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Consumers Embrace Mobile Payment Devices that Offer Secure Ways for Making Purchases - NASDAQ Company's Newest Smart Wallet Featured on Fox News
[March 20, 2015]

Consumers Embrace Mobile Payment Devices that Offer Secure Ways for Making Purchases - NASDAQ Company's Newest Smart Wallet Featured on Fox News


CORAL SPRINGS, Florida, March 20, 2015 /PRNewswire/ --

Mobile and digital payment systems continue to rise in popularity while the use of cash continues to decline with 59 percent of the 1,400 US consumers surveyed carrying less than $20 in their pocket.  Retailers look to offer flexibility in the payment methods they accept as mobile payment applications are used most often for social events, retail shopping, restaurants and bars.  Mobile Pay Companies in focus today are: NXT-ID, Inc. (NASDAQ: NXTD), Facebook Inc. (NASDAQ: FB), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) and Alibaba Group Holding Ltd. (NYSE: BABA)

NXT-ID (NASDAQ: NXTD) Featured on Fox News Segment, "The Next Great Thing" After Announcing First Shipment of Wocket Smart Wallets to Early Access Pre-Order Customers - NXTD announces its biometric payment technology, the Wocket smart wallet was featured in a news clip that aired this week on Washington DC's Fox 5 News (http://www.myfoxdc.com/).  In a segment "The Next Great Thing", host Laura Evans calls the Wocket smart wallet 'a new way to pay' and 'a really big breakthrough in mobile payment.'

Read the full NXTD Announcements at  http://www.financialnewsmedia.com/profiles/nxtd.html

Award-winning journalist Laura Evans has been part of the FOX 5 News Team since 1999.  She introduces the Wocket telling the audience that with over 13 million cases of identity theft annually and almost half of them due to a stolen or lost wallet, "Now there is a device that could take the pain and hassle out of that forever."

She goes on to say, "The Wocket is a convenient and universal form of payment that secures your personal information and that's why we think the Wocket is the next great thing."  CEO, Gino Pereira discusses and demonstrates how the Wocket works as your own personal vault, storing all your personal information securely.

Laura also shares her enthusiasm on two other innovative tech products on the segment; VFit, a new way to measure fitness and the Bolt Smart Lightbulb.  Laura Evans notes in closing that both the Wocket and Bolt created a lot of buzz at the Consumer Electronics (CES) show held in January 2015 in Las Vegas.  The segment can be seen on the Fox 5 news website at http://www.myfoxdc.com/clip/11239806/the-next-great-thing-vfit-body-scanner.

NXT-ID also announced this week it has begun shipping the first Wocket(R) smart wallets.  "We will be shipping a limited number of Wockets to early access pre-order customers over the next few weeks in preparation of fulfilling all pre-orders," said Gino Pereira, Chief Executive Officer of NXT-ID. "We will incorporate early access customer feedback from these shipments into Wockets we will ship to all pre-paid customers this spring to ensure a positive experience for all of our early adopters."  He went on to say, "We are extremely excited to see the Wocket evolving into the revolutionary payment and smart wallet technology we envisioned at inception. This shipment marks the introduction of a new era in smart, privacy-centric products, and represents a major milestone in establishing Wocket as the smar wallet of the future."



In other Mobile Payment developments and news coverage:  About a half-billion people use Facebook Messenger (NASDAQ: FB) around the world. You might even owe one or two of them money.  Now you'll be able to send them the funds directly through Messenger. And if your buddy owes you money instead, he can pay you back through Messenger as well.

The big tech giants are fighting hard over the mobile payments space, elbowing out the traditional banks and linking up with specialized vendors.  Facebook isn't going about mobile payments in the same way that Apple (NASDAQ: AAPL) is doing with Apple Pay, Google (NASDAQ: GOOG) is doing with Google Wallet or Samsung is doing with Samsung Pay.


For a start, Messenger is not about transacting at a retail store. "The focus is not about building a payments business that is accepted everywhere," Facebook product manager Steve Davis says. "It's really about making Messenger more useful."  Read the full article at http://www.usatoday.com/story/tech/columnist/baig/2015/03/17/owe-facebook-friend-money-pay-him-back-in-messenger/24904193/

Alipay users could soon be able to pay for their purchases by scanning their face with their smartphone. E-commerce giant Alibaba Group Holding Ltd.'s (NYSE: BABA) CEO Jack Ma showed off the technology in his keynote speech at the CeBIT technology trade fair in Hanover, Germany on Sunday.

To demonstrate the technology, Ma bought an old souvenir stamp from Hanover on Alibaba.com during his speech. While on stage, he scanned his face with his phone's front camera and was able to complete the transaction. The stamp was then sent over to the Mayor of Hanover's office.  Read the full article at http://siliconangle.com/blog/2015/03/16/alibaba-shows-off-facial-recognition-to-secure-mobile-payments/

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