Mobile Identity Infrastructure, Companies in this Report : Facebook (FB), Google (GOOG), Groupon (GRPN), NXT-ID (OTCQB:NXTD),Vodafone (VOD)

Albany, NY - November 12, 2013 (Investorideas.com Newswire) The ability to leverage network assets, such as the Subscriber Database Management (SDM) system, and the potential for incremental revenue from third-parties such as credit bureaus, banks, and credit card companies, makes mobile identity a high priority service for carriers worldwide. Mind commerce thus expects that mobile identity infrastructure market will grow at a CAGR of nearly 17% over the next five years eventually accounting for nearly USD 12 Billion in revenues by the end of 2019.

Browse full report: http://www.researchmoz.us.
Driven by the growing surge for mobile interactions, mobile commerce and online digital purchasing, carriers worldwide are investing in mobile identity infrastructure as an economically efficient solution fraud detection/prevention and identity theft issues.
This report provides an in-depth assessment of the Mobile Identity application market, including business models, market drivers, challenges, value chain analysis, operator and vendor strategies, and a quantitative assessment of the industry from 2014 to 2019.
The report covers the following topics:
Technology Review: A review of the underlying technology supporting mobile identity and fraud management solutions
A review of mobile identity applications deployments: A review of major mobile commerce identity solution deployments by carriers and vendors worldwide
Carrier Strategies: An analysis of how carriers will position themselves to capitalize on mobile identity opportunity in the next generation networks and LTE.
Case Studies: Use Cases for Mobile ID : Banking/Finance examples
Market Analysis and Forecasts: A global and regional assessment of the market size and forecasts for the mobile identity market from 2014 to 2019
Mobile identity Industry Roadmap 2014 - 2019: An analysis of the roadmap for the industry from 2014 to 2019
Browse all mind commerce publishing Market Research Reports
Key Findings:
Mind Commerce predicts a ten-fold increase in mobile data traffic between 2014 and 2019, leading to increased need for mobile identity
Mobile Banking and mobile commerce (payments, shopping, loan applications) are major applications for mobile identity solutions
The US region will lead the market from a regional perspective that will account for nearly USD 21%of the market by 2019
Questions Answered in Report:
Which vendors are leading the market?
How is the industry's value chain structured?
What are the major mobile identity applications?
What benefit does mobile identity bring to carriers?
How much will the mobile identity markets be worth in 2019?
What will be the regional outlook for revenue in the mobile identity market?
What benefits do mobile identity deployments bring to mobile commerce vendors?
View All Telecommunications Market Research Reports & Industry Analysis
Target Audience:
Financial institutions
Mobile network operators
Mobile commerce providers
Law enforcement authorities
Managed telecom service providers
Device, OS, and application suppliers
Companies in Report:
Centrify
Facebook
Google
Groupon
Marketo
NXT-ID
TeleSign
Valimo
Vodafone
Related Reports
The Small Cells, WiFi, DAS, Cloud RAN & HetNet Datasheet: 2014 - 2020
Click here to download detailed report.
Small cells, carrier WiFi, DAS and Cloud RAN infrastructure investments will account for a $42 Billion HetNet ecosystem by 2020. Small cells and carrier WiFi deployments are expected to carry more than 60% of all mobile network data traffic by 2020, which will account for $352 Billion in mobile data service revenue. At present, the small cells and carrier WiFi infrastructure value chain is highly fragmented with ‘pure-play’ vendors and incumbent macrocell vendors battling to gain a higher share of the market. SNS Research expects the value chain to consolidate over the coming years following several future acquisitions such as the recent acquisition of Ubiquisys by Cisco.
Mobile VAS Company and Solution Analysis: OnMobile
Click here to download detailed report.
Mobile Value Added Services (VAS) applications are provided within telecommunications as a means of creating customer "stickiness" while adding top line revenue and improved margins. The mobile VAS marketplace is dynamic, driven by handset OEMs, network operators, content owners, and MVAS innovators such as OnMobile. Originally incubated by Infosys, the company offers a wide range of products and services, which are evaluated in this report. Already a market leader in India , the company is poised to gain market share in other areas.
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
Website@ http://www.researchmoz.us
Email: sales(at)researchmoz(dot)us
Browse Blog - http://latestmarketstudy.blogspot.com/.

