NXT-ID’s Wocket is an all-in-one payments solution that can truly replace your wallet

[Wireless News]

http://l.yimg.com/bt/api/res/1.2/8WY6YA22.VY6j.z9W.onJw--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en-US/homerun/digital_trends_973/72e83511c29e2b56a1e1d6a9357017e8 (http://news.yahoo.com/nxt-id-wocket-one-payments-183718884.html)There’s no shortage of companies-aiming to consolidate your plastic methods of payment, and they’re all angling to accomplish the same goal: eliminate the annoyance of carrying around dozens of credit, debit, loyalty, and gift cards in an overstuffed wallet. The only problem?-Most have struggled to make it to market. Perhaps the best-known example, Coin, won’t fulfill all of its orders until Q1 of this year, and another, Swype, is limiting-pre-orders. But there’s one startup, NXT-ID, that’s miraculously managed-to avoid the fate-of its competitors and deliver its Wocket payment solution-to virtual store shelves. NXT-ID is-not exactly an emergent brand — it unveiled the Wocket in April of last year — but-the company has managed to stay-true to its original vision with the latest iteration of its wallet, an impressive feat in a space as volatile as the mobile payment sector. Kyle Wiggers/Digital Trends The Wocket’s basically made up of two components: a physical, removable credit card, and a boxy, rectangular card selector into which the aforementioned credit card fits. The card selector, which sports a touchscreen-e-ink display-and runs on a standard coin battery, is where the magic happens: you select a saved-virtual card to assign to the-physical card, which emulates a card swipe by transmitting a wireless signal to a given point-of-sales system. (The current version lacks support for contactless payments, but NXT-ID said an updated model with NFC will launch sometime in the next few weeks.) Related: Stratos makes a last-minute deal with Ciright One Cards with magnetic stripes are added-by swiping them through the-selector, while cards with barcodes (e.g., membership, loyalty cards, or event tickets) can be-manually copied numerically — enter the-string of numbers below a given-QR code or barcode and Wocket will generate-a scannable image to match. Somewhat unusually for a product of its category, the Wocket doesn’t rely on another device-to operate — it’s meant to be used entirely independently, and only requires Bluetooth pairing to an iOS, Android, or Windows Phone smartphone for firmware updates. Security’s handled locally, too: you verify your identity by-entering-a pin on the Wocket selector’s touchscreen, and-optionally by speaking a specific word or phrase. NXT-ID isn’t selling-the Wocket cheap — it retails for $180 in the U.S. — but the company has positioned it as a complete replacement for the everyday wallet you stick in your back pocket. It’s got a small pouch for ID cards, and NXT-ID said it’ll soon launch accessories with-different materials and designs.



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