NXT-ID, Inc. (OTCQB: NXTD) Media Alert: Top Tech News Reports 'Rumor Mill Puts Mobile Wallet in iPhone 6'; NXT-ID Responds to Reporter's Questions
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SHELTON, CT - September 2, 2014 (Investorideas.com Newswire) NXT-ID, Inc., (OTCQB: NXTD), a biometric authentication company focused on the growing m-commerce market was recently mentioned in an article written by Jennifer LeClaire of Top Tech News, a website that describes itself as 'News and Product Reviews for Tech Leaders' (http://www.toptechnews.com).
The article titled, 'Rumor Mill Puts Mobile Wallet in iPhone' , questions whether Apple ( AAPL ) is moving into the mobile wallet world. Apple does not comment on any submission for patents in the article, however, NXTD is quoted as saying: "The filing describes the system as capable of powering mobile transactions conducted via QR codes, the cloud and contactless NFC. It's also explicitly engineered to handle large bursts of traffic, such as can occur on a so-called 'launch day' of a client device.”
Rumor Mill Puts Mobile Wallet in iPhone
Top Tech News
Apple is moving toward the mobile wallet world with its next iPhone. The technology giant has partnered with retailers, banks and major payment networks to make it happen, according to a Bloomberg report.
Bloomberg cited "a person familiar with the situation” who said that Visa, MasterCard, and American Express are among the big names working with Apple to enable a new mobile wallet feature on the iPhone 6. The device will make its first appearance at a Sept. 9 launch event.
"The new iPhone will make mobile payments easier by including a near-field communication (NFC) chip for the first time, the person said,” Bloomberg's Matt Townsend reported. "That advancement along with Touch ID, a fingerprint recognition reader that debuted on the most recent iPhone, will allow consumers to securely pay for items in a store with the touch of a finger.”
New Life to NFC?
Apple is somewhat late to the mobile wallet game, a nascent yet rapidly growing industry. Companies already offering mobile wallets include Google, Citigroup and Macy's.
Apple could not immediately be reached for comment, but according to NXT-ID, a biometric authentication company behind a smart wallet called Wocket, Apple submitted a public patent application that describes a detailed backend architecture for a mobile wallet designed to hold digital credit and debit cards and coupons from a range of merchants and financial institutions.
"The filing describes the system as capable of powering mobile transactions conducted via QR codes, the cloud and contactless NFC," the firm reported. "It's also explicitly engineered to handle large bursts of traffic, such as can occur on a so-called 'launch day' of a client device."
Read the full story at http://www.toptechnews.com/article/index.php?story_id=00200072XJX6
Wocket™ is a smart wallet, the next evolution following 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™.
Wocket™ is now available for advance ordering at www.wocketwallet.com at a price of $149.99.
The full Wocket product FAQ is available to consumers and media at http://wocketwallet.com/pages/faq
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.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/
Corporate info: firstname.lastname@example.org
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