The Wocket Hopes To Replace Your Wallet


The Wocket Hopes To Replace Your Wallet

The age of electronic wallets is officially here. First there was the Coin, now the Wocket by NXT-ID wants to replace all your credit cards. Scheduled to launch early 2014, The Wocket works anywhere a credit card is taken and can be used with your biometric or touch screen authentication acne select which card you want to use, which will then substitute that card in your wallet.

Your security is never compromised since it uses no personal information on its magnetic strop so the risk of fraud is reduced. It can hold about 100 cards, coupons, gift cards, etc. It can even hold medical records, IDs, rewards/loyalty cards and many more. Card info is erased after every transaction, too. The card reader plugs in directly to the Wocket and it fathers replaceable CR batteries in the Wocket with unlimited battery life via the in-wallet charging of the dynamic card. More info on how to pre-order yours on their site!

For more information: gadgetreview.com/the-wocket-hopes-to-replace-your-wallet

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.

The Wocket Has Been Unveiled To The Public


NXT-Id’s Wocket Has Been Unveiled For The First Time 

See the new WOCKET at: TheWocket.com

These industry developments increase our confidence and enthusiasm for the NXT-ID (NXTD) Wocket(TM) both as a digital wallet and a potential secure storage option for Bitcoins. The Wocket has a much more robust design in terms of security and usability. NXT-ID is an early stage technology company going after a large market. SoundView Technology Group points out that based on initial traction and a conservative intrinsic valuation (IV) model show a fair value of $11/share we see NXT-ID continuing to benefit from intensive investor attention to this space.

About the Soundview Technology Group:

New research note points to recent industry developments as important drivers to adoption of the upcoming NXT-ID, Inc. (otcqb:NXTD) Wocket(TM). Over 7 million consumers have watched a marketing video for a new digital wallet with a very limited feature set. Consumer interest in this product area is high and accelerating. The commercial development of new digital currencies like Bitcoin has continued despite extreme price volatility. Industry leaders from companies like PayPal have acknowledged the value and viability of the new currency. At the same time mainstream venture capital firms like Andreesen Horowitz have stepped up their efforts to find “major bets” to make in this new market.

To read more click here: http://www.fnmprofiles.com/profiles-nxtd.php

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/

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

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

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.

My name is Bombed, I mean Bond… James Bond…hic!


Doctors say James Bond has a drinking problem.

Vodka martini, “shaken not stirred” – is one of the most quotable lines from Bond.

Yet Her Majesty’s top secret agent’s love of the bottle would leave him impotent and at death’s door.

https://lh6.googleusercontent.com/-Lz-QiDdOvyg/UObB7A6DlTI/AAAAAAAAk3Y/VQB9I_q7Xpc/w800-h800/photo.jpg

Doctors analyzing the Ian Fleming novels show James Bond polishes off the equivalent of one and a half bottles of wine every day.

They say he is not the man to trust to deactivate a nuclear bomb.

Doctors in Derby and Nottingham sat down to read the 14 Bond novels in their spare time.

With a notebook at hand they charted every day and every drink.

Excluding the 36 days Bond was in prison, hospital or rehab, the spy downed 1,150 units of alcohol in 88 days.

https://i1.wp.com/passmeamineral.com/wp-content/uploads/2012/11/martini.jpg

It works out at 92 units a week – about five vodka martinis a day and four times the recommended maximum intake for men in the UK.

The doctors’ report in the festive edition of the British Medical Journal concluded: “Although we appreciate the societal pressures to consume alcohol when working with international terrorists and high stakes gamblers, we would advise Bond to be referred for further assessment of his alcohol intake.”

Patrick Davies, a consultant in paediatric intensive care at Nottingham University Hospitals, told the BBC: “You wouldn’t want this person defusing a nuclear bomb.

“He’s a very glamorous person, he gets all the girls and that’s totally incompatible with the lifestyle of an alcoholic, which he is.”

He said Bond would be classified in the “top whack” of problem drinkers and would be at high risk of liver damage, an early death and impotence.

“So he might be practising safe sex after all,” said Dr Davies.

From Russia with vodka

He also had a “Drink and Let Drive” habit after consuming 39 units in Casino Royale then crashing in a high-speed car chase and needing two weeks in hospital.

