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The tenneeseean logo“It’s been heavily publicized that the U.S. is using outdated credit card technology,” wrote Julie May of the Tennessean.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.

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.

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.

NXT-ID Appoints Two Former MasterCard Executives to Its Newly Formed Advisory Board


NXT-ID Shows First Images of the Biometrically Secure Wallet, The Wocket(TM)

SHELTON, CT–(Marketwired – Dec 17, 2013)

NXT-ID, Inc. (OTCQB: NXTD), 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™, 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™. We look forward to growing our advisory board over the next few months with equally talented and experienced individuals.”

university of new havenMr. Lawrence Flanagan is President and Founder of New Tech Haven since January 2013 and was formerly the Executive Dean at the University of New Haven College of Business. Flanagan is regarded as one of the most accomplished global marketing leaders in the country. Prior to his career in academia, he spent nearly three decades in corporate America as an executive at MasterCard Worldwide, the Procter & Gamble Company and L’Oreal USA.

mastercard-logo-473B8726A9-seeklogo.comAs the global chief marketing officer at MasterCard, he managed a $1.5 billion budget, directed marketing strategies in more than 50 countries and helped launch the company’s hugely successful “Priceless” advertising campaign. He also established strategic partnerships with Major League Baseball, the PGA Tour and Champions League soccer in Europe and was part of the executive team that spearheaded MasterCard’s highly successful initial public offering in 2006. He earned six Gold Effie awards from the American Marketing Association, the most prestigious honor among marketing professionals, and was recognized as one of the “25 Most Influential People in Sports” in 2004 by SportBusiness International. In 2008, the NY AdClub named Flanagan “Person of the Year”. In 2013, the University of New Haven awarded a Doctor of Business Administration honoris causa to Flanagan.

Flanagan, who is a former national co-chair of the CMO Collective, is active with Save the Children and previously served on the University of New Haven’s Board of Governors. He is on the advisory boards of Visitdays.com and Fraud.net.

The second appointment, Mr. Ken Moy, was formerly senior vice president and Group Head of US Emerging Payments at MasterCard Worldwide.

masterpass-titleMoy led the execution of the company’s digital conversion strategy and managed all aspects of product development and a diverse set of existing products including online and offline payments, authentication solutions, spending controls and alerts services. He launched MasterPass, the firm’s digital wallet solution and important pillar to overall strategy, achieving over 25,000 online merchants, and wallet distribution with over 20 financial institutions.

Google_Wallet_logo.svg.pngMoy has extensive experience in large-scale rollouts, partnerships, corporate development, strategic planning, business administration and product management, in the technology, commerce and financial services space. He led an exclusive agreement with Google, Citibank and First Data to launch Google Wallet, the first commercially available mobile payment solutions. He also led an exclusive agreement with Intel for access to embedded technology in Intel PCs to deliver enhanced security and user experience for electronic ecommerce.

Prior to his nearly 14 year career at MasterCard, Mr. Moy enjoyed a successful 10 year career at Citibank where he held a range of leadership roles in the firm’s payment cards and wholesale banking businesses.

He was a Smart Card Alliance Board Member from 2004-2010 and is a frequent industry speaker and commentator.

Presently, Moy is Founder and President of Harvest Advisors LLC, a provider of strategy, business development and implementation advice to start-ups and technology solution providers in the developing commerce space.

NXT-ID, Inc. released the first images of The Wocket™ on its corporate website and product website late last week.

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://3d-id.net/

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For more information: marketwired.com/nxt-id-appoints-two-former-mastercard-executives-to-its-newly-formed-advisory-board

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.

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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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/

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

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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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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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