NXT-ID (NasdaqCM: NXTD) Patents Behavior-Directed Payments
OXFORD, Conn. - July 13, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (Nasdaq:NXTD; NXTDW) ("the Company" or "NXT"), a biometric authentication company focused on the growing mobile commerce market, announced today that it has filed provisional patent 62/188684 for BEHAVIORAL-DIRECTED AUTHENTIATION METHOD AND SYSTEM.
NXT-ID achieves another new convenient and secure method to make payments. With this patent, NXT-ID further expands new, innovative payment methods, introduced with its groundbreaking voice-direct payment patent application, with behavior-directed payments by introducing a new class of authentication called "behavior-metrics".
"Like voice-directed payments where you can simply say to pay, this invention enables you to draw to pay," says David Tunnell, CTO of NXT-ID. "Users are very familiar with typing a PIN or drawing a pattern to access a device. Soon, they can also choose a payment account using the same methods they use to authenticate with a device."
- Published: 13 July 2015
- Written by Investor Ideas