes and identity cards. The fact that the wocket is a smart wallet also means that future editions will be able to make touchless payments, often known as “touch and go,” and NFC capability means that you could even use it at to make EZ-pass payments while you are driving. Of course you will also be able to hold cash in your wocket as well.

COIN Interview:

Q: Investorideas I had read that the battery life of COIN is 2 years; is that correct? And if so what kind of usage is that based on in testing?

A: Kanishk Parashar, CEO of Coin COIN’s battery life is 2 years under normal usage. Normal usage is 10 swipes per day.

Q: Investorideas What happens if the phone battery dies? Does it still work?

A: Kanishk Parashar, CEO of Coin Coin uses the concept of a leash, when the phone battery dies, the leash breaks and Coin locks down and disables itself. Once this happens, users can manually unlock Coin using a single button passcode (similar to a morse code) and continue to use their Coin without their phone.

Q: Investorideas How do they get the credit info onto the phone app? How is it downloaded?

A: Kanishk Parashar, CEO of Coin Credit card info is downloaded to your phone app by first taking a picture of the front and back of your card, answering personal security questions and finally through a card reader dongle attached to your phone.

Q: Investorideas Have you tested the magnetic stripe with all kinds of payment cards? And can you say which ones?

A: Kanishk Parashar, CEO of Coin We have proven and tested the magnetic stripe with all kinds of payment cards such as Visa, MasterCard, and AMEX just to name a few, as well as other magnetic striped cards like loyalty cards, gift cards, and membership cards.

Q: Investorideas Does the phone need to be near for COIN to work?

A: Kanishk Parashar, CEO of Coin [As per question two] Coin uses the concept of a leash, when the phone battery dies, the leash breaks and Coin locks down and disables itself. Once this happens, users can manually unlock Coin using a single button passcode (similar to a morse code) and continue to use their Coin without their phone.

Q: Investorideas What stops someone that gets a hold of your COIN, from accessing all 8 cards you may have downloaded? For example what happens if it falls in the hands of either a customer service person or if you lose it or someone steals it?

A: Kanishk Parashar, CEO of Coin When you give your COIN to a customer service person or waiter, you can lock the card to avoid unwanted swipes from occurring. Additionally COIN will keep track of the number of times it is swiped and will alert you when actions are suspicious. When your COIN is lost or stolen, it will be disabled and inoperable as soon as it breaks connectivity with your mobile phone and will not function until it is manually enabled or reconnected to your phone.

Monday proved to be a mildly upbeat day for the tech sector, with Twitter Inc. flexing its muscles further after announcing a new method of targeting ads, and after the microblogging company joined several tech leaders in calling upon President Obama to push for tighter controls on governmental efforts to spy online. Twitter TWTR closed with a gain of $4.19 a share, or more than 9%, at $49.14 on Monday. Analyst Ken Sena, of Evercore Partners, said Twitter’s gains were likely “a follow-through from Thursday’s announcement” when the company unveiled “tailored audiences” , or new tools designed to better target advertisements on the company’s site.

Read the full article at:  http://www.marketwatch.com/story/twitter-gains-as-tech-leaders-call-for-curbs-on-spying-2013-12-09?siteid=yhoof2

Facebook, Inc. FB which operates as a social networking company worldwide, builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. FB closed up 1.88% on Monday trading over 35Million shares by the market close.

Apple, Inc. AAPL News: Global Equities Research’s Trip Chowdhry today writes that he has been approached by clients asking him what he makes of the rumored iPhone deal between Apple (AAPL -0.78%, news) and China Mobile (CHL -1.44%, news). As I mentioned this morning, The Wall Street Journal reported China Mobile will start taking pre-orders for the iPhone this week, the first time the carrier has ever officially offered the phone. Chowdhry, who has an Overweight rating on Apple shares, and an $800 price target, opines that details of the deal “are still sketchy,” and it remains to be seen what the price will be when the devices do go on sale.

Read the full story at:  http://blogs.barrons.com/techtraderdaily/2013/12/09/apple-may-sell-20m-iphones-on-china-mobile-says-global-equities/?mod=yahoobarrons&ru=yahoo

Microsoft, Inc. MSFT News: Microsoft watchers Mary Jo Foley and Paul Thurrott recently detailed a number of changes that could be coming in the next major version of Windows, something that Foley is hearing called “Threshold.” It could be heading towards our waters in 2015. Unsurprisingly, Threshold continues the trend of unification inside the Windows aegis. The platform becomes more tightly locked, with a common core sporting several faces, or SKUs. One, as described by Foley as “Modern,” is akin to Windows RT, and would focus on Windows Store apps.

