Biometric Company NXT-ID, Inc. Announces Limited Edition Wocket™ to Shareholders of Record May 23, 2014

SHELTON, Conn., May 1, 2014 /PRNewswire/ -- NXT-ID, Inc., (OTCQB: NXTD) a biometric authentication company focused on the growing m-commerce market, reports it is offering a limited edition  "Signature" Wocket smart wallet to its shareholders.  Wocket™ is a next generation smart wallet, designed to replace all the cards in your wallet.

The company also announces that the retail pricing for Wocket will be $149.99.

Mr, Gino Pereira, CEO of NXT-ID, Inc. said , "Shareholders of record owning 100 shares or more as of May 23rd, 2014 that advance order, and pay for, a Wocket on the website www.wocketwallet.com between May 28th and June 15th, 2014 will be issued a special limited "Signature" edition Wocket."

NXT-ID is currently launching a marketing campaign for its smart wallet, Wocket™, which is designed to protect your identity and replace all the cards in your wallet, no smart phone required. A series of CNBC ads will start airing during prime-time hours commencing the week of May 12th, followed by a press conference and marketing event for media and shareholders May28th at the Plaza Hotel in New York. Advance ordering will be available online following the event. Additional marketing will include online and print ads for Wocket's launch.  

"Some of the largest, most successful companies have implemented similar opportunities to share the benefits of their companies with their shareholders. This is a way for us to thank our shareholders that believe in our next generation technology," said Gino Pereira, CEO of NXT-ID, Inc. "We believe can change the whole wallet industry. The wallet is the last bastion of the pre-digital age. We intend to change that by providing a modern smart wallet that is both comfortable and convenient to use, all the while protecting your identity and assets; it's your personal vault."

Wocket™ is a smart wallet in the same vein as 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. Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.

Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. and 100 voice commands can also be stored on Wocket™.

Media and shareholders wishing to attend the May 28th  Plaza Hotel event ( from 3:00 to 5:00 P.M.) can email info@nxt-id.com and request to be added to the limited guest list.

Interested consumers can also sign up for product info and news alerts in anticipation of the product.  Advance ordering will be available following the May 28th event at http://www.wocketwallet.com/

The Wocket product FAQ is available to consumers and media at http://nxt-id.com/wocket-faq/

About NXT- ID Inc. - Mobile Security for a Mobile World

NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, the Company's securities.

Forward-Looking Statements for NXT-ID

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward- looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

Contact:

Corporate info: info@nxt-id.com

Investor Inquiries:

Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com

Media: 800 665-0411

SOURCE NXT-ID, Inc.

RELATED LINKS
http://www.nxt-id.com

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Fonetic Adds Voice Biometrics To Its Award-Winning Dodd-Frank Record Keeping Compliance and Trade Reconstruction Solution

MADRID, Nov. 14, 2013 /PRNewswire/ -- Fonetic today announced it has integrated voice biometrics capabilities into its Dodd-Frank Trading Record Keeping Compliance Solution. Fonetic is the first solution provider to utilize voice biometrics to enhance bank compliance with Dodd-Frank Title VII mandates for accurate voice and data record keeping, and as a means for compliance officers to greatly improve risk and fraud detection and prevention.

Fonetic's solution captures, indexes, analyzes and extracts relevant unstructured data from all voice, email and chat interactions to create a fully-searchable database of all communications pertaining to a bank's traders and trades. By adding biometric voice analysis, Fonetic empowers banks to verify a caller's identity, track their interactions, and authenticate transactions based on their unique voiceprint. With even the smallest voice sample, Fonetic can scan millions of calls and cross-match voiceprints with other known criteria – such as call content – to identify the caller. Once identified, the caller's voice becomes searchable data that banks can use to facilitate regulatory inquiries or quickly identify inappropriate trading behaviors.

"Voice recordings play a critical role in helping banks maintain regulatory compliance and protect themselves against risk and fraud, but they become an infinitely more powerful tool when banks can use them to verify who is actually speaking with whom," said Juan Manuel Soto, CEO, Fonetic. "Fonetic's new biometric voice analysis capability helps banks 'connect the dots' between the speaker and their words, which improves communication transparency and increases protection for the organization."

Soto continues, "For banks looking to implement a Dodd-Frank trading record keeping solution before the April 2014 deadline, Fonetic's solution is still the only fully-functioning and proven platform available on the market, and we continue to drive industry innovation by being the first to integrate biometric voice analysis."

Fonetic's voice biometrics capabilities benefit banks in numerous ways, including:

Trader Identification/Verification: With only a few seconds of conversation, Fonetic can quickly verify a trader's identity. This is very useful to track traders conducting business from phones other than their designated line or traders who try to mask their identity. It can also flag restricted talk among traders or identify who was speaking during conference calls. Counterparty Recognition: Fonetic can help banks identify counterparties with whom their traders frequently speak. This could be used to trace deals from a broker's perspective, such as whether the broker has requested several prices from the bank. It can also be used to set up a black list of brokers and traders with whom the bank does not wish to work, and track them even if they switch to a new financial institution. Trade Reconstruction: Recognizing the same voice or group of voices in different calls simplifies trade reconstruction. Filtering by voiceprint pairs can help banks find pre-deal, deal and post-deal conversations with the same counterparty or broker independent of the financial institution involved. Compliance and Reporting: Identifying and analyzing calls belonging to the same trader and counterparty can be used for statistical reports, such as how long or often traders speak with clients, or to create alerts, such as tracking suspected financial abuse or calls with black-listed traders.Fonetic's award-winning Trading Record Keeping Compliance Solution was developed in 2009 for Banco Bilbao Vizcaya Argentaria (BBVA) to proactively prevent market abuse and adhere to stringent legislation. The solution, also implemented globally by The Santander Group, can monitor communications in up to 79 different languages and dialects, enabling compliance officers to find specific information and reconstruct all interactions associated with a trade in moments.

Fonetic's voice biometrics technology is provided by AGNITIO, the worldwide market leader in voice biometrics solutions for the government and commercial sectors, whose extensive customer base includes police, intelligence, military and other government organizations, as well as banks and financial institutions in more than 35 countries. AGNITIO's sophisticated algorithms allow for more accurate calculations of Likelihood Ratios involved in speaker verification, providing the highest level of accuracy, flexibility, and performance.

About Fonetic
Fonetic helps businesses and institutions get to know and understand their customers better.  The company works with major international banks, contact centres and utility companies including Vodafone, Telefonica, Santander, BBVA and Direct Line (Linea Directa). Fonetic brings social media, data analytics, sentiment analysis and unstructured data together into a single multi-channel, multi-language solution that decodes customer behaviour and makes recommendations on how to act.  Its Dodd-Frank Record Keeping Compliance Solution is the only linguistic-based solution in the market that enables banks to meet the latest record keeping requirements on derivative and swap trading ahead of the April 2014 compliance deadline.

SOURCE Fonetic

RELATED LINKS
http://www.fonetic.com

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