NXT-ID (NasdaqCM: NXTD) Patents Behavior-Directed Payments

NXT-ID achieves another new convenient and secure method to make payments. With this patent, NXT-ID further expands new, innovative payment methods, introduced with its groundbreaking voice-direct payment patent application, with behavior-directed payments by introducing a new class of authentication called “behavior-metrics”.

NXT-ID (NasdaqCM: NXTD) Patents Behavior-Directed Payments
NXT-ID (NasdaqCM: NXTD) Patents Behavior-Directed Payments

OXFORD, Conn. – July 13, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (Nasdaq:NXTDNXTDW) (“the Company” or “NXT”), a biometric authentication company focused on the growing mobile commerce market, announced today that it has filed provisional patent 62/188684 for BEHAVIORAL-DIRECTED AUTHENTIATION METHOD AND SYSTEM.

NXT-ID achieves another new convenient and secure method to make payments. With this patent, NXT-ID further expands new, innovative payment methods, introduced with its groundbreaking voice-direct payment patent application, with behavior-directed payments by introducing a new class of authentication called “behavior-metrics”.

“Like voice-directed payments where you can simply say to pay, this invention enables you to draw to pay,” says David Tunnell, CTO of NXT-ID. “Users are very familiar with typing a PIN or drawing a pattern to access a device. Soon, they can also choose a payment account using the same methods they use to authenticate with a device.”

This new technology recognizes both the individual (something you are) and the action (something you know). Behavior-metrics may include, facial expressions, gesture movements, patterns drawn, or even PINs – virtually any motion, sound, or other behavior that can be detected by sensors and combine physiological features unique to a person, such as biometrics, with some unique action, such as behavior, that can be chosen by a user.

“Convenience is just as important as security”, adds Mr. Tunnell. “Another key advantage of behavior-metrics is that they enable accessibility. Like directing payment by simply asking for a word that is associated with an account, users may simply perform a gesture or draw a pattern without having to view a display, enabling a method to pay for those with disabilities such as impaired vision.”

Behavior-metrics simplify selecting a payment by combining it with the same authentication used to access a device. No more flipping through wallets or purses to find a payment card, or even through apps to select a payment account. A payment, loyalty, or any account can be selected quickly, immediately as the user authenticates with a device. This invention will enable mobile and wearable devices to improve both the security and convenience of performing mobile payments and will be available on Wocket® in the future.

Click here to read this release in full

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 virtually any other information can be protected on Wocket®.

Click here to buy the Wocket®

See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq

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