On his biggest bender, Bond had 50 units in a single day during From Russia With Love and only 13 days in all the novels were free of the sauce.

Charting James Bond’s drinking habits with age, he starts off drinking heavily in Casino Royale (1953) before seemingly starting to get his life in order as he heads towards Goldfinger (1959).

However, his intake starts to soar again and peaks at 132 units a week in You Only Live Twice (1964).

The researchers argue this may be a response to the death of his wife a year earlier in On Her Majesty’s Secret Service.

http://americaexplained.files.wordpress.com/2012/09/james-bond-vesper-martini.jpg

They say the study is light-hearted, and did not interfere with their day jobs, but raises an important message about alcohol.

Excessive alcohol consumption is thought to cause 2.5 million deaths every year around the world.

“The level of functioning as displayed in the books is inconsistent with the physical, mental, and indeed sexual functioning expected from someone drinking this much alcohol,” the doctors said.

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https://investorsnewsmagazine.files.wordpress.com/2013/12/88da6-jamesbondmartini.jpg

NXT-ID (NXTD) – Upcoming Release of Wocket(TM) Taps Into Ramping Demand for Digital Wallets and Currencies


NXT-ID (NXTD) – Upcoming Release of Wocket(TM) Taps Into Ramping Demand for Digital Wallets and Currencies

http://www.marketwired.com/press-release/nxt-id-nxtd-upcoming-release-wocket-taps-into-ramping-demand-digital-wallets-currencies-otcqb-nxtd-1861497.htm

 SoundView Technology Group: New research note points to recent industry developments as important drivers to adoption of the upcoming NXT-ID (OTCQB: NXTD) Wocket.

Over 7 million consumers have watched a marketing video for a new digital wallet with a very limited feature set. Consumer interest in this product area is high and accelerating.

The commercial development of new digital currencies like Bitcoin has continued despite extreme price volatility. Industry leaders from companies like PayPal have acknowledged the value and viability of the new currency. At the same time mainstream venture capital firms like Andreesen Horowitz have stepped up their efforts to find “major bets” to make in this new market.

These industry developments increase our confidence and enthusiasm for the NXT-ID (NXTD) Wocket™ both as a digital wallet and a potential secure storage option for Bitcoins. As we outline in our note, the Wocket has a much more robust design in terms of security and usability.

We see the following as key advantages for the NXT-ID Wocket:

Security: Using a secure chip the Wocket can store 100s of cards and digital records. Authentication is multi-factor and includes biometrics. Cards go into the Wocket directly without involving unsecure intermediate steps.

Usability: The Wocket includes an ultra-lower power touchscreen display in addition to the dynamic magnetic stripe as both a UI and QR-code mechanism. A combination of power management, in-wallet charging and standard battery means that consumers won’t have to fear a “dead wallet.”

Flexibility: Rather than being tied to a phone or platform the Wocket can be paired with any device either locally or in the cloud when secure protocols are available. This dynamic pairing is a key feature of the NXT-ID approach and is a powerful and highly differentiated aspect of their technology.

NXT-ID is an early stage technology company going after a large market. Based on initial traction and a conservative intrinsic valuation (IV) model show a fair value of $11/share we see the company continuing to benefit from intensive investor attention to this space.

Our full report is available for download here: http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_NOTE_DEC_2013.pdf

About SoundView Technology Group:

We are an independent advisory and research firm specializing in emerging technologies as they reach commercialization. Our proprietary research and modeling work provides valuable information for company management teams and investors in these emerging opportunities. We regularly publish our findings across a variety of channels including all the major retail and institutional information outlets. SoundView is based in Boston, Massachusetts with locations in New York and Connecticut.

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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Wind Works Power ensures our Green Future


 A Green way to generate electricity, Wind Power!

Wind energy is clean, cost effective, and one of the fastest growing sources of new energy in the world. With only a few windmills, electricity can be supplied for thousands of homes.

Wind Works (otc: WWPW) now operates 4.6 megawatts in Germany, in which it has a 49% ownership stake. In addition, Wind Works is developing 77 megawatts of near-term permitted projects in Germany; 70 megawatts of FIT contracted projects in Ontario; and 425 megawatts of projects in the United States.

Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 day by producing approx. 20,000 kilowatt hours of zero emission energy.

