SHELTON, Conn. - May 28, 2014 (Investorideas.com Newswire) NXT-ID, Inc., (
OTCQB: NXTD) a biometric authentication
company
focused on the growing m-commerce market, announces its next generation
smart wallet, Wocket™ , designed to replace all the cards in your
wallet is now available to order at
www.wocketwallet.com. The Wocket retail price is $149.99.
Wocket™ is a smart wallet in the same vein as the smart phone and
smart watch. NXT-ID is introducing its innovative, patent-pending
Wocket™ as the next natural step in the evolution of smart devices.
Wocket™ is a next generation smart wallet designed to protect your
identity and replace all the cards in your wallet, with no smart phone
required. The Wocket works anywhere
credit cards are accepted and only works with your biometric stamp of approval.
Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical,
business,
contacts, coupon, and virtually any card can be protected on Wocket™.
More than 10,000 cards, records, coupons, etc. and 100 voice commands
can also be stored on Wocket™.
Gino Pereira, CEO of NXT-ID, Inc. said, "Today is a milestone for both NXT-ID and consumers that are concerned about the
security
of their wallet. We designed the Wocket specifically for the consumer
of today that is still not willing to put all their payment and identity
info on their smartphone. We believe Wocket is the solution that
addresses security issues that consumers care about but still is
convenient and easy to use."
The full Wocket product FAQ is available to consumers and media at
http://nxt-id.com/wocket-faq/
FAQ Highlights:
"What is Wocket™?
Wocket™ is a smart wallet. Like the smart phone and smart watch,
NXT-ID is introducing its innovative, patent-pending Wocket™ as the next
natural step in the evolution of smart devices.
"What does Wocket™ do?
Wocket™ locks all of your private
information
in an electronic "vault", where only an authenticated owner can
authorize access to the data. Thus, you can "lock it with Wocket™ in
your pocket", protecting your private information from unauthorized
access.
"What makes Wocket™ smart?
Wocket™ smart wallet protects all of your private information inside
an electronic vault while reducing the number of cards in your wallet.
Dynamic pairing for authentication and encrypted data transfer with
other secondary devices along with a plethora of new, innovative
features makes Wocket™ the smartest wallet ever devised.
"How is Wocket™ different from other smart card solutions?
Wocket™ is not a smart card - it is a smart wallet. Thus, it can
communicate with smart cards, but is not limited in the number, type, or
method of communication of private information that typically restricts
the use of a smart card. Furthermore, Wocket™ is not dependent on
proximity or any other external factors to secure and choose soft-cards
containing private information.
"How is Wocket™ different from other digital wallet solutions?
Rather than replace a wallet as many "digital wallet" technologies
attempt to do, we chose to improve the wallet. Unlike other digital
wallet solutions that depend on connectivity to choose a payment
account, Wocket™ does not depend upon the cloud to select or
make a payment.
"Does Wocket™ require another device, such as a cell phone?
No. Although Wocket™ does not require any other peripheral for
security or "proximity sensing", Wocket™ can authenticate with secondary
devices prior to transaction as an additional step in security as well
as utilize a Wocket™ app on other devices to select or manage a
soft-card, all without revealing private information.
"How do I access my private information?
A combination of biometrics, personal PIN or pattern provides
multi-factor security for your Wocket™. Once Wocket™ verifies your
identity, you can simply select whatever soft-card or information you
want from the touch screen display, or in some configurations, your
voice command.
"How many cards can be securely stored on a Wocket™?
Up to 10,000 cards, records, coupons, etc. and up to 100 voice
commands can also be stored on Wocket™. More can be supported with
optional additional memory.
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 led by the
Wocket™ ; a next generation smart wallet designed to replace all the
cards in your wallet, 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/,
http://www.wocketwallet.com/
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:
Investor Inquiries:
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.comMedia: 800 665-0411
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