Secure Technologies for Online & Digital Payments Safeguard Consumer's Sensitive Data & Security

CORAL SPRINGS, Florida, October 21, 2014 /PRNewswire/ --

Digital payments & mCommerce/eCommerce shift expected to increase global market for mobile payments to $720 billion by 2017: NXTD-ID, Inc. (NASDAQ: NXTD), Alibaba Group Holding Ltd. (NYSE: BABA), Apple Inc. (NASDAQ: AAPL), MasterCard Incorporated (NYSE: MA) and eBay Inc. (NASDAQ: EBAY)

NXT-ID, Inc. (NASDAQ:NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market issues a recent blog entry from Mr. David Tunnell, Chief Technology Officer. Mr. Tunnell breaks down Apple Pay in the first of many blog posts examining alternative payment methods in a compare and contrast with their upcoming smart wallet, Wocket.

Excerpt:  With Apple Pay releasing this Monday, critics and fans alike are flush with opinions on the new payment feature in the iPhone 6. Although cell-phone based digital wallet payment solutions promise a more convenient and secure way to pay, they have fallen short of expectations achieving very little traction in the payment industry.  Stunted by low adoption rates with both consumers and retailers, cell phone based payment solutions leveraging NFC simply further fragment an already fragmented industry, with only new iPhone 6 owners and an estimated 5% of point of sale terminals in the United States currently able to support Apple Pay. Large retailers such as Wal-Mart, Target and Best Buy are not expected to accept Apple Pay due to their involvement in yet other mobile payment solution, MCX.

To read the full press release, please click here: http://www.financialnewsmedia.com/profiles/nxtd.html

Wocket™ doesn't attempt to render the wallet extinct - but rather enhance it.  We aren't trying to force a new payment method, but rather be agnostic, supporting any payment system that consumers desire.  With a focus on privacy and security, Wocket™ is not just another payment solution, Wocket™ is instead positioned to become the cornerstone of all future payment technologies.

In other digital payment news:  Alibaba (NYSE: BABA), like Apple Inc. (NASDAQ: AAPL), is looking toward biometric tech to secure its devices. Alipay is also teaming up with Huawei to work on mobile payments through a fingerprint reader found in the manufacturer's Ascend Mate 7. Apple is expected to roll out its new Pay service for iPhones in the next week. Alipay, however, is already looking at facial recognition: it has partnered with a Beijing-based startup called Megvii to incorporate identification methods into the company's digital Wallet, the Wall Street Journal reports. Read more here: http://www.ibtimes.com/alibaba-group-looks-fingerprints-face-recognition-secure-alipays-digital-payments-china-1706185

Dubbed as the world's first contactless payment card to feature an integrated fingerprint sensor, the Zwipe MasterCard (NYSE: MA) payment solution was officially launched in the UK at a special event in London's Canary Wharf on Friday - and it comes after a successful pilot in Norway. Senior executives from MasterCard and Zwipe are marketing the new card as a more secure way to pay than other contactless payment options and a convenient method of transacting due to the lack of PIN number required at the point of sale. It includes an integrated biometric sensor and the Zwipe secure authentication technology that holds the cardholder's biometric data, and it contains an EMV-certified secure element and MasterCard's contactless application. It is the first of its kind to combine biometric authentication with contactless payment, while cardholder fingerprint data is stored directly on the card, not in an external database. Read more here: http://www.essentialretail.com/news/article/5444ec39dfcbd-mastercard-and-zwipe-unveil-biometric-contactless-payment-card

PayPal Australia CEO Jeff Clementz wants to increase the size of the business loans it will offer through its new online working capital facility by partnering with local banks. He said they are "actively exploring" this in the US and he has had discussions with banks in Australia to do the same here. Mr Clementz cited the moves as proof they are not a long-term threat to banks. "PayPal does not have the balance sheet to make a massive dent in small business loans," he said. "[But] there is a great opportunity for a PayPal-plus-bank partnership. PayPal could provide the online experience and the banks could provide the capital through their balance sheets." Read the full article here: http://www.afr.com/p/business/companies/paypal_offers_olive_branch_to_banks_JqhoVLDmM3RApIS0QLs6TN

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 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.

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?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED