CreditUnionTimes.com, Payment Week & Biometric Update Covers Latest Technology News from NXTD
OXFORD, Conn. - 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.
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
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
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
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See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq
Product images are available for media at: http://press.nxt-id.com
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/
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.
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D. Van Zant
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