NFC Technology Based Mobile Payment Platforms Lead to Secure Alternative Payment Options Addressing Consumers Safety Concerns

CORAL SPRINGS, Florida, September 30, 2014 /PRNewswire/ --

m-Commerce, Digital Wallets and e-Commerce Industry Players Alibaba, NXT-ID, Apple, Google and others among those attracting significant interest within the tech sector. Companies in focus today are:  NXT-ID, Inc. (NASDAQ: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Mastercard Inc. (NYSE: MA), Alibaba Group Holding Limited (NYSE: BABA).

Recent Reuters Press Release regarding NXT-ID;  NXT-ID banking on smart wallet to start making profit next year - NXT-ID Inc (NASDAQ: NXTD) expects to turn profitable next year, Chief Executive Gino Pereira said, as the company rolls out a $150 (92.3 pounds) digital wallet as an alternative to new payment services such as Apple Pay.

With recent massive data breaches eroding trust in mobile and Web payments, Pereira said NXT-ID expected rapid adoption of its "Wocket" passcode- and voice-protected wallet.

"Even if you take a small percentage of credit cards holders (in the United States) and multiply it by $150 you will see there is a multi-billion-dollar market that is available to us," he said in an interview on Sept. 23.

NXT-ID had said the previous day that it had raised an undisclosed sum to ramp up production of the Wocket. Since then its shares have nearly doubled, closing at $2.77 on Friday.

The Shelton, Connecticut-based company, founded in 2011, reported a loss of $1.54 million and no revenue last year.

Apple Inc's embrace of wireless payment technology in its latest phones, tablets and smartwatches is expected to spur greater acceptance of digital payments. Read this full article on Reuters for NXTD at http://uk.reuters.com/article/2014/09/29/uk-nxt-id-ceo-idUKKCN0HO1R520140929

In other NXT-ID News, the Company announced that Vincent S. Miceli has been named the Company's Vice-President and Chief Financial Officer effective immediately. Mr. Miceli replaces Gino Pereira as Chief Financial Officer. Mr. Pereira will continue to serve as the Company's Chief Executive Officer and as a Director,

"Vin's extensive experience with larger reporting companies will help us to develop appropriate internal controls and reporting systems as we look to rapidly scale the activities of NXT-ID" said Gino Pereira, CEO of NXT-ID. "His contribution to our structure will be invaluable in a rapidly growing company such as ours." Read the FULL NXTD press release at http://www.financialnewsmedia.com/profiles/nxtd.html

Near-field communication, or NFC. The feature, which is already available on many Android and Windows Phone handsets, allows owners to wirelessly pay for items at checkout counters and pair the phone with other devices, among other cool things. In fact, recent reports claim that Apple (NASDAQ: AAPL) has signed deals with American Express (AXP), Visa (V), and MasterCard (NYSE: MA), which will turn the iPhone into a so-called "virtual wallet." That capability will likely run through NFC. What follows is a short explainer on what NFC is, how it works, and why you should care about it. So put your learnin' caps on, and let's get started.

OK, what is NFC?

NFC is a form of wireless communication that allows the flow of information between two devices. The technology, according to the NFC Forum, comes in three flavors: tag reader and writer, device to device, and card emulation.

Mobile wallets like Google Wallet (NASDAQ: GOOG) and ISIS have been trying to jump-start the NFC payment craze for a while now, with little to no luck. Sure, it would be convenient to tap your phone to quickly pay for something and be on your way, but in order for that to happen, both your phone and the store you're shopping in need to have NFC capabilities. Read the full article at https://www.yahoo.com/tech/what-is-nfc-and-why-does-it-matter-for-the-iphone-6-96456683964.html

Alibaba Group Holding Limited (NYSE: BABA), through its subsidiaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers. Since the recent IPO, BABA has encounter rough trading sessions closing down on Monday at $88.75 on over 24.9Million Shares Traded by market close.

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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 one thousand four 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.

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