Biometric Stock Alert: Synaptics (SYNA) Closes Acquisition of Validity Sensors

SAN JOSE, Calif. - November 11, 2013 (Investorideas.com Newswire) Synaptics Inc. (SYNA), a leader in human interface solutions, announced Friday it has completed its acquisition of Validity Sensors, Inc. ("Validity") on November 7, 2013. Expansion into the fingerprint identification market, with the acquisition of a world class Validity team that delivers industry-leading solutions, is an integral part of Synaptics' growth strategy as it immediately expands the depth and breadth of solutions available to its global partners.

As consumer demand for fingerprint ID integration into intuitive smart devices continues to grow, OEMs are looking to differentiate their products with the innovative solutions Synaptics' partners have come to expect. With the addition of Validity's secure, high-performance and cost-effective solutions to Synaptics' core family of industry-leading ClearPad® and TouchPad™ solutions, partners will have access to the industry's broadest portfolio of leading-edge human interface solutions for smartphones, tablets, and notebook PCs.
"We have received overwhelmingly positive customer feedback on the strength of the combined organizations and the opportunities that lie ahead for Synaptics," said Rick Bergman, Synaptics CEO and president. "As the leading human interface solution provider we are well positioned both, competitively and strategically, to exceed the needs of our global partners."
For up-to-the-minute Synaptics news, follow @SynaCorp on Twitter or visit our blog at blog.synaptics.com.
For more information on Synaptics' products and solutions please visit www.synaptics.com.
About Synaptics
As a leading developer of human interface solutions which enhance the user experience, Synaptics provides the broadest solutions portfolio in the industry. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones, tablets and notebook PCs. The TouchPad family, including ClickPad™ and ForcePad®, is integrated into the majority of today's notebook PCs. Synaptics LiveFlex® fingerprint sensor technology enables authentication, mobile payments, and touch-based navigation for smartphones, tablets, and notebook PCS. Synaptics' wide portfolio also includes ThinTouch® supporting thin and light keyboard solutions, as well as key technologies for next generation touch-enabled video and display applications. (SYNA) www.synaptics.com
Forward-Looking Statements
This press release contains "forward-looking" statements about Synaptics, as that term is defined under the federal securities laws. Synaptics intends such forward-looking statements to be subject to the safe harbor created by those laws. Such forward-looking statements include, but are not limited to, statements regarding Synaptics' expectations of the depth and breadth of its solutions; Synaptics' expectations regarding the demand for fingerprint ID integration; OEMs' desire to differentiate their products with Synaptics' solutions; Synaptics' belief that its solutions will provide its partners with access to the industry's broadest portfolio of leading-edge human interface solutions for smartphones, tablets, and notebook PCs; and Synaptics' belief that it is well positioned both competitively and strategically to exceed the needs of its global partners. Synaptics cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to, (a) demand for Synaptics' and Validity's products, (b) market demand for OEMs' products using Synaptics' or Validity's solutions, (c) changing market demand trends in the markets Synaptics or Validity serves, (d) the success of Synaptics' and Validity's customers' products that utilize Synaptics' or Validity's product solutions, (e) the development and launch cycles of Synaptics' and Validity's customers' products, (f) market pressures on selling prices, (g) the market acceptance of Synaptics' and Validity's product solutions compared with competitors' solutions, (h) general economic conditions, including consumer confidence and demand, and (i) other risks as identified from time to time in Synaptics' SEC reports, including Quarterly Reports on Form 10-Q and the Annual Report on Form 10-K for the fiscal year ended June 30, 2013. All forward-looking statements are based on information available to Synaptics on the date hereof, and Synaptics assumes no obligation to update such statements.
Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.
Previous Investorideas interview with SYNA
Synaptics (SYNA) Biometrics Acquisition Adds Momentum to Sector
Investorideas.com talked to leading analysts and experts at Frost & Sullivan, Goode Intelligence and NXT-ID Inc (OTCQB: NXTD) to gain insight into the significance of the deal. Additionally, we asked Alfred Woo, product-marketing manager at Synaptics to discuss the recent acquisition.
http://finance.yahoo.com/news/synaptics-syna-biometrics-acquisition-adds-123000997.html

