iWallet Corp (IWAL)

[banx1]

IWallet owns the "biometric wallet" space.
The granted patent is all encompassing.
See for yourself:


Smart wallet
Patent number: 8707460
Abstract: A smart wallet that can only be exclusively opened by an authorized individual through biometric authentication is disclosed. The smart wallet also has a security system associated therewith to prevent the smart wallet from being lost or stolen. The system comprises a fob key configured to send periodic wireless transmissions to the smart wallet device having the ability for approximate range detection. Various embodiments include audible, visual and vibrational indications for authentication, battery power and range detection.
Type: Grant
Filed: May 21, 2008
Issued: April 22, 2014
Inventor: Steven D. Cabouli