Biometrics Advancements: Tech Leaders Develop Innovative Smart Technologies as Market Quickly Evolves; Smart Wallet up Next
CORAL SPRINGS, Florida, February 10, 2014 /PRNewswire/ --
Biometric tech companies continue to cultivate mobile technology. With smart phones and smart wallets gaining popularity, the smart wallet is poised to lead the biometrics sector: NXT-ID, Inc. (OTCQB: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Nuance Communications (NASDAQ: NUAN) and Synaptics Incorporated (NASDAQ: SYNA).
NXT-ID, Inc. (OTCQB:NXTD), a biometrics company focused on the growing m-commerce market, announced the release of new product images and a consumer FAQ for Wocket™ which is set to launch this year. Wocket™ is a smart wallet much 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. Answering consumer question number one, "Why buy a Wocket™?" the FAQ tells us, "Wocket™ replaces all the cards in your wallet. Wocket™ keeps all your information private while reducing the number of cards you have to carry with you. Wocket™ is smartest wallet you will ever own."
To read the full press release, click here: http://www.fnmprofiles.com/profiles-nxtd.html
Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. Up to 10,000 cards, records, coupons, etc. and up to 100 voice commands can also be stored on Wocket™ and more can be supported with optional additional memory. Addressing competition in the digital wallet market, NXT-ID notes in the FAQ: "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(TM) does not depend upon the cloud to select or make a payment."
A key element for expansion and growth in the biometrics, m-commerce technology is the push for mobile payment platforms, which require increased security in order to aid adoption. Companies leading the path for next generation applications designed for SmartPhones and SmartWallets are NXT-ID, Apple, Google, Nuance Communications and Synaptics Incorporated.
Apple Inc. (NASDAQ: AAPL) s reportedly pushing deeper into mobile payments, leveraging its vast stockpile of credit card information from iTunes, as well as the new Touch ID sensor on the iPhone 5s. Apple also recently announced iBooks® Textbooks and iTunes U® Course Manager are expanding into new markets across Asia, Latin America, Europe and elsewhere around the world. iBooks Textbooks bring Multi-Touch™ textbooks with dynamic, current and interactive content to teachers and students in 51 countries now including Brazil, Italy and Japan; and iTunes U Course Manager, available in 70 countries now including Russia, Thailand and Malaysia, allows educators to create and distribute courses for their own classrooms, or share them publicly, on the iTunes U app.
Google Inc. (NASDAQ: GOOG) announced recently that Patrick Pichette, SVP and Chief Financial Officer, will participate in a question-and-answer session at the Goldman Sachs Technology and Internet Conference in San Francisco. The session is scheduled for 11:15 a.m. Eastern Time / 8:15 a.m. Pacific Time on Wednesday, February 12, 2014. To access the live audio webcast of the session, please visit http://investor.google.com/webcast.html.
Nuance Communications (NASDAQ: NUAN) is a leading provider of voice and language solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with devices and systems. Every day, millions of users and thousands of businesses experience Nuance's proven applications. The company provides customer service business intelligence and authentication solutions, such as speech recognition, natural language understanding, text-to-speech, voice biometrics, and virtual assistants and analytics for the telecommunications. On Friday, NUAN closed up 2.08% on over 3.9 million shares traded.
Synaptics Incorporated (NASDAQ: SYNA) develops, markets, and sells custom-designed human interface solutions for electronic devices and products and offers its human interface solutions for mobile product applications, including smartphones and feature phones, tablets, large touchscreen applications, and global positioning devices, as well as mobile, handheld, wireless, and entertainment devices. On Friday, SYNA closed up 3.60% on over 2 million shares traded.
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