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 smart 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/
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated two thousand nine hundred dollars for news coverage of the current press release issued by NXT-ID, Inc. by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email: [email protected]
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com
SOURCE FN Media Group LLC
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article