NXT-ID, Inc. (Nasdaq:NXTD; NXTDW) Media Alert for Recent Patent News; DISTRIBUTED VOICE DIRECTED PAYMENT METHOD AND SYSTEM
OXFORD, CT - February 25, 2015 (Investorideas.com Newswire) Investorideas.com reports on recent media coverage for featured tech stock, NXT-ID, Inc ( NASDAQ: NXTD ) and its recent news on the Company’s latest patent for “ DISTRIBUTED VOICE DIRECTED PAYMENT METHOD AND SYSTEM.”
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/
Patent filed for voice-directed payment system
Oxford-based NXT-ID, which sells the Wocket smart wallet, has filed a provisional patent for a voice-directed payment system. NXT-ID is a biometric authentication company focused on the mobile commerce market. With this patent, the company is introducing a new payment method where accounts can be selected via voice recognition and the payment account may be accessed only if the speech (the word associated with the payment account) and the speaker (a biometric) are both recognized. NXT-ID's Wocket was recognized as one of the top technology products at the 2015 Consumer Electronics Show by multiple outlets including Wired.com. The Wocket works anywhere credit cards are accepted and only works with the owner's biometric stamp of approval.
Read the full article at http://www.ctpost.com/news/article/Patent-filed-for-voice-directed-payment-system-6100072.php
By Sanna Chu
Credit Card Voice Activation Coming Soon Thanks To Smart Wallet Maker
Smart credit cards that you control through voice commands may soon be a thing thanks to Wocket smart wallet maker, NXT-ID. The voice activation makes it easier to pull up one of up to 10,000 cards that might be stored on your Wocket smart wallet but it also provides an additional layer of security. The Wocket smart wallet can store digital version of up to 10,000 of your cards. You can swipe all your stripe cards like credit cards into the Wocket, scan in barcode cards or manually enter textual information. So instead of carrying all these physical cards, your smart wallet houses a digital version of the cards that can be accessed via the Wocket’s touchscreen. When it comes to paying, you can tap the wallet on POS systems that support NFC technology or you can load the card information onto the accompanying Wocket card to physically swipe a card. Therefore, Wocket smart wallet system will work anywhere credit cards or mobile tap to pay are accepted. With the new voice activation system, instead of pulling up the card you want through the touchscreen, you can just say the card you want out loud. Fortunately, you can name your cards so instead of shouting Mastercard account ending in 1234, so you can say Ice cream sundae account or grocery card instead of Black Amex Card. Unlike other smart cards or wallets, the Wocket can work on its own without an accompanying app or Internet connection. But there are also accompanying smartphone and desktop apps, so voice control and verification can also work across different devices.
Read the full article: http://www.idigitaltimes.com/credit-card-voice-activation-coming-soon-thanks-smart-wallet-maker-417205
By Edwin Kee
NXT-ID Patents Voice Directed Payment
Just in case you have not heard of NXT-ID, Inc. before, they are a biometric authentication company that is focused on the growing mobile commerce market. Well, it is interesting to note that the company has just filed a provisional patent 62114357 for DISTRIBUTED VOICE DIRECTED PAYMENT METHOD AND SYSTEM. This particular patent would see the introduction of a new groundbreaking payment method. You will be able to select payment accounts using voice recognition, while the payment account may be accessed only if the speech (the word associated with the payment account) and the speaker (a biometric) - both of them, are recognized. Similar to many of NXT-ID’s patents, this particular technology will play nice with existing Point-of-Sale (POS) technologies such as NFC and Magnetic Stripe.
Read the full article at http://www.ubergizmo.com/2015/02/nxt-id-patents-voice-directed-payments/
NXT-ID patents voice-driven payments solution
Biometric security firm Nxt-ID, which develops the Wocket digital wallet, has filed a patent for a voice directed payment solution that the firm says will offer a convenient and secure biometric option for making purchases. Under NXT-ID’s new system, payment accounts stored on a mobile wallet or device can be selected via voice recognition and the payment account only be accessed if both the speech (the word associated with the payment account) and the speaker (a biometric) are both recognized. Payment is then directed to an appropriate interface, such as Magnetic Stripe Emulation (MSE), Near Field Communication (NFC), or other interface to perform the payment with the selected account. Earlier this month, the firm patented a solution that created the ability for multiple devices to collaborate with one another to improve various services such as personal authentication. NXT-ID’s Wocket works on existing payment terminals. The device is the size of a small calculator and can store data on up to 10,000 debit, credit and loyalty cards. Wocket can also communicate with phones or tablets using an app.
Read the full article at http://www.planetbiometrics.com/article-details/i/2732/
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