Point Roberts, WA and New York, NY - November 9, 2015 (Investorideas.com newswire) Investorideas.com, a global news source covering leading sectors including tech reports on the recent Money20/20 2015 Conference held at the Venetian in Las Vegas and the role biometrics will play in the future of the payment industry.
Investorideas.com spoke to one of the exhibiting companies at Money 20/20 focusing on biometric security for the payment sector. Gino Pereira, CEO of NXT-ID (NASDAQ:NXTD) shared how his company is taking a unique approach to payment technology. Unlike an Apple Pay, his company’s Wocket® is separate from a phone.
They have also created dual authentication access with a combination of PIN and/or their voice recognition technology, VoiceMatch™.
Gino said, “All your information is stored in here - in this secure unit and as you select the items to pay, it programs one single card. In fact, it becomes a secure method by which you swipe and pay with the card of your choice. If you lose it, there is no identifying information on your card so nobody can take your credit card number. If you lose your Wocket®, all your information is stored securely so without the alpha numeric pin or voice biometrics to gain access, there is no way you can take over my Wocket. (www.wocketwallet.com).”
Video Clip: Gino Pereira, CEO of NXT-ID talks about Wocket at Money 20/20
* Note there are some edits in this video due to background noises at Money 20/20 and part of the audio was re-recorded.
Gino Pereira, CEO of NXT-ID at Money 20/20
Wocket smart wallet
Samsung Pay at Money 20/20
About Wocket www.wocketwallet.com
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 other information can be protected on Wocket®.
Buy Wocket® at www.wocketwallet.com
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)
N XT-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 most anywhere credit cards are accepted and only works with your biometric stamp of approval or passcode. http://www.wocketwallet.com/
About Money20/20 (http://www.money2020.com/)
As the industry's primetime conference and trade show, Money20/20 delivers the biggest scale, best audience and most engaging event. Money20/20 is the largest global event focused on payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000+ CEOs, from 3,000+ companies and 75 countries, expected at our 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money.
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