Navigation Links
NXT-ID Patents Collaborative Services to Enable the "Internet of Things"
Date:2/12/2015

OXFORD, Conn., Feb. 12, 2015 /PRNewswire/ -- NXT-ID, Inc. (NASDAQ: NXTD and NXTDW) ("NXT-ID" or the "Company"), a biometric authentication company focused on the growing mobile commerce market, announced today that it has filed provisional patent 62/113114 for

DISTRIBUTED METHOD AND SYSTEM TO IMPROVE COLLABORATIVE SERVICES ACROSS MULTIPLE DEVICES.

The patent further establishes NXT-ID's position in the emerging "Internet of Things" by adding to its intellectual property portfolio the ability for multiple devices to collaborate with one another to improve various services such as personal authentication.  The patent also introduces new collaborative payment authentication methods by requiring multiple devices such as wearables and mobile devices to collaborate with one another before a payment can be made.

"Wearable and mobile devices will interact with traditional stationary devices more and more in the future," says David Tunnell, Chief Technology Officer of NXT-ID.  "As watches, phones and smart wallets interact more and more with locks, appliances and point of sale (POS) systems, for example, the opportunity to harness the collective processing and unique features of the devices to improve user experience exists.  Unfortunately, the opportunity for hacking also exists.  The multi-device collaborative services described within this patent improve not only the convenience of interaction with multiple devices, but also improves security through collaborative authentication services."

He also went on to say, "This patent ‎further advances biometric authentication for our Wocket™ smart wallet by enhancing training of our voicematch algorithm using multiple devices. We also enhance security of Wocket by introducing a new proximity based payment solution that requires multiple devices, such as Wocket and Wocket card, to be present before payment can be performed. This method further reduces potential fraud by only authorizing payment if both devices communicate without one another, further reducing any possibility of loss of personal information due to theft of either device."

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/

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.

NXT- ID Inc Contact:
Corporate info: info@nxt-id.com

Investors:
investors@nxt-id.com

Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.com


'/>"/>
SOURCE NXT-ID, Inc.
Copyright©2015 PR Newswire.
All rights reserved

Related biology news :

1. Biometrics & Technology Sector Leaders Briefing: NXT-ID, Intel, Sony, Facebook, Dell
2. Security and Your Money: Tampa Bay Radio Host Cedric Harris Talks to NXT-ID CEO Mr. Gino Pereira about the Wocket Smart Wallet
3. NXT-IDs Next Generation Wocket Smart Wallet to be Featured on NewsWatch, Airing on History Channel, FYI Network and ION Network
4. Boomer Times Gets to Know NXT-IDs Next Generation Wocket Smart Wallet; Practical, Secure and Easy to Use
5. NXT-IDs Next Generation Biometric Smart Wallet Featured on NewsWatch Consumer Show on the History Channel and FYI Network Today, July 31st
6. Nxt-ID Approved for NASDAQ Capital Market Listing
7. NXT-ID Patents Offline Local Identity Validation and Fraud Prevention System
8. Nxt-ID, Inc. Announces Pricing of Public Offering of Common Stock and Warrants
9. NXT-ID Commences Trading on NASDAQ Capital Market
10. NXT-IDs Vinny Paz Celebrity Ad Wocket Update: Katey Sagal and Ciaran Hinds Attached to His Upcoming Movie
11. NXT-ID Issues Shareholder Corporate Update
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/16/2019)... (PRWEB) , ... June 14, 2019 , ... ... Americans invited to lecture at the fifth annual Neodent World Congress. Attended by ... the innovative progress and latest advancements in the world of dentistry. The three-day ...
(Date:6/14/2019)... ... 14, 2019 , ... Molecular diagnostics segment is the fastest-growing segment within the ... Major segments that are expected to drive the growth are infectious diseases, cancer, ... segments in Kalorama’s The World Molecular Diagnostics Market, 8th Edition . , The ...
(Date:6/13/2019)... ... June 13, 2019 , ... Global Clinical ... serving the end-to-end clinical and ancillary supply chain management needs of large- and ... research organizations, today announced it will sponsor a summer education program offered by ...
Breaking Biology News(10 mins):
(Date:5/31/2019)... ... 2019 , ... A study released today in STEM CELLS ... sustained release of human placental stem cell (HPSC)-derived conditioned medium (CM) to treat ... into the injured kidney, where it helped restore function and regenerate injured tissue. ...
(Date:5/14/2019)... HARBOR TOWNSHIP, N.J. (PRWEB) , ... May 13, ... ... manufacturer of custom built, helium-based leak testing instruments for the Pharmaceutical, Biotechnology, Medical ... completely new Heliumleak.com company website. The redesigned website aims to improve LDA’s ability ...
(Date:5/4/2019)... BROOK, N.J. (PRWEB) , ... May 03, 2019 ... ... electrophysiology, announces the release of the Diopsys® ffERG/Photopic Negative Response vision ... of glaucoma. , By 2050, it is estimated that 6.3 million Americans will ...
(Date:5/2/2019)... ... May 02, 2019 , ... Boston Robotic Hair Restoration ... Gone are the days of painful hair transplant procedures. Boston Robotic Hair Restoration ... the only robotic intelligent solution to offer a minimally invasive procedure. With the ...
Breaking Biology Technology: