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