Advancements in Digital Wallets Aim to Erase Security Concerns for Google Wallet, Apple Passbook & Wocket™ Smart Wallet - Biometric Company Approved for Up Listing to NASDAQ

CORAL SPRINGS, Florida, August 22, 2014 /PRNewswire/ --

Biometrics & mCommerce companies aim to solve security issues through advanced smart payment platforms as recent forecast displays favorable outlook for digital payments: NXT-ID, Inc. (OTCBB: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), eBay Inc. (NASDAQ: EBAY) and Mastercard Incorporated (NYSE: MA)

NXT-ID, Inc. (OTCQB:NXTD), a biometric authentication company focused on the growing mobile commerce market, announced yesterday afternoon that its shares of common stock and the warrants to purchase common stock to be issued in its proposed underwritten public offering of common stock and warrants have been approved for listing on The Nasdaq Capital Market, subject to closing of its proposed underwritten public offering of the common stock and warrants, and will trade under the symbol "NXTD" and "NXTDW," respectively.  The Company's common stock will continue to trade on the OTC Quotation Board under its existing symbol "NXTD" until the Nasdaq listing.

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Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.  Yesterday, NXTD announced the winners of the social media competition "Show us your Wallet", #Needawocket that officially closed August 17th.  Photos and winners can be viewed at the photo gallery:  https://www.facebook.com/wocketwallet in the Photo Competition section.

Digital Payment News:  While consumers may be hesitant to begin using digital wallets due to security concerns, companies like NX-ID, Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG) and eBay's PayPal (NASDAQ: EBAY) are striving to create platforms that erase all worries and allow for optimum efficiency. The trend of digital payments has begun abroad and is only growing. Even though the technology, also known as near field communication has been around for several years now, it's only recently that contactless cards have started gathering pace. Last year, a report by Juniper Research said that 249 million cards will be used for contactless payments in 2014, driven by rising adoption in countries like the UK, Australia, Canada and Poland. In Britain alone, spending via contactless payment cards hit £109.2 million last March, up three times compared to a year ago. Read more at: http://www.wgal.com/money/technology/how-well-pay-for-things-in-the-future/27656014#ixzz3B3cjHloQ

Mastercard (NYSE: MA), another player in the digital currency realm, is aiming to shore up security as demonstrated in recent news it is placing computer chips in credit cards. With news of various breaches across the United States, this move will help to combat the rising number of fraud cases. According to the Wall Street Journal, MasterCard recently tested consumer reaction to the cards at focus groups in St. Louis and Towson, Maryland. To read this report in its entirety, please click here: http://www.bizjournals.com/stlouis/blog/biznext/2014/08/mastercard-putting-computer-chips-on-credit-cards.html

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