NXT-ID, Inc. (NASDAQ:NXTD) Joins Smart Card
Alliance and EMV Migration Forum
OXFORD,
CT - August 20, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD)
("NXT-ID" or the "Company"), a biometric authentication
company focused on the growing mobile commerce market and creator of the
Wocket® smart wallet, announces it has joined The Smart Card Alliance and the
EMV Migration Forum.
Joining
the Smart Card Alliance and the Smart Card Alliance Latin America (SCALA)
Chapter provides NXT-ID, Inc. direct access and visibility to industry peers
and thought leaders promoting adoption of smart card technology.
To
further build upon its position in the evolving payment industry NXT-ID has
also become a member of the EMV Migration Forum.
Gino
Pereira, Chief Executive Officer of Nxt-ID. Inc. said, "As we prepare
Wocket for the introduction of EMV chip cards and other digital payment
technologies, we are looking forward to contributing to these two important
associations at the forefront of next generation payments. One of the
advantages of Wocket's flexible platform is that we are able to accommodate new
payment technologies as they emerge."
The
Smart Card Alliance is a not-for-profit, multi-industry association working to
stimulate the understanding, adoption, use and widespread application of smart
card technology.
Through
specific projects such as education programs, market research, advocacy,
industry relations and open forums, the Alliance keeps its members connected to
industry leaders and innovative thought. The Alliance is the single industry
voice for smart cards, leading industry discussion on the impact and value of
smart cards in the U.S. and Latin America. http://www.smartcardalliance.org.
The
EMV Migration Forum is a not-for-profit, cross-industry body focused on
supporting alignment of the EMV implementation steps required to ensure a
successful move from magnetic stripe technology to EMV contact and contactless
technology in the United States. http://www.emv-connection.com
NXT-ID,
Inc is also a member of The FIDO (Fast IDentity Online) Alliance. (http://www.fidoalliance.org/).
Wocket®
is the smartest wallet you'll ever own. Designed to protect your identity and
replace your old wallet, simply swipe and save your cards into Wocket once and
they are immediately secured with pin and biometric voice print technology.
Without ever needing a smartphone, you can choose a card from the touch screen
and Wocket programs its single, smart card (Wocket Card) to match your
selection. From there, you just swipe as you normally would virtually anywhere
that credit cards are accepted today.
All
your credit, debit, loyalty, gift, ID, membership, insurance, medical
information, passwords, and virtually any other information can be protected on
Wocket®.
About NXT- ID Inc. - Mobile
Security for a Mobile World: (NXTD) (NXTDW):
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 led by
Wocket®; a next generation smart wallet designed to replace all the cards in
your wallet, no smart phone required. Wocket was recognized as one of the top
technology products at CES 2015 by multiple media outlets including Wired.com.
The Wocket® works anywhere credit cards are accepted and only works with your
biometric stamp of approval. http://www.wocketwallet.com/
NXT-ID'
wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and
has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/
Product images are available for media at: http://press.nxt-id.com
Forward-Looking
Statements for NXT-ID: This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements reflect management's current expectations, as of the
date of this press release, and involve certain risks and uncertainties.
Forward-looking statements include statements herein with respect to the
successful execution of the Company's business strategy. The Company's actual
results could differ materially from those anticipated in these forward-looking
statements as a result of various factors. Such risks and uncertainties
include, among other things, our ability to establish and maintain the
proprietary nature of our technology through the patent process, as well as our
ability to possibly license from others patents and patent applications
necessary to develop products; the availability of financing; the Company's
ability to implement its long range business plan for various applications of
its technology; the Company's ability to enter into agreements with any
necessary marketing and/or distribution partners; the impact of competition,
the obtaining and maintenance of any necessary regulatory clearances applicable
to applications of the Company's technology; and management of growth and other
risks and uncertainties that may be detailed from time to time in the Company's
reports filed with the Securities and Exchange Commission.
Contacts:
Media:
D. Van
Zant
+1-800-665-0411
press@nxt-id.com
+1-800-665-0411
press@nxt-id.com
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