Recent CyberSecurity & Data Breaches Lead to Increased Popularity for Digital Wallets Designed to Combat Credit Card Fraud

CORAL SPRINGS, Florida, December 2, 2014 /PRNewswire/ --

Experts forecast mobile-payment transactions to hit $720 billion by 2017 as consumers turn to digital methods.  Leading Companies in focus today addressing the cyberfraud issues are: NXT-ID, Inc. (NASDAQ: NXTD), Google Inc. (NASDAQ: GOOG), Apple Inc. (NASDAQ: AAPL), Mastercard Incorporated (NYSE: MA) and Visa Inc. (NYSE: V)

NXT-ID, Inc. (NASDAQ:NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market releases the new updated video , "Experience the Wocket Smart Wallet at CES 2015".  The new updated video expands on the currently airing 30 second CNBC ads, demonstrating a purchase with a Wocket. Separate from a smartphone, Wocket allows users to choose from debit, credit and gift cards, all biometrically secured and easy to use.

NXT-ID is presenting its Wocket smart wallet at the 2015 International CES (Consumer Electronics Show) in Las Vegas, January 6-9, 2015. The Company will be located at booth 219267 in the South Hall lower level. The Company will also host a media and consumer party at CES.

See the Video: "Experience the Wocket Smart Wallet at CES 2015" - https://www.youtube.com/watch?v=W8GQ7faZt7o&feature=youtu.be

Wocket(TM) is a smart wallet, the next evolution in smart devices, following the smart phone and smart watch. Wocket(TM) is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.   Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket(TM). More than 10,000 cards, records, coupons, etc. can also be stored on Wocket(TM).

Read the Full NXTD Press Release at:  http://www.financialnewsmedia.com/profiles/nxtd.html

Movement to End E-Fraud 

Following well publicized retail data breaches, payment networks plan to mail consumers new computer chip-equipped credit cards in early 2015. Aite Group forecasts that 70% of credit cards and 41% of debit cards will contain a chip by late 2015.  Linked to that quest is the liability-shift deadline looming in October 2015. More retailers, rather than credit card issuers, will be on the hook for fraud-related losses if they haven't upgraded to card-swiping terminals employing chip- and PIN-type technology, based on chip-based cards and a personal identification number from the consumer. Google Inc. (NASDAQ: GOOG), Apple Inc. (NASDAQ: AAPL), Mastercard Incorporated (NYSE: MA) and Visa Inc. (NYSE: V) are all prominent companies at the forefront aiming to increase digital security for consumers making mobile payments. Read more: http://www.nasdaq.com/article/the-electronic-payment-wave-apple-pay-paypal-alipay-cm416209#ixzz3Kh0FOQ00

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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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