Nxt-ID (NXTD) Announces Patent for Behavioral-Dir
Post# of 641
Posted On: 07/20/2015 1:33:34 PM
Nxt-ID (NXTD) Announces Patent for Behavioral-Directed Authentiation Method, System
http://www.streetinsider.com/Corporate+News/N...17949.html
Nxt-ID (NASDAQ: NXTD, NXTDW) 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."
This new technology recognizes both the individual (something you are) and the action (something you know). Behavior-metrics may include, facial expressions, gesture movements, patterns drawn, or even PINs - virtually any motion, sound, or other behavior that can be detected by sensors and combine physiological features unique to a person, such as biometrics, with some unique action, such as behavior, that can be chosen by a user.
"Convenience is just as important as security", adds Mr. Tunnell. "Another key advantage of behavior-metrics is that they enable accessibility. Like directing payment by simply asking for a word that is associated with an account, users may simply perform a gesture or draw a pattern without having to view a display, enabling a method to pay for those with disabilities such as impaired vision."
Behavior-metrics simplify selecting a payment by combining it with the same authentication used to access a device. No more flipping through wallets or purses to find a payment card, or even through apps to select a payment account. A payment, loyalty, or any account can be selected quickly, immediately as the user authenticates with a device. This invention will enable mobile and wearable devices to improve both the security and convenience of performing mobile payments and will be available on Wocket® in the future.
http://www.streetinsider.com/Corporate+News/N...17949.html
Nxt-ID (NASDAQ: NXTD, NXTDW) 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."
This new technology recognizes both the individual (something you are) and the action (something you know). Behavior-metrics may include, facial expressions, gesture movements, patterns drawn, or even PINs - virtually any motion, sound, or other behavior that can be detected by sensors and combine physiological features unique to a person, such as biometrics, with some unique action, such as behavior, that can be chosen by a user.
"Convenience is just as important as security", adds Mr. Tunnell. "Another key advantage of behavior-metrics is that they enable accessibility. Like directing payment by simply asking for a word that is associated with an account, users may simply perform a gesture or draw a pattern without having to view a display, enabling a method to pay for those with disabilities such as impaired vision."
Behavior-metrics simplify selecting a payment by combining it with the same authentication used to access a device. No more flipping through wallets or purses to find a payment card, or even through apps to select a payment account. A payment, loyalty, or any account can be selected quickly, immediately as the user authenticates with a device. This invention will enable mobile and wearable devices to improve both the security and convenience of performing mobile payments and will be available on Wocket® in the future.
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