Read the full story at:  http://techcrunch.com/2013/12/09/microsoft-could-bring-back-the-start-menu-in-the-next-version-of-windows/?ncid=txtlnkusaolp00000591.

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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/

Visit the company website at:  http://nxt-id.com/

Stay tuned for further announcements about the WOCKET at the company website at:  http://thewocket.com/

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Article in biometricupdate.com on the WOCKET!


NXT-ID unveils product features for biometric wallet device ahead of 2014 launch

Read more here: http://www.biometricupdate.com/201312/nxt-id-unveils-product-features-for-biometric-wallet-device-ahead-of-2014-launch

NXT-ID has unveiled some features users can expect from its soon-to-be-launched biometric wallet product, the Wocket.

According to NXT-ID, The Wocket is designed as a replacement tool for all of the cards people typically carry around in their wallet and adds a layer of security as it can only be activated with user biometrics or touch screen authentication.

Specifically, the Wocket is said to be a re-programmable card that supports most payment methods at POS retailers. Users can access their Wocket through voice biometrics or touch screen authentication, and according to the company, no personal information is retained on the Wocket itself.

Set to be launched in the first quarter of 2014, come of the functions and details NXT-ID has announced includes, a card reader that plugs directly into the Wocket itself, card information is erased after each transaction, dynamic mag stripe and QR code are accepted payment methods and it includes replaceable CR batteries.

Just last month, the company announced that it had ported its MobileBio Voicematch algorithm to the device, following the early completion of the voice biometrics algorithm.

In October 2013, NXT-ID filed a patent application for the Wocket.

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/

Visit the company website at: http://nxt-id.com/

Stay tuned for further announcements about the WOCKET at the company website at: http://thewocket.com/

Sign up for our free stock tips newsletter at: StockPumper.com & ViperStocks.com

Learn the Secret to making Winning Trades: Winning Trades

 

Leveraging Biometrics & Mobile Commerce Solutions Propels Industry Leaders – NXT-ID, FB, Google, Groupon, Vodafone


NXTD news this morning! November 13, 2013

Leveraging Biometrics & Mobile Commerce Solutions Propels Industry Leaders – NXT-ID, FB, Google, Groupon, Vodafone

Company Website: http://nxt-id.com/

http://www.prnewswire.com/news-releases/leveraging-biometrics–mobile-commerce-solutions-propels-industry-leaders—nxt-id-fb-google-groupon-vodafone-231728571.html

“Mobile identity infrastructure market will grow at a CAGR of nearly 17% over the next five years eventually accounting for nearly USD 12 Billion in revenues by the end of 2019”

Recently published research report details advancements for today’s emerging leaders in the mobile commerce and biometrics industries: NXT-ID (OTCQB: NXTD), Google, Inc. (NASDAQ: GOOG), Facebook (NASDAQ: FB), Groupon, Inc. (NASDAQ: GRPN) and Vodafone (NASDAQ: VOD)

On Tuesday (11/12/2013) – Respected Publisher of Market Research Reports, ResearchMOZ, issued an industry analysis report: Mobile Identity Infrastructure, Applications, and Services Market 2014-2019: Industry Size, Share, Growth, Trends and Forecast Research Report.

Driven by the growing surge for mobile interactions, mobile commerce and online digital purchasing, companies worldwide are investing in mobile identity infrastructure as an economically efficient solution fraud detection/prevention and identity theft issues. Leading Biometrics – M-Commerce industry leaders such as NXT-ID, FB, Google, Groupon and Vodafone, mentioned in the report, are leveraging network assets making mobile identity a high priority service for companies and carriers worldwide.

Click here to download the detailed report http://www.researchmoz.us/mobile-identity-infrastructure-applications-and-services-2014-2019-report.html

About NXT-ID Mentioned in the Report:

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.

NXT-ID also provides 3D FaceMatch Biometric Identity Systems, an identity management platform providing fusion of 3D facial recognition, 2D facial recognition, and optional fingerprint biometrics; and 3D SketchArtist, a 3D software face composite sketch tool that makes sketching a face.

Get all the exciting details regarding NXTD by reading all the recent breaking news headlines from this emerging biometrics company: http://finance.yahoo.com/q/h?s=NXTD+Headlines

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