$NXTD News - Ground Breaking Patent Announcement for Voice Directed Payment Platform Coupled With a New Deal With Major Carriers Sets up Significant Changes in Smart Wallet Industry

CORAL SPRINGS, Florida, - (http://www.financialnewsmedia.com News Alert) - Biometric advancements lead to the latest convenience access for consumers jumping into the Smart Wallet market with ground breaking payment methods for mobile commerce sector from Tech leaders such as by NXT-ID, Inc. (NASDAQ: NXTD). And to compete with Apple Pay (NASDAQ: AAPL) Google (NASDAQ: GOOG) has struck deals to have Google Wallet pre-installed on Andriod phones with Verizon (NYSE:VZ), AT&T (NYSE:T).



NXT-ID, Inc. (NASDAQ: NXTD) and (NXTDW), a biometric authentication company focused on the growing mobile commerce market, announced today that it has filed provisional patent 62114357 for DISTRIBUTED VOICE DIRECTED PAYMENT METHOD AND SYSTEM. With this patent, NXT-ID introduces a new groundbreaking payment method. Payment accounts may be selected via voice recognition and the payment account may only be accessed if both the speech (the word associated with the payment account) and the speaker (a biometric) are both recognized. Once recognized, payment is directed to an appropriate interface, such as Magnetic Stripe Emulation (MSE), Near Field Communication (NFC), or other interface to perform the payment with the selected account. The patent also introduces the concept of \"voice cards\", which are alias names given by a user to describe specific private information such as credit and debit cards, further enhancing security as well as convenience. Read the full NXTD press release at http://www.financialnewsmedia.com/profiles/nxtd.html



\"We are very excited to offer this new convenient and secure method to make payments\", says David Tunnell, Chief Technology Officer of NXT-ID. \"We\'ve all been there - Waiting in line as we fumble through our wallets to fine the right card or information. With this invention, we not only secure your data by recognizing you are who you say you are from your voice, but we also provide an extremely convenient way for you to select how you wish to pay.\"



Like most of NXT-ID\'s patents, this technology works with current Point-of-Sale (POS) technologies such as NFC and Magnetic Stripe, but also can enhance the existing POS with added security as well as provide a path for more convenient and more secure future payment technologies....