Biometrics Advancers Look to Improve Password Protection: Company Seeks Patent for Adaptable Authentication and Data Exchange Method

March 26, 2014

CORAL SPRINGS, Florida, March 26, 2014 /PRNewswire/ –

Biometrics and Leading Technology companies move towards improving mobile security as
consumer risks increase: NXT-ID, Inc. (OTCBB: NXTD), Google, Inc. (NASDAQ: GOOG),
Microsoft Corporation (NASDAQ: MSFT), Salesforce.com, Inc. (NYSE: CRM) and Apple, Inc.

NXT-ID, Inc. (OTCBB: NXTD), a biometric authentication company focused on the growing
mobile commerce market, announced today that it has submitted a patent application for a
universal and adaptable authentication and data exchange method. As a follow-up to U.S.
provisional patent application No. 61/802,681, NXT-ID has filed patent application
14/217289 for universal authentication and data exchange method, system and service. The
patent is a significant step forward in NXT-ID’s vision to provide its proprietary
MobileBio(R) authentication to a number of applications including financial transactions.
MobileBio(R) enables users to identify themselves to a variety of other devices from a
single device carried or worn by an individual.

To read the full press release, please click here:


In the MobileBio(R) ecosystem, devices know each other from a history of communication
between one another. This history builds trust between devices by utilizing another NXT-ID
invention, dynamic pairing. Since each device is dynamically paired with one another, it
maintains a history of trust to secure its communications. When a user authenticates
themselves with a local device such as a phone, watch, ring or a smart wallet, the user is
also authenticating with other devices and applications that it encounters. This
technology will enable users to seamlessly, securely access devices such as doors, phones,
laptops, applications, entertainment systems, even remote services using a single device
worn on a person.

According to Sedar Yegulalp of InfoWorld
[http://www.infoworld.com/t/identity-management/google-microsoft-salesforce-back-openid-connect-its-not-enough-237258 ]
, Google, Inc. (NASDAQ: GOOG), Microsoft Corporation (NASDAQ:
MSFT) and Salesforce.com, Inc. (NYSE: CRM) have all displayed their support to ramp up
mobile security with their backing of OpenId Foundation’s OpenID Connect, a platform for
authenticating users. Apple, Inc. (NASDAQ: AAPL) has also showed persistence when it comes
to password protection, with the latest development coming in an update for its iWork

Tuesday March 25th, 2014 – Trading Report

On Tuesday, GOOG finished the day up .79% on over 1.9 million shares traded, while
MSFT closed down .40% on over 40 million shares traded. CRM finished the day in the
positive, up .51% on a volume of over 7.3 million. AAPL also finished up 1.08% on Tuesday
with a volume of over 8.7 million shares.

FinancialNewsMedia.com [http://www.financialnewsmedia.com ] is leading provider of
third party publishing & news dissemination services
[http://financialnewsmedia.com/products-services.php ]. If you would like more information
regarding our news coverage solutions, please visit http://www.financialnewsmedia.com
for more details. Get an edge on the market with our Premium News Alerts that are FREE for
a limited time at http://www.financialnewsmedia.com/ [http://www.financialnewsmedia.com ].
Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter:


DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news
dissemination service provider, which disseminates electronic information through multiple
online media channels. FNMG is NOT affiliated in any manner with any company mentioned
herein. FNMG and its affiliated companies are a news dissemination and financial marketing
solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no
investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG’s
market updates, news alerts and corporate profiles are NOT a solicitation or
recommendation to buy, sell or hold securities.

The material in this release is intended to be strictly informational and is NEVER to
be construed or interpreted as research material. All readers are strongly urged to
perform research and due diligence on their own and consult a licensed financial
professional before considering any level of investing in stocks. The companies that are
discussed in this release may or may not have approved the statements made in this
release. FNMG is not liable for any investment decisions by its readers or subscribers.
Investors are cautioned that they may lose all or a portion of their investment when
investing in stocks. For current services performed FNMG has been compensated one thousand
four hundred dollars for news coverage of the current press release issued by NXT-Id, Inc.
by a non-affiliated third party.


This release contains “forward-looking statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of
1934, as amended and such forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking
statements” describe future expectations, plans, results, or strategies and are generally
preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”,
“expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that
such statements are subject to a multitude of risks and uncertainties that could cause
future circumstances, events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results may differ materially
from those projected in the forward-looking statements as a result of various factors, and
other risks identified in a company’s annual report on Form 10-K or 10-KSB and other
filings made by such company with the Securities and Exchange Commission. You should
consider these factors in evaluating the forward-looking statements included herein, and
not place undue reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and FNMG undertakes no obligation to update such

        Contact Information:
        Company: FN Media Group, LLC [http://www.financialnewsmedia.com ]
        Contact email: editor@financialnewsmedia.com
        U.S. Phone: +1(954)345-0611
        URL: http://www.financialnewsmedia.com

SOURCE FN Media Group, LLC

Source: PR Newswire

comments powered by Disqus