Consumers Get Next Generation Payment Technology in 2014

The Wocket and COIN Set the Stage for Changing Your Wallet as You Know It

POINT ROBERTS, WA and NEW YORK, NY--(Marketwired - Dec 9, 2013) - Investorideas.com, an investor news and research portal specializing in leading sectors including biometrics and mobile technology issues an exclusive interview with Mr. Gino Pereira, Chief Executive Officer of NXT-ID, Inc (Stock Quote) and Mr. Kanishk Parashar, CEO of Coin. The CEOs discuss their innovative payment technologies coming to market in 2014.

Each company has a different approach, technology base, product benefits and security features but both have the same goal; to make it simpler, easier and more secure for consumers to manage their credit cards.

As the two companies prepare for their roll-out in 2014, Investorideas interviews both CEOs to give consumers insight as to what will differentiate the products to the end user.

NXT-ID, Inc's, The Wocket™ contains a single secure smart card that can hold up to 100 cards and is designed to replace all the cards in your wallet. The Wocket™ works anywhere that credit cards are accepted and can only be used with your biometric or touch screen authentication. The Wocket™ is scheduled to come to market in the first quarter of 2014.

COIN, a company that puts eight credit cards in one COIN is taking pre-orders from consumers for delivery in the summer in 2014. Management believes believe Coin is a substantial improvement on how consumers interact with, and use cards that have a magnetic stripe.

NXT-ID, Inc Interview:

Q: Investorideas.com
What is the idea behind the wocket™?

A: Gino Pereira, Chief Executive Officer of NXT-ID, Inc
The wocket™ is our interpretation of everything a modern wallet should be. It has a single reprogrammable credit card within the wocket to allow secure payments to be made in a traditional manner but the wocket has other functionality too and will be able to display identification as well as hold cash just like a traditional wallet.

Q: Investorideas.com
What is the battery life of the smart card in the wocket?

A: Gino Pereira, Chief Executive Officer of NXT-ID, Inc
The smart card in the wocket is automatically recharged when it is in the wocket so it will never run out of juice! The wocket uses two CR batteries that need to be replaced every 2 to 4 years depending on frequency of use but they are inexpensive and widely available.

Q: Investorideas.com
Does the phone need to be near for the wocket to work?

A: Gino Pereira, Chief Executive Officer of NXT-ID, Inc