The "IoT Stamp" is an intelligently connected electronics module that can fit within most devices NXT-ID, a security technology company, announces that, in cooperation with Nordic Semiconductor, ASA, the Company demonstrated a miniature module within a wearable smart band to enable devices powering the IoT (Internet of Things). The "IoT Stamp" is an intelligently connected electronics module that is small enough and low power enough to fit within most devices, even a smart card or a watch band. Key functionality includes patent pending ultra-low power "buttonless" wake-up, motion activation, and personalized services including identification services, multi-factor biometric authentication, and payment technologies including Near-Field Communications(NFC) and wireless magnetic stripe (Wi-Mag). Gino Pereira, Chief Executive Officer of NXT-ID stated, "The "IoT Stamp" enables a new class of "intelligently-connected" devices that only connect to the internet when required and utilizes our patented dynamic pairing technology to secure communications between devices. We believe this is the first-time Bluetooth Low Energy (BLE) and NFC technologies have been integrated on the same chip which was supplied by Nordic. This module, once fully developed, will be made available for sale to manufacturers of products that require highly capable, miniature, low power electronics for communication and payments.”
FaceMatch uses advanced facial recognition algorithms to implement access control NXT-ID, Inc., a company focused on the growing mobile commerce announces that it has joined the Cisco Solution Partner Program as a Solution Partner.Cisco Solution Partner ProgramGino Pereira, Chief Executive Officer, said, "We are very excited about our collaboration with Cisco as a Solution Partner and see it as a milestone for our business strategy moving forward. Having access to the Cisco Partner Ecosystem will play an important role in growing our business. Through this program we intend to provide biometric and encryption solutions involving facial recognition and later on, voice recognition." According to Transparency Research, a next generation provider of syndicated research, the global video surveillance and video surveillance as a service (VSaaS) market is expanding at a CAGR of 17.0% from 2016 to 2024. By the end of 2024, it is expected to rise above US$88 billion, after being valued around US$21 billion in 2015. MobileBio FaceMatch Facial Recognition Technology MobileBio FaceMatch is a modular facial recognition technology that can be provisioned to compliment a variety of video surveillance and VSaaS platforms including smartphones, tablets, laptops and desktop computers. Depending on the number of cameras available and level of security desired, FaceMatch uses advanced facial recognition algorithms to allow the user access to their device, data, or door. The technology can be hosted on the device or configured to access cloud computing for remote authentication via NXT-ID's BioCloud Authentication and Identity Management Services. The technology will also soon be available as an app on the iPhone and Android platforms. Delivering Integrated Solutions The Cisco Solution Partner Program, part of the Cisco Partner Ecosystem, unites Cisco with third-party independent hardware and software vendors to deliver integrated solutions to joint customers. As a Solution Partner, NXT-ID, Inc. offers a complementary product offering and has started to collaborate with Cisco to meet the needs of joint customers. Save
NXT-ID builds its team of financial services and retail experts to maximize the opportunities for Wocket Smart Wallet NXT-ID, Inc. ("NXT-ID" or the "Company"), a biometric authentication company focused on the growing mobile commerce market and creator of the Wocket® smart wallet announces Mr. Stanley E. Washington, former long- term executive at American Express has been appointed to its Board of Directors. Over 25 Years' Experience Mr. Washington is recognized as a key business leader in the financial services industry with over 25 years' experience. Currently, as Founder and Chief Executive Officer of Pantheon Business Consulting (PBC) he manages a strategic business development firm which focuses on partnering fast growing small & mid-sized companies in emerging categories with large strategic partners; providing senior leadership teams with innovative thought leadership concepts aimed at increased revenue generation, consumer program activation and diverse strategic supplier partnership development for the building of long-term shareholder growth and profitability. Prior to PBC Stan spent 17 years as an executive at American Express and was Regional Vice President and General Manager of the Western United States operating as the region's senior business leader where he managed American Express' U.S. Commercial Card Division overseeing the Account Development Organization including sales and operational support across multiple industries, to more than 260 U.S. based companies, representing over $300 billion in annual corporate revenue. During his career at American Express he held numerous positions within the company including Regional Vice President and General Manager of the American Express Establishment Services Division where he was responsible for over $50 billion in annual charge volume, managing all merchant account relationships, card member marketing, sponsorships and advertising to more than one million American Express merchant business locations throughout the Western States and Micronesia. During his tenure he was also responsible for American Express' penetration into several key industries including entertainment, gaming, restaurant, wine, ski and luxury hotels. Gino Pereira, CEO Comments On Stanley's Expertise Gino Pereira, Chief Executive Officer, said, “Stan's expertise, experience and connections in the financial payment space perfectly compliment the outstanding retail expertise that William Fields, former CEO of Wal-Mart Retail Stores, brings to NXT-ID. Together we have a formidable team to maximize the opportunities for Wocket Smart Wallet and other disruptive technologies that we will be bringing to market in the near future.” Mr. Stanley E. Washington said, "I'm excited to be joining the Board of NXT-ID at a time when there is so much disruption and opportunity in the payment space. I believe that the company's technologies are well suited to the future direction of mobile payments and that I can be a catalyst for those efforts." Wocket Smartest Wallet Wocket® is the smartest wallet user will ever own. Designed to protect the identity and replace old wallet, simply swipe and save cards into Wocket once and they are immediately secured with pin and biometric voice print technology. Without ever needing a smartphone, users can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) to match the selection. From there, users just swipe as they normally would virtually anywhere that credit cards are accepted today. All credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and other information can be protected on Wocket®.
