Advanced Biometrics Mechanisms Play Vital Role in Combating Cybersecurity Issues for the Mobile Commerce Market by Detecting Fraudulent Transactions Before Reaching Completion

CORAL SPRINGS, Florida, February 11, 2015 /PRNewswire/ --

As the growing mobile commerce and ecommerce markets exploding globally, leading tech companies race to develop and utilize biometrics solutions to battle cybersecurity issues and fraudulent transactions for consumer protection.  Companies in focus today taking the lead in dealing head on with cybersecurity concerns are:  NXT-ID, Inc. (NASDAQ: NXTD), Cisco Systems, Inc. (NASDAQ: CSCO), Symantec Corporation (NASDAQ: SYMC), International Business Machines Corporation (NYSE: IBM) and Apple Inc. (NASDAQ: AAPL)

NXT-ID, Inc. (NASDAQ:NXTD) and (NXTDW), a biometric authentication company focused on the growing mobile commerce market, announces that Mr. David Tunnell, the Company's Chief Technology Officer, has been invited to present at CARTES SECURE CONNEXIONS AMERICA 2015. As an expert in biometrics and secure communications, Mr. Tunnell will speak on the critical issue of "Global Fraud: Where is the Trust in Cyberspace?"  CARTES SECURE CONNEXIONS AMERICA is a new business event designed to promote smart technologies in the large and dynamic North American market.

David will discuss enabling technologies that keep private information private where it belongs while facilitating unparalleled convenience and security. Much like how people become familiar with persons' attributes such as their face, voice and other unique features and mannerisms, David will discuss methods such as dynamic pairing to enhance trust between users, devices and applications as they "learn" more about each other via historical "inter-awareness." NXT-ID's patent pending dynamic paring is means to better earn trust over time as users, devices and applications interact and authenticate with one another in order to augment and improve the state-of-the-art in cybercrime, share intelligence and respond prudently in the event of a breach. The session will be held Tuesday, May 5th from 11:15 - 11:45 AM in Washington D.C. Key themes to be discussed will include data security, authentication, digital identities, privacy and anonymity.  More info on the Conference: CARTES SECURE CONNEXIONS AMERICA 2015 May 5-7, 2015 Washington, DC:www.cartes-america.com

Read the entire NXTD Press Release at http://www.financialnewsmedia.com/profiles/nxtd.html

NXT-ID, Inc.'s innovative MobileBio solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio suite of biometric solutions that secure consumers' mobile platforms led by Wocket(TM); a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/   NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

Cisco Systems, Inc. (NASDAQ: CSCO) is extending its leadership in promoting open standards, interoperability and multi-vendor solutions for Software Defined Networking (SDN) technology. Cisco announced recently that it is furthering its open standards approach to SDN, complementing its open Application Centric Infrastructure (ACI) approach and extending standards-based interoperability for its Nexus 9000 Series switches with support for the IETF standard BGP EVPN protocol for overlay networks. Support for BGP EVPN (Border Gateway Protocol - Ethernet Virtual Private Network) on the Cisco Nexus 9000 is scheduled to be available this month, with support for Cisco Nexus 7000 series switches and Cisco ASR 9000 series routers scheduled to be available in Q2 CY15. 

Symantec Corporation (NASDAQ: SYMC) recently announced that its Board of Directors has approved a $1 billion share repurchase program. "Returning cash to shareholders has long been one of Symantec's stated priorities," said Michael A. Brown, Symantec president and CEO. "Over the past ten years, Symantec has returned more than $10 billion to shareholders through the purchase of common stock." This open-ended program is effective immediately. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice. As of January 2, 2015, Symantec had approximately $283 million remaining under its previously authorized program.

International Business Machines Corporation (NYSE: IBM) recently announced the launch of its new z13 mainframe servers in India. The new servers will introduce more security to the Indian mobile commerce space, using real-time encryption on all mobile transactions made by e-commerce and mobile commerce firms. According to IBM, the z13 mainframe is able to process some 2.5 billion transactions every day. The servers could be a powerful boon for the Indian mobile payments space, which has been growing significantly in recent years. Read more here: http://www.qrcodepress.com/ibm-launches-new-servers-support-mobile-commerce-india/8529387/

Apple Inc. (NASDAQ: AAPL) news: The US Patent and Trademark Office published a patent filing from Apple that could have to do with part of its mobile security feature that collects fingerprints in order to unlock devices and conduct other functions through certain iPhone models. The patent described a method of recording an individual's fingerprints by way of the Touch ID mobile security sensor from Apple, so this information could then be uploaded to the cloud and synced with other Apple devices. The sensor necessary for Touch ID has been built into Apple technology in its smartphones since the iPhone 5S, and in the iPads that have been released since that time in 2013. The sensor allows a device owner to use his or her fingerprints in order to access the device. However, more recently, it also became an identity verification feature when making purchases through the new mobile wallet system, Apple Pay. Read more here: http://www.mobilecommercepress.com/new-apple-mobile-security-patent-send-fingerprints-cloud/8515319/

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