SOURCE: iWallet

iWallet

October 14, 2014 11:00 ET

Consumers Turning to iWallet™ to Thwart Hacking and Identity Theft in the Wake of Historic Apple, JP Morgan and Home Depot Data Breaches

Leading Luxury Tech Accessory Company to Showcase Flagship Carbon Fiber iWallet™ at Beverly Hills Luxury Technology Show

LOS ANGELES, CA--(Marketwired - October 14, 2014) - iWallet Corporation (OTCQB: IWAL), the secure, luxury techcessories company focused on its robust patent and trademark portfolio in the growing biometric and personal data security market, announced it will showcase its flagship carbon fiber iWallet™ at The Luxury Technology Show on October 15, 2014 at the world-renowned Peterson Automotive Museum in Los Angeles, CA.

Selected as one of Wired Magazine's "10 Favorite Things" at the sold-out 2014 Luxury Tech Show in New York in March, the iWallet is ushering in a new generation of smart accessories that not only act as a vault to protect valuables such as cash, credit cards and personal information, but also as a fashion statement.

"With news of retail security breaches occurring at an alarming frequency, we are seeing increased demand from retail partners. The recent JPMorgan and Home Depot breaches, speculated to be the largest ever, coupled with Apple's rush to restore confidence in its system's security in the wake of a high-profile celebrity photo fiasco, has only underscored the long-term risks of storing sensitive personal, banking and healthcare data on smartphones," said Jack Chadsey, CEO of iWallet Corporation. "Consumers are wary of conducting financial transactions via mobile payments because no sensible solution currently exists to ease consumers' security fears. Savvy customers opting to carry our iWallet, a traditional holder for money and plastic cards armed with the latest security features, are able to protect their physical items and virtual data by keeping it at their side, not stored on a vulnerable server or a phone."

According to a PwC report, fewer than half of people are comfortable using a mobile payment system, worrying most about their liability if the phone is lost, stolen or otherwise compromised, the safety of cash or highly personal information such as a social security card and expressing significant concern that their smartphone will become a greater target for theft.

Available in aluminum or carbon fiber (the same resilient material used in the aerospace industry with the strength five times that of steel), iWallet secures cash and credit cards with the force of space-age materials and biometric security. iWallet retails between $420 and $560 (depending on style and finish) and is available at iWallet or via Neiman Marcus.

There's no product that compares to the innovative iWallet in both style and security substance: 

Biometric Protection - patented, tamper-resistant lock mechanism with touch sensor unlocks the device only with the owner's fingerprint
Bluetooth® "Leash" - can be tethered to a smartphone using a free app (iOS, Android, Windows Phone) which sounds an alarm when separated by about five meters
RFID Shield - protects credit cards from RFID hacking, keeping cards and IDs safe from malicious scanning by many types of radio frequency (RF) devices

iWallet, a registered trademark in the United States with worldwide patents, is focused on the design and development of physical, yet innovative personal security products that incorporate the latest security and communication technologies to protect against identity, personal and financial information theft.

About iWallet: 

Headquartered in San Diego, California, iWallet (www.iwalletusa.com) is a secure, luxury techcessories company, focused on its robust patent and trademark portfolio in the growing biometric market and combining the latest security features with luxe appointments. iWallet is licensed by Apple Inc. as an official Accessory Developer.

About The Luxury Technology Show (LTS)

LTS is a one-of-a-kind showcase produced by RAND Luxury, with the Wall Street Journal and Variety as presenting media sponsors. The event features the latest innovations from some of the most prestigious and cutting edge technology brands from around the world. This unique exposé gathers press and media, industry executives, buyers, dealers along with affluent consumers interested in acquiring the world's finest innovations. For more information, visit: http://www.thelts.com/

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