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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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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Next Generation Tech Leaders Progress with Innovative – Mobile Commerce Products: NXT-ID, Apple, Micron, Symantec, Microsoft, Synaptics


Next Generation Tech Leaders Progress with Innovative – Mobile Commerce Products: NXT-ID, Apple, Micron, Symantec, Microsoft, Synaptics

FinancialNewsMedia.com Market News and Updates for progressive leaders in the technology sector: NXT-ID, Inc. (otcqb:NXTD), Apple, Inc. (NASDAQ:AAPL) , Micron Technology Inc. (NASDAQ:MU) , Symantec Corporation (NASDAQ:SYMC) , Microsoft Corporation (NASDAQ:MSFT) and Synaptics Inc. (NASDAQ:SYNA)

NXT-ID, Inc. (otcqb:NXTD), a biometrics company focused on the growing mobile commerce market, today announced features of its next generation wallet, The Wocket(TM), scheduled for launch for the first quarter of 2014. The Wocket(TM) is designed to replace all the cards in your wallet with a single, secure smart card. The Wocket(TM) works anywhere that credit cards are accepted and can only be used with your biometric or touch screen authentication.

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

The world of wallets is about to change with new and exciting technologies making payments easier than ever. However, most credit card holders are understandably reluctant to use their smartphone for transactions — this is due to a variety of reasons including:

— Limited battery life

— Dependency on wireless network coverage

— Well publicized security threats

Rather than depending on a smartphone for transactions, NXT-ID has developed a truly next-generation electronic wallet.

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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