Smart Card Technology & Secure Mobile Payment Solutions Combine Powerful Technologies Working in Unison to Provide Consumers with the Highest Level of Protection
CORAL SPRINGS, Florida, February 23, 2016 /PRNewswire/ --
Digital, mobile & card payment platforms continue their steady growth behind vastly improved technologies and advancing secure solutions, with experts believing the trend will take hold of the mainstream market in 2016. News, purchase orders, product updates and current events of note in the markets today involve NXT-ID, Inc. (NASDAQ: NXTD), Heartland Payment Systems Inc. (NYSE: HPY), Visa Inc. (NYSE:V), PayPal Holdings, Inc. (NASDAQ: PYPL), Apple Inc. (NASDAQ: AAPL) and MasterCard Incorporated (NYSE: MA)
NXT-ID, Inc. (NASDAQ: NXTD), a company focused on the growing mobile commerce market, announces the first purchase order valued up to $15 Million for a new SmartCard being developed for WorldVentures vacation club Members. On February 9, 2016, the Company announced that both companies signed off on the hardware specifications for the new product and that it was entering the manufacturing phase. The DreamTrips™ card is a totally new product for NXT-ID and WorldVentures and will make travel, vacationing and even daily purchases simpler and more secure with a number of new and unique features to be announced prior to launch. It is a next generation SmartCard that does not require a Wocket® and can operate as a stand-alone device. It can also sync to the DreamTrips Smartphone app for a connected user experience.
Read the full NXT-ID (NXTD) Press Release at http://www.financialnewsmedia.com/profiles/nxtd.html
WorldVentures currently has approximately 500,000 DreamTrips Members, with as many as 80,000 new Members joining every month. The vision of WorldVentures's executive team is to make the SmartCard available to every existing member and eventually, a general global consumer market. The purchase order is for up to $15 million and is subject to WorldVentures acceptance of the prototype card now being manufactured. The purchase order calls for equal monthly deliveries with a value of $2.5 million a month from July to December 2016. With the exception of the order for the first $2.5 million, WorldVentures has the option to cancel, defer or increase monthly shipments with 90 days written notice on subsequent orders.
In other secure, technological advancements and current happenings in the payments space: Heartland Payment Systems (NYSE: HPY), one of the nation's largest payment processors, announced last week it has worked with the Smart Card Alliance to launch the National Center for Advanced Payments and Identity Security, a new training facility hosted by the Alliance. Through a grant from Heartland, the new center will help protect consumers' privacy and advance the data security of payments and identity through education programs on industry best practices and advances in security technology.
Visa Inc. (NYSE:V) announced that it is expanding its Visa Ready program to include Internet of Things (IoT) companies, such as manufacturers of wearables, automobiles, appliances, public transportation services, clothing and almost any other connected device. Emerging IoT companies will join mobile device manufacturers, including mobile point-of-sale acceptance (mPOS) providers, mobile NFC-enabled device manufacturers and other technology partners in the Visa Ready Program.
At the Mobile World Congress 2016, PayPal Holdings, Inc. (NASDAQ: PYPL) unveiled new partnerships and product updates that showcase its vision of using technology to re-imagine financial services to be faster, simpler and more inclusive, whether online, in-app, in store or in new contexts. "We have a tremendous opportunity to transform commerce and financial services, and mobile is at the center of that evolution," said Dan Schulman, President & CEO, PayPal. "We are committed to giving people flexibility and choice in the ways they move and manage their money. Leveraging our mobile scale and leadership, platform-agnostic approach and partnerships, PayPal is uniquely poised to leverage new value propositions. We believe the financial system should be more seamless, secure and affordable to drive the hopes and aspirations of people outside the traditional financial system."
Payment Data Systems (NASDAQ: PYDS) is pleased to announce that it now supports Apple Pay™ on the Akimbo Prepaid MasterCard® (NYSE: MA), including the Company's co-branded reloadable cards distributed by its corporate clients. Apple Pay (NASDAQ: AAPL), an easy and secure mobile payment service, enables customers to link participating credit and debit cards to their Apple Wallet, which can be used for convenient, contactless payments at many retailers across the United States. The Akimbo Card is one of the first consumer prepaid cards to support Apple Pay.
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