For more information, please visit: www.windworkspower.com

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Wind Power

Wind. It’s clean (wind power generates absolutely no greenhouse gases). It’s renewable. And it involves no production decline curve. Hence, 30 years from now we won’t be worrying about “Peak Wind” theories coming to fruition.

It also can’t be hoarded by power hungry cartels. In fact, enough of it exists to satisfy global demand seven times over, according to a Stanford University study. North Dakota alone has enough of it to meet 25% of U.S. demand.

https://i1.wp.com/www.sierraclub.org/windworks/images/turbine2.jpg

But perhaps most importantly, it’s finally coming of age. Just consider:

  • From 2000 to 2007, the size of the wind power industry increased fivefold.
  • Last year, records were shattered with $36 billion in total global wind investments with the United States leading the way with $9 billion.
  • In the next 10 years, the wind industry is expected to quadruple in size.

Hands down, wind is the fastest growing source of power. But can such growth continue?

The Department of Energy and countless other studies and industry experts say it will. But are they being realistic? Absolutely – and here’s why……

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Wind Power Makes Economic Sense

First and foremost, wind power makes economic sense. If the price of oil drops to $50 a barrel, the economics still work; even without government subsidies.

You see, wind can be used to generate electricity for 6 to 8.5 cents per kilowatt-hour.

For comparison’s sake, the cost of nuclear power runs about 15 cents per kilowatt-hour. Coal now costs north of 10 cents (without factoring in carbon capture and storage). And gas-fired power costs approximately 12 cents.

Keep in mind, too, that just a few years ago, wind costs rested north of 15 to 20 cents. But today, costs are low enough in some markets to compete with conventional power generation methods. And future advancements will make wind power even cheaper.

Look no further than Denmark. It already generates 20% of its total electrical output from wind. And Spain, Portugal and Germany boast similarly impressive penetration rates of roughly 12%, 10% and 7%, respectively.

The timing couldn’t be more perfect, either. While wind energy costs are dropping, costs for competing technologies – coal, nuclear and gas – are headed in the opposite direction.

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Opportunity in Canada

The Kyoto Accord signed by Canada requires that the Federal Government mandate reductions in greenhouse gas emissions to be below 1990 levels. Since 1990 Canada’s C02 emissions have increased by 20%! Ontario’s policy to close coal fired generating plants by 2015 replacing this power with wind will reduce C02 emissions into the atmosphere by 40%. The first closing occurred in Mississauga, June 2005

Canada, with its size and one of the best wind resources in the world has lagged behind until now. The Federal Government has expanded its ecoENERGY Grant of $0.01 / KWh of production to 4,000 MW.

Ontario, who was behind Alberta, Saskatchewan and Quebec is catching up to offset being out of power at peak periods when it is forced to buy electricity at $0.14 to $0.22 per KWh from NY, Michigan and Quebec.

In October 2008, Canada’s largest wind farm, the Melancthon Eco Power Centre near Shelburne, Ontario came on line with 133 turbines, and since that time 800 MW of projects have come on line and the Ontario Minister of Energy, Hon. George Smitherman, has directed the Ontario Power Authority to revise its business plan to procure MORE that the originally authorized 2,000 MW of renewable wind energy by 2015.

In a recent announcement Hon. Smitherman indicated that through the new Green Energy Act, to be introduced in the first quarter of 2009, that the Province was moving toward more rapid deployment by removing regulatory barriers and replacing the RFP process with a “Feed-in Tariff”, the same model that has created 72,000 new wind industry jobs in Germany since 1995.

Canada only had 684 MW in operation in 2005. As of Dec 12, 2008 Canada has 1,770 MW of wind energy production, plus 2,000 MW in Quebec, 1,500 MW in Ontario, and 170 MW in British Columbia under construction. With a CanWEA goal of 10,000 MW by 2015, the industry will offset lost auto manufacturing jobs by employing 11,000 people.

Visit the company website at: http://www.windworkspower.com/

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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.