3D-ID LLC has a suite of 3D facial recognition products developed for government & law enforcement NXT-ID, Inc., announces that its wholly owned subsidiary, 3D-ID LLC, a company engaged in biometric identification is an official contractor under Team Battelle for the biometrics technology portion of the recently awarded TIES (Technical Information Engineering Services) Unrestricted Suite Contract from the Department of the Army. Biometric Identification 3D-ID LLC has a suite of 3D facial recognition products developed for government, law enforcement and security agencies. Gino Pereira, Chief Executive Officer said, "We are very proud to be part of Team Battelle and contributing our expertise in biometric technologies. This award is the culmination of 2 years hard work by many parties involved. Although the Company's primary focus has been on our biometric smart wallet, the Wocket®, currently being shipped to our pre-order customers, we have continued to develop opportunities for our core biometric products. We look forward to supporting Battelle on future task orders." The contracts were awarded on 08 May 2015, and include nine total awardees. The estimated total contract value of the entire TIES program is $994M. This IDIQ contract will be Task Order driven and Task Orders under the Unrestricted Suite will be issued on a Full and Open Competition Basis among all nine Awardees. The work conducted under TIES will span multiple areas of interest supporting the Information and Intelligence (I2WD) mission including Biometric Enabled Intelligence (BEI). I2WD is the Intelligence and Information Warfare Directorate which is part of the US Army's Communication's-Electronics Research, Development and Engineering Center (CERDEC).
Wocket® supports a wide range of retailers and merchants, as well as ATM's & gas stations NXT-ID, Inc., a biometric authentication company focused on the growing mobile commerce market, announces that its Wocket® Smart Wallet will commence shipping to pre-order customers the first week of May, 2015 and will be fulfilling all paid pre-orders through the month of May. Gino Pereira, Chief Executive Officer said, "This is a significant milestone for the company as Wocket® enters the consumer market. We would like to express our appreciation to all our pre-order customers that have waited patiently to receive this revolutionary product." User Friendly Early access customers who tested Wocket® at a large number of locations confirm that Wocket® supports a wide range of retailers and merchants, as well as ATM's, gas stations with dip style readers and point-of-sale terminals that require your full name which other emerging card technologies find difficult. Feedback from these early access customers has been incorporated Into Wocket® to improve reliability and ease of use. Gino went on to say, "What we have achieved is truly unique and game-changing. We have developed a personal vault that not only protects your identity, but also enables you to pay with a new technology that also works with current payment systems that we use today." "We will be issuing invitations for purchase to our backlog of registered consumers subsequently in June, followed by full-scale release to the general public." Benefits Wocket® can be ordered at Wocketwallet.com, and will be available at well- known retail outlets later this year. Wocket® is a smart wallet designed to protect usersidentity and replace all the cards in their wallet, with no smart phone or cloud required. Wocket® works anywhere credit cards are accepted and only works with your biometric stamp of approval. All your credit, debit, loyalty, gift, ID, membership, insurance, tickets, medical information, passwords, and virtually any other card can be protected on Wocket®.
NXT-ID Inc., a biometric authentication company focused on the growing mobile commerce market, announces it has shipped Wocket® smart wallets. "We will be shipping a limited number of Wockets to early access pre-order customers over the next few weeks in preparation of fulfilling all pre-orders," said Gino Pereira, Chief Executive Officer of NXT-ID. "We will incorporate early access customer feedback from these shipments into Wockets we will ship to all pre-paid customers this spring to ensure a positive experience for all of our early adopters." He went on to say, "We are extremely excited to see the Wocket evolving into the revolutionary payment and smart wallet technology we envisioned at inception. This shipment marks the introduction of a new era in smart, privacy-centric products, and represents a major milestone in establishing Wocket as the smart wallet of the future." Protects Identity: Wocket is a smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone or cloud required. Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. All your credit, debit, loyalty, gift, ID, membership, insurance, tickets, medical information, passwords, and virtually any other card can be protected on Wocket.