Equity Research: NXT-ID (OTCQB:NXTD) Mobile-Bio Platform Enables M-Commerce

November 6, 2013 (Investorideas.com biometrics/ defense stocks newswire) SeekingAlpha.com: SoundView Technology Group issues equity research note - NXT-ID (OTCQB: NXTD) Mobile-Bio Platform Enables M-Commerce.

Technology is finally enabling bio-based security features on mobile devices that will overcome one of the final obstacles to truly mobile digital commerce. One company, NXT-ID (OTC:NXTD), has emerged as a newly public company with a set of technologies and an open platform that can be used across all these applications. Based on our analysis the next few quarters of adoption will drive a near-term intrinsic value of over $10/share and a much higher figure for 2014. This report goes into more detail concerning the technology, the market, and the company.
Device-level sensors, biometrics and embedded processing have arrived. With these advanced technologies, the wallet can be made more versatile, secure and powerful with modern technology built into it. This same approach will be found in a broad range of products from firearms to autos, which will only fire and run if the authorized owner is securely identified and in command. The IT companies have provided more security (multi-factor, out-of-band authentication) but these don't work well because they are neither simple nor obvious. It's now pretty easy to know that "you are you" given enough of the right sensor and biometric information combined with the right data and some local processing.
In the future, it is likely that we are not going to carry around little pieces of colored plastic to make payments; furthermore, we are not going to rely on simple alphanumeric passwords to access our devices and conduct transactions. Lest everyone think the smartphone will save the day, it has a few chronic weaknesses. Power is the most basic one. Consumers expect their keys and wallet to work all the time. Smartphones are not secure or private in the slightest, nor are they likely to become so for quite some time.
Full article http://seekingalpha.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' 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/
Published at Investorieas.com
About www.InvestorIdeas.com: Big Ideas for global investors, InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors.
Research Biometrics Stocks at Investorideas.com stock directory
http://www.investorideas.com/BPS/Stock_List.asp
Sign up for free stock alerts
http://www.investorideas.com/Resources/Newsletter.asp
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. 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 is currently compensated by featured companies, news submissions, content marketing and online advertising. 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. Disclosure: Investorideas has been compensated by NXTD: five thousand per month plus 144 shares.
More info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Biometric Stock Alert: Nxt-ID, Inc. (OTCQB:NXTD) Announces Release of Biometric Mobile App Ahead of Schedule

SHELTON, CT - November 4, 2013 (Investorideas.com biometrics/ defense stocks newswire) NXT-ID Inc. (OTCQB: NXTD), a biometrics company focused on the growing mobile commerce market, announced today that it has successfully developed its Voicematch™ algorithm for mobile platforms. Originally scheduled for full release in Q3 2014, progress on the development of Voicematch™ Mobile App technology has exceeded original expectations, prompting NXT-ID to release the product earlier than anticipated.

