"It's a device containing a card created to replace all the cards in your wallet, all biometrically secured, separate from your smartphone" -- Gino Pereira, CEONew Images for Wocket and Wocket Card Released Prior to Launch May 28th at Wocketwallet.com
A biometric authentication company focused on the growing m-commerce market announces Gino Pereira, CEO of NXT-ID, Inc., will demonstrate the functionality of its next generation smart wallet, Wocket™, designed to replace all the cards in your wallet, at the May 28th launch event at the Plaza in New York City.
Gino Pereira, CEO of NXT-ID, Inc. said, "Wocket™, is a device that contains a single card that is used to make financial transactions and to process information. A user scans their cards directly into wocket with a scanner that we provide. When processing a transaction, the user accesses the touch screen on wocket after first identifying himself or herself through voice authentication or using a PIN. After that it's as simple as pressing the desired button on the touch screen to use the wocketcard, which now has the information from your card of choice. We take a big bulky wallet and turn it into a sleek, secure and simple solution."
"Wocket is very unique in the payment space, different from a mobile wallet, mobile payment app or other multi card consolidators. Wocket is separate from your phone, so you never have to worry about having all that information in the wrong hands, or running out of battery life. We don't just replace your credit cards; we can store up to 10,000 cards – your loyalty cards, coupons, identity cards, basically any card in your wallet. They key is that wocket also stores your cash so it is a complete replacement for your wallet. "
He went on to state, "We are extremely excited to introduce Wocket to the multitude of consumers that are concerned about the safety of their identity and payment. Wocket is a convenient and safer alternative to a traditional wallet."
Media and shareholders wishing to attend the May 28th event can email info@nxt-id.comor call 800 -665-0411 (Limited attendance so registration is required in advance)
Wocket ™ Consumer FAQ Hi- lights:
" What is Wocket ™?
Wocket™ is a smart wallet. Like the smart phone and smart watch, NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices.
"What does Wocket™ do?
Wocket™ locks all of your private information in an electronic "vault", where only an authenticated owner can authorize access to the data. Thus, you can "lock it with Wocket™ in your pocket", protecting your private information from unauthorized access.
"What makes Wocket™ smart?
Wocket™ smart wallet protects all of your private information inside an electronic vault while reducing the number of cards in your wallet. Dynamic pairing for authentication and encrypted data transfer with other secondary devices along with a plethora of new, innovative features makes Wocket™ the smartest wallet ever devised.
"How is Wocket™ different from other smart card solutions?
Wocket™ is not a smart card - it is a smart wallet. Thus, it can communicate with smart cards, but is not limited in the number, type, or method of communication of private information that typically restricts the use of a smart card. Furthermore, Wocket™ is not dependent on proximity or any other external factors to secure and choose soft-cards containing private information.
"How is Wocket™ different from other digital wallet solutions?
Rather than replace a wallet as many "digital wallet" technologies attempt to do, we chose to improve the wallet. Unlike other digital wallet solutions that depend on connectivity to choose a payment account, Wocket™ does not depend upon the cloud to select or make a payment.
"Does Wocket™ require another device, such as a cell phone?
No. Although Wocket™ does not require any other peripheral for security or "proximity sensing", Wocket™ can authenticate with secondary devices prior to transaction as an additional step in security as well as utilize a Wocket™ app on other devices to select or manage a soft-card, all without revealing private information.
"How do I access my private information?
A combination of biometrics, personal PIN or pattern provides multi-factor security for your Wocket™. Once Wocket™ verifies your identity, you can simply select whatever soft-card or information you want from the touch screen display, or in some configurations, your voice command.
"How many cards can be securely stored on a Wocket™?
Up to 10,000 cards, records, coupons, etc. and up to 100 voice commands can also be stored on Wocket™. More can be supported with optional additional memory.
The Wocket will retail for $149.99.
About NXT- ID Inc. - Mobile Security for a Mobile World NXT-ID, Inc.'s (otcqb:NXTD) 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 the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.thewocket.com/ ,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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