CORAL SPRINGS, Florida, July 25, 2014 /PRNewswire/ --
Biometrics industry expands and becomes more influential as more consumers are turning to digital technology for online & commerce payments while seeking security comfort: NXT-ID, Inc. (OTCBB: NXTD), Google Inc. (NASDAQ: GOOG), LifeLock Inc. (NYSE: LOCK), Visa Inc. (NYSE: V), Apple Inc. (NASDAQ: AAPL) and Fortinet Inc. (NASDAQ: FTNT)
NXT-ID, Inc., (OTCQB: NXTD) a biometric authentication company focused on the growing m-commerce market, announces its next generation smart wallet, Wocket™, was recently the topic of an interview on Boomer Times. Host Anita Finley interviewed Gino Pereira, CEO of NXT-ID, on July 9th for over thirty minutes. Mr. Gino Pereira explains how the Wocket will replace old bulky wallets full of credit cards and walks host Anita Finley through the step-by-step process of using a Wocket and its biometrically secure card, replacing a traditional credit card. Gino tells Anita that 44% of known causes of identity theft can be traced back to stolen wallets. He goes on to share that one in ten consumers have been a victim of identity theft and how the biometric security features of the Wocket can prevent future abuse.
When Anita asks if a Wocket is for men or women he responds, "It's for everybody who wants something new and techy. It's cool but it's also very practical and helps protect your identity, keeping it in your own personal vault." "The young kids of course will love it but it takes us older people a little bit longer to figure out" says Host Anita Finley.
Read the full NXTD press release at http://www.fnmprofiles.com/profiles-nxtd.html
In terms of the boomer generation, Gino notes the Wocket is very simple to use. "We do recognize that some members of the older generation are the ones most concerned with identity theft. They may only have a couple of credit cards or debit cards but it is great value to protect them. Literally within a minute of reading instructions they can get two or three cards loaded on their Wocket and have it set up and ready to go." The Wocket is currently available for advance orders at http://www.wocketwallet.com and shipments are scheduled to begin in September 2014. 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.
Global Biometrics Market to Reach $16.7 billion by 2019 - The exploding growth of biometric products and technology has been in response to consumers needs for identity theft avoidance and global security threats. Identity Theft, Online mCommerce threats, airport security initiatives, and attempts to lower crime rates have brought an increasing interest in biometric technologies. Leading companies such as Google (NASDAQ: GOOG), LifeLock (NYSE: LOCK), Visa (NYSE: V) have recently taken steps to ensure secure commerce vehicles are in place to ease the consumer's concerns with Identity Theft without compromising the convenience of smart technology products and services.
As reported, the global biometrics market is at $5.2 billion in 2012 and anticipated to reach $16.7 billion by 2019. To read the full article, go to: http://www.whatech.com/market-research-reports/press-release/24825-global-biometrics-market-to-reach-16-7-billion-by-2019
Apple (NASDAQ: AAPL) iPhone users latest 5s model's fingerprint scanner. The addition could mark a turning point for biometric security technology, long a subject of concern to privacy advocates. Called Touch ID, it makes the smartphones less susceptible to theft or misuse, and owners are lapping it up, according to Apple. Company research shows that 83% use a fingerprint scan to unlock their 5s phones, compared with fewer than half who previously bothered to secure their devices with passwords. Banks such as Bank of America, with 15 million active mobile accounts, may use the technology in future iPhone applications. Read the full article at http://www.usatoday.com/story/money/personalfinance/2014/06/29/banking-apple-biometric/11504139/
In other Security News: Fortinet® (NASDAQ: FTNT), a global leader in high-performance network security, this week announced financial results for the second quarter ended June 30, 2014. "Our strong second quarter results highlight that our growth strategy is working and our sales and marketing investments are paying off, especially in the high-end enterprise where we saw significant traction with large deals over $500,000 growing 95 percent year over year," said Ken Xie, founder, chairman and chief executive officer. "Our ability to exceed expectations across all operating metrics during Q2 was driven by the combination of superior sales execution, improved marketing, and strong demand for new high-performance enterprise products. With continued focused execution and an exciting portfolio of new products that further strengthen our competitive advantage, we believe Fortinet remains well-positioned for growth and market share gains." To read the full financial results report http://finance.yahoo.com/news/fortinet-reports-strong-second-quarter-201500068.html
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 a non-affiliated third party.
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.
SOURCE FN Media Group, LLC