The Wocket Smart Wallet Unveiled - Other News

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Credit Card Applications » News » Other » The Wocket Smart Wallet Unveiled

The Wocket Smart Wallet Unveiled

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The Wocket Smart Wallet Unveiled
June
3

There are smartphones and smart watches, but now there is a smart wallet on the market. The Wocket wallet can store up to 10,000 different cards and 100 voice commands while keeping your financial information out of the hands of hackers.

It looks like an actual wallet, is smaller than a smartphone, and it can store all the cards you would normally find in a wallet, including credit, debit, ATM, loyalty, and gift cards. People can also keep ID, membership and insurance cards in the wallet, along with coupons, tickets, and contact information.

Biometrics unlock

The wallet is protected with a pin number, but the device also comes with biometric technology, so it can only be unlocked by the actual user’s fingerprint.  It is available for pre-order at $149.99 and is scheduled to ship in September.

The Wocket is targeted toward consumers who do not want to store their credit card and personal information in their smartphone due to security concerns. With this device people transfer all their information directly into the device using a card reader that comes with the system. This direct transfer of data means that it exists nowhere else, which can be a deterrent to hackers.

Payments are made using the touch screen or a voice command. The wallet does not require the use of cloud-based technology, adding another level of security. After each transaction the information is wiped so that hackers cannot access credit or debit card information.

The Wocket can be used wherever credit cards are accepted, and can be used with barcode, magnetic stripe, and EMV/NFC technology. It is also compatible with Bluetooth technologies.

While a smartphone is not needed to use the Wocket, an app can be downloaded into smart phones, tablets and other devices to manage the cards and information in the wallet.

Accessorize

A variety of accessories in a different styles and colors will be available for the Wocket. The company indicates that consumers will be able to purchase styles that are appropriate for the gym, everyday use, or an evening out on the town.

The developer NXT-ID is a subsidiary of 3D-ID LLC, a company that specializes in developing biometric identification technology, and currently holds 22 licensed patents in the field of 3D facial recognition. Their other products include Face match, Voice Match and Bio Cloud.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
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