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Wocket Smart Wallet Prepares for EMV
http://finance.yahoo.com/news/nxt-id-inc-join...00675.html
OXFORD, CT., Aug. 20, 2015 /PRNewswire/ -- NXT-ID, Inc. (NXTD) ("NXT-ID" or the "Company" , a biometric authentication company focused on the growing mobile commerce market and creator of the Wocket® smart wallet, announces it has joined The Smart Card Alliance and the EMV Migration Forum.
Joining the Smart Card Alliance and the Smart Card Alliance Latin America (SCALA) Chapter provides NXT-ID, Inc. direct access and visibility to industry peers and thought leaders promoting adoption of smart card technology.
To further build upon its position in the evolving payment industry NXT-ID has also become a member of the EMV Migration Forum.
Gino Pereira, Chief Executive Officer of Nxt-ID. Inc. said, "As we prepare Wocket for the introduction of EMV chip cards and other digital payment technologies, we are looking forward to contributing to these two important associations at the forefront of next generation payments. One of the advantages of Wocket's flexible platform is that we are able to accommodate new payment technologies as they emerge."
The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology.
Through specific projects such as education programs, market research, advocacy, industry relations and open forums, the Alliance keeps its members connected to industry leaders and innovative thought. The Alliance is the single industry voice for smart cards, leading industry discussion on the impact and value of smart cards in the U.S. and Latin America. http://www.smartcardalliance.org.
The EMV Migration Forum is a not-for-profit, cross-industry body focused on supporting alignment of the EMV implementation steps required to ensure a successful move from magnetic stripe technology to EMV contact and contactless technology in the United States. http://www.emv-connection.com
NXT-ID, Inc is also a member of The FIDO (Fast IDentity Online) Alliance. (http://www.fidoalliance.org/).