Next Generation Smart Wallets Replaces Need to Carry Credit Cards While Protecting Consumers Identity - Updated Independent Advisory Report Issued with Increased Estimated Projections
CORAL SPRINGS, Florida, March 25, 2015 /PRNewswire/ --
Mobile technology offers many opportunities to grow consumer and merchant payments alike. Biometric identification solutions lessens consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices as innovative smart technology releases into the market. Biometrics and Smart Technology Companies in Focus Today are: NXT-ID's (NASDAQ: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) and Facebook Inc. (NASDAQ: FB)
SoundView Technology Group issues a new research update following the recent shipment of NXT-ID's (NASDAQ: NXTD) Wocket smart wallet. SoundView was one of the selected user groups to provide real- orld user feedback on their experience with the Wocket in multiple scenarios and outlets. Soundview analyst Kris Tuttle also says, "If the company meets their plans in 2015, it would push our IV estimate up to $17.42 for 2016."
Excerpt: The Wocket Arrives KRIS TUTTLE - Company Update - After months of hard work and anticipation the Wocket has shipped. This event addresses the first chorus of skeptics who have insisted that "the Wocket will never ship." Even within the limits of an "early access device" our initial testing has gone very well in outlets ranging from CVS to Whole Foods to Panera using Visa (in both debit and credit mode) as well as American Express cards. So after suffering from a prolonged "wait and see" attitude the stock has moved up sharply recently in response to the initial shipments. Our own experience with the device so far would reinforce the view that 2015 will be a good year for the Wocket and NXTD shareholders.
Read the Full NXTD Announcements at http://www.financialnewsmedia.com/profiles/nxtd.html
The two major risks remaining are 1) the ability to ramp up production to thousands of units at first and then tens of thousands per month and 2) mainstream consumer reactions and adoption. Our IV of $8.18 makes the shares very attractive, albeit with some expectation of success built into the estimate. If the company meets their plans in 2015, it would push our IV estimate up to $17.42 for 2016. The full update is available for download here:
http://s3.amazonaws.com/PUBLISHED/NXT-ID_NXTD_SV_NOTE_MAR_2015_PUB.pdf
NXTD also announced this week its biometric payment technology, the Wocket® smart wallet, will start a new advertising campaign on CNBC television starting March 30th . The new 30 second ads will commence airing in New York markets. Gino Pereira, Chief Executive Officer said: "We are excited about our new ad campaign following the recent initial shipment of Wocket smart wallets. We believe consumers are ready to embrace our secure payment technology and as David Tunnell, our CTO, says in the ad, we're excited to put a wocket in your pocket."
In other smart technology news & happenings: Apple (NASDAQ: AAPL) announced that Apple Watch™, its most personal device yet and the newest innovative addition to Apple's ecosystem, will be available on Friday, April 24 to customers in Australia, Canada, China, France, Germany, Hong Kong, Japan, the UK and the US. Apple Watch is an incredibly accurate timepiece, an intimate and immediate communication device and a groundbreaking health and fitness companion. Highly customizable for personal expression, Apple Watch also brings an entirely new way to receive information at a glance and interact with the world through third-party app experiences designed specifically for the wrist.
Google Wallet (NASDAQ: GOOG) is the original and oldest mobile wallet platform - available since September 2011 - that stores not only credit and debit cards, but loyalty and gift cards as well, and lets you send cash to anyone with a Gmail account. A combination of factors - U.S. carriers initially blocking its usage, the necessity of an NFC-equipped Android phone running KitKat or later for use at retail and lack of marketing support from Google - has kept Google Wallet from generating less consumer interest in three years-plus than Apple Pay has in less than five months.
Facebook's (NASDAQ: FB) move into payments spells data opportunity but security threat - Recently Facebook revealed it was rolling out a payments feature in Messenger, it's clear that Facebook is setting itself up to be a unique data store for marketing purposes. Read the full article at http://venturebeat.com/2015/03/19/facebooks-move-into-payments-spells-data-opportunity-but-security-threat/
What happens when the most dominant tech company in the world, Apple (AAPL), creates a product that works in the space as the largest creditcard companies MasterCard (NYSE: MA) and Visa (NYSE: V)? It makes them even more dominant. Cowen's Moshe Katri and Avishai Kantor note that not only did Apple decide to use the existing network for ApplePay, it also chose to let the networks manage the collecting of fees on its behalf as well. Because of that, whether consumers decide to use ApplePay isn't as relevant to MasterCard and Visa as it would be if Apple were creating its own infrastructure. The upshot: "Apple chose to solidify network dominance," Katri and Kantor say.
It could, however, be a slight advantage for Visa over MasterCard, Katri and Kantor say. That's because two-thirds of Apple iTunes accounts use Visa-branded cards, which is better than the global usage of 50% for Visa and 30% for MasterCard. Read the full article at http://blogs.barrons.com/stockstowatchtoday/2015/03/23/why-apple-pay-could-make-visa-and-mastercard-even-more-dominant/
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