CES 2016: NXT-ID Exhibits Wocket Smart Wallet With New NFC And WiMag

Posted: Dec 23 2015, 3:54pm CST | by , Updated: Dec 23 2015, 3:58pm CST, in News | CES


CES 2016: NXT-ID Exhibits Wocket Smart Wallet with New NFC and WiMag
  • CES 2016: Wocket small wallet by NXT-ID to display new NFC and WiMag!

NXT-ID will demonstrate its Wocket small wallet's new NFC (Near field communication) payment technology capabilities as well as its Wireless Magnetic payment technology (WiMag) and other contactless payment capabilities. After the CES demonstration the technologies by NXT-ID will be officially launched in 2016.

NXT-ID, Inc. is a biometric authentication company. The company focuses on growth in mobile commerce market. NXT-ID is also the creator of the Wocket smart wallet. NXT-ID just announced they will be coming to the CES 2016.

The Wocket smart wallet was already named one of the top ten tech gadgets at CES 2015. At the CES 2016, NXT-ID will be demonstrating its new NFC (Near field communication) payment technology capabilities. Also exhibiting will be the Wireless Magnetic payment technology (WiMag).

Gino Pereira is the CEO of NXT-ID company. According to Pereira a year ago they had a tremendous reception. At CES 2016 they are once again demonstrating leading edge technology.

The CES demo will show how they adapted to the new EMV chip technology. They are going to show NFC capable Wockets. Another product to be exhibited is the wireless magnetic payment technology.

The tech has the ability to make tokenized payments. The payments are made through Traditional Point of Sale (POS) terminals. All of the tech by NXT-ID will be launched in 2016, in collaboration with major stakeholders.

Gino Pereira, CEO of NXT-ID said, "A year ago we had a tremendous reception when we gave the public a preview of Wocket. Now, 12 months later, we are again demonstrating leading edge technology and adapting to the new EMV chip technology by demonstrating NFC capable Wockets that will be delivered starting in December this year. We will also show attendees a future wireless magnetic payment technology that has the ability to make tokenized payments wirelessly at Traditional Point of Sale (POS) terminals. We will be launching these technologies in 2016 in collaboration with major stakeholders in the payment space."

NXT-ID will set up its exhibit at the booth # 21632, at the Las Vegas Convention Center. The NXT-ID exhibit is part of the 'Personal & Cyber Security Section'. 

CES is a gathering place for consumer technology businesses. In 2016 more than 3600 exhibitors will attend the Consumer Electronics Show. The CES 2016 will carry on from the 6th until the 9th of January, 2016 in Las Vegas, Nevada. The CES is arranged by the Consumer Technology Association.

Read more CES stories here.

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M. Affan covers the hottest news that captivate the web today.




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