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Company Strengthens Digital Payment Operations as Consumers Seek the Most Convenient, Safe & Secure Mobile Payment Methods Available


News provided by

FN Media Group, LLC

Oct 01, 2015, 08:15 ET

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CORAL SPRINGS, Florida, October 1, 2015 /PRNewswire/ --

Consumers are increasingly seeking the convenience of ordering in advance, pre-paying and securely paying for their in-store purchases, which are some of the top reasons more and more merchants, restaurants & businesses are turning to mobile payment platforms. Mobile Payment Platform Companies focused on enhancing the consumer experience for digital payments are NXT-ID, Inc. (NASDAQ: NXTD), PayPal Holdings, Inc. (NASDAQ: PYPL), Apple Inc. (NASDAQ:AAPL), Google Inc. (NASDAQ: GOOG) and Total System Services, Inc. (NYSE: TSS)

NXT-ID, Inc. (NASDAQ: NXTD)  announced this week that retail veteran William Fields, former President and CEO of Wal-Mart (NYSE: WMT) Retail Stores Division and Chief Executive Officer of Blockbuster Entertainment Group, a division of Viacom, Inc has joined its Advisory Board.  During his 25-year career with Wal-Mart, Mr. Fields held numerous senior executive positions within the organization, including Assistant to Wal-Mart Founder, Sam Walton; Senior Vice President of Distribution and Transportation; and Executive Vice President of Wal-Mart, Inc. culminating in the role of President and Chief Executive Officer of the Wal-Mart Retail Stores Division. Mr. Fields was responsible for over 2,000 stores and 300,000 employees, generating $68 billion in annual revenues.

Read the full NXTD Press Release at http://finance.yahoo.com/q/p?s=NXTD+Press+Releases

Mr. Fields stated, "With all of the recent payment card breaches and day- to-day consumer concerns over identity theft, Wocket is a  timely cutting edge solution combining both security and convenience. What sets Nxt-ID's technology apart is the flexibility that they have developed that can accommodate a variety of protected payment methods on different payment platforms. This allows their users to remain current and secure as the payment industry is going through a period of rapid evolution and allows consumers to pay with the most convenient payment method of their choice .I look forward to assisting the management team in their efforts to transition from an innovative new technology to widespread consumer acceptance via major retailers."   Gino Pereira, Chief Executive Officer said, "We are honored to have Bill join our Advisory Board and guide us to a new level of consumer awareness and retail exposure. His retail experience is unparalleled and will open doors for Wocket at a much faster pace. His engagement and ability to add value across retail, payment services and low cost manufacturing immediately elevates NXT-ID's execution capability in these critical areas."

Wocket® is the smartest wallet you'll ever own. Designed to protect your identity and replace your old wallet, simply swipe and save your cards into Wocket once and they are immediately secured with pin and biometric voice print technology. Without ever needing a smartphone, you can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) to match your selection. From there, you just swipe as you normally would virtually anywhere that credit cards are accepted today.More details can be found at http://wocketwallet.com/

In an article published on TechTimes.com, contactless payments and mobile wallets are becoming popular with consumers, PayPal (NASDAQ: PYPL) is gearing up to push out its chip card reader dubbed PayPal Here in the United States.  

As of Sept. 30, the PayPal Here Chip Card Reader will become available for businesses in the United States. The mobile card reader accepts not only the older magnetic stripe-based cards, but also the new EMV standard i.e., the chip-based credit and debit cards to which the United States is migrating to.

The PayPal Here Chip Card Reader also offers NFC support for multiple platforms and payments made through Android Pay from Google (NASDAQ: GOOG), Samsung Pay and Apple Pay from Apple (NASDAQ: AAPL).  Read the full article sourced by TechTimes.com at http://www.techtimes.com/articles/89384/20150930/paypal-here-arrives-in-the-us-apple-pay-android-pay-samsung-pay-all-supported.htm

Additionally, Total System Services, Inc.  - TSYS - (NYSE: TSS) this week announced the results of its 2015 U.S. Consumer Payment Choice Study. New to the fifth annual research were findings related to mobile app usage. The online survey of more than 1,000 U.S. consumers found that mobile applications provided by financial institutions are highly adopted and frequently used. Fifty percent of survey respondents said that they have installed a mobile app from their bank. Of those respondents, 70 percent said that they use the app a few times a month or more.  "We expect the emphasis on digital engagement and technology to continue as innovation increases and new products become available to consumers," said John Dale Hester, group executive of Relationship Management at TSYS. "Providing a more robust customer experience and expanded consumer choices will help drive progress and innovation within the payments industry."  In addition to providing insight into the growth of digital engagement, the study also uncovered drivers of consumer behavior and information around consumer preferences for payment and communication methods.

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 financialnewsmedia.com.  Follow us on Facebook: facebook.com/financialnewsmedia and Twitter:  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 five thousand nine hundred dollars for a week's news coverage of the 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

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