Voicematch™ is a new method of recognizing both speakers and specific words providing innovative multi-factor recognition that is efficient enough to run on low-power devices.
"We are extremely excited to enable speaker recognition as a multi-factor authentication method for mobile and wearable devices, as speaking is a very natural way to be authenticated," says Gino Pereira, CEO of NXT-ID. "Apple has validated the use of biometrics on mobile platforms by the use of fingerprint scanners on its latest products. Voice authentication is the next step forward."
Voicematch™ is a key multi-factor biometric of NXT-ID's MobileBio™ mobile and wearable identity technologies that bring full control and protection of private data to authenticated users. It is multi-platform, meaning it will run on mobile platforms such as Android and iOS, as well as laptops and desktops. It will also be one of the multi-factor authentication methods for NXT-ID's ultra-low power electronic wallet -- the Wocket™.
"What's amazing is the accuracy that we are achieving with this new voice recognition algorithm with very low power requirements," says David Tunnell, CTO of NXT-ID. "The efficiencies of this product makes biometric authentication possible for a number of mobile and wearable applications where low-power is paramount."
The Company's target market includes smartphone manufacturers and app providers that use personal and sensitive information in their applications.
Details of this innovative technology are forthcoming via an imminent patent application.
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' 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/
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.
Contact:
Corporate info: info@nxt-id.com
Investor Relations
ProActive Capital Group
Direct: 646 863 6341
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. 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 is currently compensated by featured companies, news submissions, content marketing and online advertising. 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. Disclosure: this release was compensated for by NXTD as part of a monthly service for news publication and distribution and content marketing. (five thousand per month plus 144 shares)
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Biometric Stock Alert: Nxt-ID, Inc. (OTCQB:NXTD) Announces Distribution Agreement With India's Voice of Big data (VOBD) for 3D FaceMatch™ Biometric Identification Systems

SHELTON, CT - October 29, 2013 (Investorideas.com biometrics/ defense stocks newswire) NXT-ID Inc. (OTCQB: NXTD) a biometrics company focused on the growing m-commerce market and its wholly owned subsidiary, 3D-ID, LLC, today announced an agreement with Indian/U.S.technology company, Voice of Big data (VOBD), to distribute its patented 3D FaceMatch™ biometric facial recognition identification systems in India.

3D FaceMatch™ will be added to Voice of Big data's current Facial Signature product line as part of its security and intelligence division. The technology will be targeted to retail markets, law enforcement, airports, government agencies, public and private organizations, product development centers and offshore development centers.
Voice of Big data reported to fytimes.com in August that it will be the first company in India to launch 3D facial recognition technology in India.
It was recently chosen as one of the top 10 promising technology startups in India by Nasscom's Emerge; (ET Times October 25th). The fast growing company has 65 employees comprising 20 data scientists and anticipates hiring 80 more by the end of the year.
Mr. Gino Pereira, Chief Executive Officer of NXT-ID, Inc., said, "Clearly, this is another milestone in our history as we continue to make solid progress as we implement our growth strategy. We are delighted to be partnering with VOBD in such an exciting developing market. India is at the forefront of the biometric revolution and with our combined expertise in 3D facial recognition and the ability to analyze large amounts of data very quickly I believe we can contribute substantially to biometric adoption here."
Srinivas Kishan Anapu, CEO of VOBD, reiterated that "the partnership with NXT-ID is a major strategic milestone for Voice of Big Data in the R&D space and for implementation of facial recognition solutions across industries globally. Additionally we see a huge value addition to our customers especially in India."
3D FaceMatch™ facial imaging solutions provide government, law enforcement and security agencies with fast, precise, automated and low-cost solutions for biometrically-accurate imaging of human faces in three dimensions. By acquiring the shape of a subject's face, together with a perfectly registered image, FaceMatch technology enables dramatic performance enhancements in human identification systems ranging from manual photo ID verification to automated facial recognition.
The global facial recognition market is estimated to grow from $1.92 billion in 2013 to $6.5 billion in 2018 according to a report earlier this year from http://www.marketsandmarkets.com/. Analysts forecast the biometrics market in India to cross USD 2 Billion revenues by 2018.
About Voice of Big data (VOBD)
Voice of Big data (VOBD) has its offices spread across US, UK, Australia and India. The company is incorporated with focus to provide sustainable BI solutions to clients. We have a highly dedicated team that constantly researches the trends in Bigdata, providing the most optimized solutions to the clients in BI space. At VOBD, Over 70% of Analytics is performed against Structured & Unstructured data. VOBD has invested in focused groups around tools & frameworks to provide client value-adds. This experience has helped VOBD build robust CoEs and reusable Frameworks for its customers. VOBD currently comprises of a Full time team of professionals from all domains and technologies related to Big data, BI and Analytics. VOBD has expertise across BFS, Insurance, Media, Manufacturing, Retail, Technology, Healthcare, Life Sciences and Utilities domains. http://voiceofbigdata.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' 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/
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.
Contact:
Corporate info: info@nxt-id.com
Investor Relations
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. 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 is currently compensated by featured companies, news submissions, content marketing and online advertising. 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. Disclosure: this release was compensated for by NXTD as part of a monthly service for news publication and distribution and content marketing. (five thousand per month plus 144 shares)
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Biometrics Research; Goode Intelligence forecasts that the market for mobile biometric security products and services is set to grow and will generate over $8.3 billion revenue by 2018 The leading company in mobile security analysis, Goode Intelligence, has published a new market forecast report covering the mobile biometric security market which, driven by Apple's positive move with Touch ID, forecasts exceptional growth for the industry. full article http://www.investorideas.com/news/2013/biometrics/10281.asp Research Biometric stocks at Investorideas.com stock directory http://www.investorideas.com/BPS/Stock_List.asp

