NXT-ID
(NASDAQ:NXTD) Media Alert: Recent News of Behavior-Directed Payments Patent has Payment Media
Outlets Taking Notice
CreditUnionTimes.com,
Payment Week & Biometric Update Covers Latest Technology News from NXTD
OXFORD, CT
– July 16, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD), a biometric authentication company focused on the
growing m-commerce market, reports on multiple media coverage following the
recent announcement on filing
of provisional patent 62/188684 for BEHAVIORAL-DIRECTED AUTHENTIATION METHOD
AND SYSTEM.
Excerpts:
BiometricUpdate.com
Justin Lee
July 14, 2015
NXT-ID Inc. patents behavior-directed payments
system
NXT-ID, Inc. announced that it has filed
provisional patent 62/188684 for “Behavioral-directed Authentication Method and
System”, covering technology which recognizes both the individual (something
you are) and the action (something you know) via behavior-metrics. The system
authenticates the user’s identity based on almost any motion, sound, or other
behavior that can be detected by sensors, combining their unique physiological
features, such as biometrics, with some unique action, such as behavior, that can
be chosen by a user.
Read the full article at http://www.biometricupdate.com/201507/nxt-id-inc-patents-behavior-directed-payments-system
Payment Week
Michael Cheng
July 14, 2014
NXT-ID Reveals Behavioral Metrics Patent for
Optimized Payments
NXT-ID, a leading smart wallet
technology firm, announced a new patent that could revolutionize its future
offerings. Called “behavioral metrics”, the new invention is designed to
enhance the way payments are initiated by a user. The company did not go into
full detail about the mechanics of the system. Based on the patent, the
technology will rely on sensors to detect various personalized movements. Such
actions could include facial expressions, body gestures or even patterns. The
technology could significantly improve the usability of wearables and smart
devices. Authentication using this new method is fast and secure. In addition
to convenience, such features could be advantageous for individuals suffering
from eye problems or injuries that affect current biometric authentication
methods. For such cases, gestures or other subtle actions may serve as an
essential step for secure purchases.
Read the full article at: http://paymentweek.com/2015-7-14-nxt-id-reveals-behavioral-metrics-patent-for-optimized-payments-7679/
Credit Union Times
Roy Urrico
July 14, 2015
Biometrics Company Patents Behavior-Metrics
The Oxford, Conn.-based
biometrics authentication company NXT-ID, Inc. announced it has patented its
behavior-directed mobile payments technology. Called “behavior-metrics”, it
recognizes both the individual (something you are) and the action (something
you know). Behavior-metrics may include authentications based on facial
expressions, gesture movements, patterns drawn or even PINs. Sensors detect
virtually any motion, sound or other behavior, and combine it with
physiological features that are unique to a person. The London-based consulting
firm Goode Intelligence predicted by the end of this year, some 450 million
financial institution customers globally will be using biometrics, which will
be the principal banking authentication method by 2020.
Read the full article at http://www.cutimes.com/2015/07/14/biometrics-company-patents-behavior-metrics
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®.
Product images are available for media at: http://press.nxt-id.com
Read this release in
full at http://www.investorideas.com/CO/NXT/news/2015/07161.asp
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/
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
This
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