NXT-ID Inc., a biometrics company focused on the growing mobile commerce market, announced recently that it has successfully ported its MobileBio Voicematch algorithm to its widely anticipated next generation payment and identity product -- the Wocket.
The Wocket is a new class of biometrically secure mobile devices designed to bring the traditional wallet into the 21st century by providing the functionality of a wallet and incorporating a touch screen and a single dynamically programmable card to use for credit, debit and any other magnetic stripe functions.
"We are pleased we have surpassed this important milestone in the development of the Wocket," says Gino Pereira, CEO of NXT-ID. "Authenticating users with our Voicematch speaker plus command recognition algorithm is a very convenient and user friendly way to use the Wocket while improving security over traditional authentication methods."
Voicematch is a key multi-factor biometric technology and a major building block of NXT-IDs MobileBio mobile and wearable identity technologies that bring full control and protection of private data to authenticated owners of the data.
"We are pleased with the continued development of the Wocket," says David Tunnell, CTO of NXT-ID. "Our approach eliminates the need for passwords by authenticating identity in a natural way for users. With Voicematch, users can simply ask for a user-defined name of a card and the Wocket then automatically programs the NXTCard with the card of their choice."
The company reported that it had successfully developed its Voicematch algorithm on November 4th, which was ahead of schedule. The multi-platform technology will run on mobile platforms such as Android and iOS, as well as laptops and desktops.
The company will be issuing an update and video of successful demonstrations of its Voicematch algorithm technology on Smartphone platforms in the near future.