Biometric Stock Alert: Nxt-ID Inc. (OTCQB:NXTD) Files Patent for Digital Wallet Technology, the Wocket(TM)

SHELTON, CT - October 21, 2013 (Investorideas.com biometrics/ defense stocks newswire) NXT-ID Inc. (OTCQB: NXTD), a biometrics company focused on the growing mobile commerce market, announced today that it has submitted a patent application for its unique digital wallet technology. As a follow up to U.S. provisional patent application No. 61/710,826, NXT-ID has filed patent application 14/049175 for a:

METHOD FOR REPLACING TRADITIONAL PAYMENT AND IDENTITY MANAGEMENT SYSTEMS AND COMPONENTS TO PROVIDE ADDITIONAL SECURITY AND A DEVICE IMPLEMENTING SAID METHOD.
This patent forms the basis for NXT-ID's widely anticipated next generation payment and identity product -- the Wocket™.
"Rather than attempting to replace the wallet, as companies such as Google and Isis (founded by AT&T Mobility, T-Mobile USA and Verizon Wireless) are doing by putting contactless payment capability on smartphones, our method brings the wallet into the 21st century," said Gino Pereira, CEO of NXT-ID, Inc.
"We offer an alternative solution to those who do not wish to give up their wallet and market studies show that represents a significant portion of the population. We offer the modern wallet an electronic vault that is actually part of the wallet, securely protecting private information accessible only by the user via biometric enabled multi-factor authentication. What is unique about this invention is that it secures private information found within a typical wallet, such as credit cards, debit cards, identification information, medical information and records and makes this private information available to owners via an interface made so simple that anyone can use it as they would use their wallet today."
The Wocket™ requires unique biometrically enabled multi-factor authentication to ensure only owners and their private information can be copied into or out from the secure vault wallet device and on to the dynamically programmable magnetic stripe NXTCard. Authenticated users may then select payment information, via touch display or voice command and use the NXTCard as they would any other magnetic stripe credit or debit card.
There is an added advantage in that the NXTCard replaces multiple cards that are currently kept in the wallet with a single secure card.
"This patent is the first of many we plan to submit regarding our wearable identity technologies that bring full control and protection of private data to authenticated owners of the data," said David Tunnell CTO of NXT-ID. "In the coming months, we plan to increase our portfolio of intellectual property with other patents that further promote protection of private data with innovative, easy to use mobile and wearable technologies that conform to how users naturally use devices today."
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' 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/
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.
Contact:
Corporate info: info@nxt-id.com
Investor Relations
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. 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 is currently compensated by featured companies, news submissions, content marketing and online advertising. 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. Disclosure: this release was compensated for by NXTD as part of a monthly service for news publication and distribution and content marketing. (five thousand per month plus 144 shares)
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.