NXT-ID‘s New DreamTrips SmartCard Purchase Order From WorldVentures Values $15 Million
Home  |  Settings  |  Marketing Options  |  About Us  |  FAQs    Join SourceSecurity.com on LinkedIn
REGISTERTerms
Unique environments

NXT-ID‘s New DreamTrips SmartCard Purchase Order From WorldVentures Values $15 Million

Published on Feb 24, 2016

The DreamTrips card is a totally new product for NXT-ID and WorldVentures and will make travel, vacationing and even daily purchases simpler and more secure
The DreamTrips card  is a next generation SmartCard that does not require a Wocket and can operate as a stand-alone device

NXT-ID, Inc. ("NXT-ID" or the "Company"), a company focused on the growing mobile commerce market, announces the first purchase order for a new SmartCard being developed for WorldVentures vacation club members. On February 9, 2016, the Company announced that both companies signed off on the hardware specifications for the new product and that it was entering the manufacturing phase.

The DreamTrips™ card is a totally new product for NXT-ID and WorldVentures and will make travel, vacationing and even daily purchases simpler and more secure with a number of new and unique features to be announced prior to launch.

Next-gen Stand-Alone SmartCard

It is a next generation SmartCard that does not require a Wocket® and can operate as a stand-alone device. It can also sync to the DreamTrips Smartphone app for a connected user experience.

WorldVentures currently has approximately 500,000 DreamTrips Members, with as many as 80,000 new Members joining every month. The vision of WorldVentures' executive team is to make the SmartCard available to every existing member and eventually, a general global consumer market.

Order Value - $15 Million

The purchase order is for up to $15 million and is subject to WorldVentures acceptance of the prototype card now being manufactured. The purchase order calls for equal monthly deliveries with a value of $2.5 million a month from July to December 2016. With the exception of the order for the first $2.5 million, WorldVentures has the option to cancel, defer or increase monthly shipments with 90 days written notice on subsequent orders.

Download PDF Version

Follow us for latest editorial and commercial opportunities


Please rate this article


Related videos
Bookmark and Share
Featured White Paper

The evolution of cards and credentials in physical access

Physical access control has been a key component of many organisations’ security strategies for several decades. Like any technology, access control has evolved over the years, and solutions now offer more security and convenience than ever before. From swipe technologies, such as the now antiquated magnetic stripe, to a variety of contactless technologies and mobile access credentials, businesses now have several choices when it comes to access control.

This White Paper will examine the technologies available today and the bright future of mobile access, as well as clarify why you should ensure that each component of the access control ecosystem is as secure as possible.


See privacy and cookie policy