NXT-ID Analyst Update Initiated by Smart Wallet being Named as "Number One Tech Gift of 2015" Issued by Small Cap IR
NEW YORK, March 12, 2015 /PRNewswire/ -- Analyst Report Issued by Small Cap IR. In 2011, Nilson Report's annual Global Credit Card Brands report showed that planet-wide, transactions at merchants on the leading payment cards rose to $135.3 billion in 2011, while the total number of credit, debit, and prepaid cards reached 6.54 billion. Eight million credit card users in the U.S. were victims of fraudulent card usage in 2012, and credit and debit card fraud resulted in $11.27 billion in losses. One company addressing credit and debit card fraud prevention is NXT-ID, Inc.
NXT-ID's recent developments include the Wocket (a single device that can replace your whole wallet while offering a high level of cyber protection), "voice card" (a groundbreaking payment method that allows users to access their accounts using speech and biometric voicematch security). The firm successfully patented both products. On March 10th, 2015, the Wocket was recognized as Number One Best Tech Gift for 2015 by Rethink Modern.
NXT-ID's direct competitors are Google Wallet, Square wallet, PayPal, Isis, Lemon Wallet, and Apple. Share price is highly influenced by strategic moves of those competitors. However, the market for NXT-ID is not limited to mobile commerce market. The firm expect its facial and voice detection technology would find applications in law enforcement and security.
NXT-ID, Inc. (NASDAQ: NXTD) is an early stage technology company focused on providing biometric products, solutions, and services for applications that have a need for biometric secure access control. The company was founded in 2011 and is headquartered in Shelton Connecticut. The company introduced its first commercial product at the 2015 Consumer Electronics Show in Las Vegas, where it was named as one of "11 Hot Products at CES" by Wired.com.
An analyst report on NXTD that includes a company overview, market and competition breakdown, recent events, outlook, analyst summary, price target, and recommendation can be viewed by using the following link at no cost:
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