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Biometrics Tech Companies Move Toward Mobile Payment Products with New Smart Wallet Options: New Patent Application to Integrate Intelligent Systems for Newest Smart Wallet
Date:9/3/2014

CORAL SPRINGS, Florida, September 3, 2014 /PRNewswire/ --

Smart Technology and Leading Biometrics Companies release latest mobile payment platforms, patents & technology advancements for the consumer market of secure Next Generation Smart Wallets: NXT-ID, Inc. (OTCBB: NXTD), Apple Inc. (NASDAQ: AAPL), Visa Inc. (NYSE: V), MasterCard Inc. (NYSE: MA), Google Inc. (NASDAQ: GOOG) and American Express Co. (NYSE: AXP)

NXT-ID, Inc. (OTCQB:NXTD), a biometric authentication company focused on the growing mobile commerce market, announced today that it has submitted a patent application for methods to integrate intelligent systems into a wallet to form a smart wallet.  This patent primarily discusses mechanical methods and approaches to add electronics to turn average wallets into smart wallets and follows an earlier patent submission by the Company for a method to replace traditional payment and identity management systems.  "This patent reinforces our intellectual property position in the mobile and wearable markets, especially in the area of smart wallets," states David Tunnell, CTO of NXT-ID.  "This invention details how various electronics, such as touch screens, buttons, batteries and microphones with voice recognition can be added to materials, providing tight integration that enhances wallet functionality."

The patent also describes methods that achieve an accessorized wallet where multiple styles of wallets can be interchangeable to the base electronics.  

To read the full press release, please click here: 

SOURCE FN Media Group, LLC
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