Patent further advances biometric authentication for Wocket™
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."