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 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

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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/

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NXT-ID Announces ‘Wocket,’ a Mobile Wallet Within a Smart Card


NXT-ID Announces ‘Wocket,’ a Mobile Wallet Within a Smart Card

https://i1.wp.com/images.tmcnet.com/tmc/vertical/mobilecommerce/mci_logo_small.png

http://www.mobilecommerceinsider.com/topics/m…with-a.htm

NXT-ID has created a mobile wallet solution for consumers that don’t want to use their smartphones for transactions.

https://i1.wp.com/www.investorideas.com/CO/NXT/img/product-wocket.gif

The “Wocket” mobile wallet stores payment information for up to 100 credit and debit cards on a smart card. The smart card utilizes multi-factor authentication including biometric and touchscreen verification. You can either use voice authentication to activate the Wocket at a POS or tap security information onto the home screen.

After activating Wocket, shoppers can choose which payment method they prefer to use. Then, they can either swipe the Wocket through a magnetic card reader, scan the card’s QR code or use NFC to complete transactions.

NXT-ID stores all payment information within a secure biometric vault. Also, the magnetic strip never retains personal information or credit card information. For example, if you pay for something using your MasterCard, then Wocket erases all card information from the strip after you complete your transaction.

Although mobile payments have caught on in other countries such as China, South Africa and China, Americans haven’t widely adopted mobile payment technology. According to a recent study from SAP, only 15 percent of North American customers expressed an interest in buying more with their smartphones.

American consumers haven’t gone mobile for several different reasons. The biggest reason is that few American retail stores have updated their payment infrastructure to accept mobile payments. Also, many consumers worry that criminals could obtain their credit card and debit card information from a lost or stolen smartphone.

In addition, the mobile wallet infrastructure is fragmented. Google Wallet works for prepaid, Citibank, Visa, MasterCard and Discover cards, but it’s NFC based, which means it only works with phones and store payment terminals that are equipped with NFC.

Another mobile wallet, Apple’s Passbook app, allows loyalty cards, gift cards, credit cards and debit cards to be stored on iPhones. However, only a few merchants currently accept Passbook.

When NXT-ID releases Wocket in 2014, it could be the catalyst for mobile payment adoption in the U.S. and other developed countries. Wocket addresses security concerns, works universally and requires no equipment investments. Interested consumers can register at TheWocket.com to be notified when pre-orders become available.

Stay tuned for further announcements at the company website and at: http://thewocket.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. 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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Electric Car Owner Arrested For Stealing less than 10 Cents Worth Of Power


Electric Car Owner Arrested For Stealing less than 10 Cents Worth Of Power

A Georgia man was arrested and charged with the theft of about 5 cents worth of electricity after plugging his electric car into an exterior outlet at his son’s school while the 11-year-old was at tennis practice. (Photo by Bryan Mitchell/Getty Images)

A Georgia man was arrested and charged with the theft of about 5 cents worth of electricity after plugging his electric car into an exterior outlet at his son’s school while the 11-year-old was at tennis practice.

Chamblee, Ga. (CBS ATLANTA) – A Georgia man was arrested and charged with the theft of about 5 cents worth of electricity after plugging his electric car into an exterior outlet at his son’s school while the 11-year-old was at tennis practice.

Within minutes of plugging his electric Nissan Leaf into Chamblee High School, Kaveh Kamooneh said he looked over from his son’s tennis practice to notice a police officer sitting inside his vehicle.

“I noticed that somebody was in my car,” said Kamooneh. “I walked over and it was a Chamblee police officer who then informed me that he was about to arrest me or at least charge me with theft.”

Kamooneh said he charged his car for about 20 minutes from the exterior outlet – drawing at most 5 cents, or half of 1 kilowatt, worth of electricity. Don Francis of Clean Cities Atlanta, an electric vehicle advocacy group, told WXIA-TV the estimate of 5 cents is accurate.

Chamblee police said it was simply a matter of principle.

“I’m not sure how much electricity he stole,” Chamblee Police Sgt. Ernesto Ford told WXIA.

Ford added it doesn’t matter. “He broke the law. He stole something that wasn’t his.”

“A theft is a theft,” he said.

Eleven days after the incident, deputies showed up at Kamooneh’s house last week and arrested him for “theft by taking without consent.”

Kamooneh said he tried to reason with police by comparing the incident to someone taking a drink from a garden hose or charging a cell phone or laptop at a public place.

Ford said Kamooneh should have been arrested on the spot, and that police sought the warrant after determining that school officials had given him no consent to charge his car.

Ford said school officials had not asked them to press charges or arrest Kamooneh, and that if such an incident were to happen again they would take the same course of action against this type of theft.