Impact of Smart Card Technological Advancements Fuel Growing Acceptance of Secure Mobile Payment Applications & Devices

16 Feb, 2016, 08:30 ET from FN Media Group, LLC

CORAL SPRINGS, Florida, February 16, 2016 /PRNewswire/ --

While the mobile payments sector continues to gain consumer traction, growth in contactless payments for smart card technology and mobile payment devices are expected to continue to build momentum in 2016 as users gradually continue to accept latest technology for secure, mobile payments.  Leading companies with current developments of importance in markets for biometric technology & secure payment breakthroughs are NXT-ID, Inc. (NASDAQ: NXTD), Visa Inc. (NYSE: V), PayPal Holdings Inc. (NASDAQ: PYPL), Google Inc. (NASDAQ: GOOG) and Bank of America Corporation (NYSE: BAC)

NXT-ID, Inc. (NASDAQ: NXTD) updated progress last week on the new smart card being developed for WorldVentures vacation club members.  On Jan. 4, WorldVentures and NXT-ID, Inc. announced a strategic alliance to develop a proprietary new wireless smart card for its members, based on NXT-ID's Wocket® smart wallet technology. Yesterday, both companies signed off on the hardware specifications for the card which will now enter the manufacturing and testing phase. NXT-ID anticipates on time completion of the development schedule with initial deliveries of the card by the end of June 2016.  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 smart card available to every existing member, and include the smart card, purchased from NXT-ID, in the member kit proved to every new member.

Read this full news and additional coverage for NXT-ID, Inc. (NXTD) at http://www.financialnewsmedia.com/profiles/nxtd.html

In additional coverage of NXTD, John T. Burke, Jr., contributing author for Investopedia recently published an article on NXT-ID which included the following highlights and mentions a price target of $5.75: "Keep an eye on NXT-ID Inc. (NASDAQ: NXTD), a mobile commerce and biometric security technology company. Its stock price experiences frequent surges, climbing into the overbought range when its relative strength indicator (RSI) rises above 70. Investors respond well to the company's news, such as the Jan. 25, 2016, news release about the rollout of Wocket, causing a 29.11% price jump to $1.02 per share during that day's trading session.  The company touts its Wocket as the world's first smart wallet. Wocket stores information from credit cards, debit cards and other data. Wocket includes near-field communication (NFC) technology, allowing customers to use this device instead of a card. Use of a smartphone or Internet connection becomes unnecessary because the customer conducts the transaction via NFC. The included WocketCard works anywhere credit cards are accepted and requires the customer's biometric (voice) stamp of approval to complete a transaction...

... The stock price performance chart for NXT-ID shows the stock spending the second half of January 2016 above its 50-day moving average, after experiencing a bearish death cross on July 14, 2015. Its moving average convergence divergence (MACD) is soaring above the signal line, as both are well above the zero line. NXT-ID has a market capitalization of $31.95 million. Mike Latimore of Northland Capital Markets gives this stock a rating of outperform, with a price target of $5.75."  Read the full article here

In other biometrics, smart pay, mobile payment technological advancements and developments:  Visa Inc. (NYSE: V) unveils future of payments and commerce at Mobile World Congress 2016 - At Mobile World Congress 2016, Visa will join innovators from around the world to demonstrate the increasingly important role mobile is playing in how people pay and get paid. Visitors to the Visa booth can explore how a wave of a hand could pay for groceries, or how a connected car can allow a consumer to pay for gas and parking from the comfort of the driver's seat. 

PayPal Holdings Inc. (NASDAQ: PYPL) recently revealed its first major brand campaign as an independent company with a 45-second commercial that will air during the first quarter of Super Bowl® 50. This will mark the first time the global digital commerce leader has advertised during television's most-watched event. The new global campaign, called "New Money" will show how PayPal can make people's lives easier by helping them move and manage money securely and more efficiently.  "We are in a period of transformation - how people shop; how merchants sell; how people interact with the financial system; the very nature of money itself is changing," said Dan Schulman, President and CEO of PayPal. "New Money is a celebration about the ways technology can help expand and improve financial participation and financial health for billions of people worldwide. We want to re-imagine money -- enabling new ways for people to securely and affordably manage, move and spend their money."

The FIDO® (Fast IDentity Online) Alliance, creators of the only cross-industry strong authentication technology standard, announced in January that more than 100 solutions are now FIDO® Certified. Hundreds of millions of end-users' desktop and mobile apps have FIDO-enabled authentication protection available from leading service providers, including Google (NASDAQ: GOOG), PayPal, Samsung, Bank of America (NYSE: BAC), NTT DOCOMO, Dropbox, and GitHub. Another milestone achieved with today's announcement is that FIDO authentication is now enabled on devices from the top five global handset manufacturers. "This explosion of FIDO Certified products and adoption numbers confirm industry-wide endorsement of FIDO as the new strong authentication technology standard," said Brett McDowell, executive director of the FIDO Alliance. "This increasing availability of FIDO Certified solutions creates an unprecedented opportunity for organizations to implement simple, usable and strong authentication and better protect customers, employees and data from the risks of data breaches, hacking and identity theft."

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