Cutting Edge Biometrics and Intellectual Properties from Leading Tech Companies Fuels Technology Sector Growth

CORAL SPRINGS, Florida, October 21, 2013 /PRNewswire/ --

Market News reports for next generation pioneers in the mobile commerce and Technology sector: NXT-ID (OTCQB: NXTD), Microsoft Corporation (NASDAQ: MSFT), LinkedIn Corporation (NYSE: LNKD), Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB)

NXT-ID, Inc., (OTCQB: NXTD) a biometrics company focused on the growing mobile commerce market, announced today that it has submitted a patent application for its unique digital wallet technology.  As a follow up to U.S. provisional patent application No. 61/710,826, NXT-ID has filed patent application 14/049175 for a: Method For Replacing Traditional Payment & Identity Management Systems and Components To Provide Additional Security & A Device Implementing Said Method.

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This patent forms the basis for NXT-ID's widely anticipated next generation payment and identity product - the Wocket™.  "Rather than attempting to replace the wallet, as companies such as Google and Isis (founded by AT&T Mobility (NYSE: T), T-Mobile USA (NYSE: TMUS) and Verizon Wireless (NYSE: VZ) are doing by putting contactless payment capability on smartphones, our method brings the wallet into the 21^st century," said Gino Pereira, CEO of NXT-ID, Inc.  The Wocket™ requires unique biometrically enabled multi-factor authentication to ensure only owners and their private information can be copied into or out from the secure vault wallet device and on to the dynamically programmable magnetic stripe NXTCard. Authenticated users may then select payment information, via touch display or voice command and use the NXTCard as they would any other magnetic stripe credit or debit card.  There is an added advantage in that the NXTCard replaces multiple cards that are currently kept in the wallet with a single secure card.

Microsoft Corporation (NASDAQ: MSFT) just edged Sony for the top position in ABI Research's game console Competitive Assessment, based on expectations for the impact of Sony's PS4 and Microsoft's Xbox One game consoles. ABI Research evaluated a number of companies across three device categories: game consoles, smart set-top boxes, and TVs/Blu-ray players. Several factors were used to score each company based on two main axes of Innovation and Implementation. The assessment provides deep insight into consumer electronics ecosystems and modern video experiences in the connected home.

LinkedIn Corporation (NYSE: LNKD) News:  Viralheat, the social media marketing suite, announced recent that it has updated its social media management suite to include management of LinkedIn Company Pages and Groups, seamlessly bringing social to the enterprise business.  This integration, which allows businesses to monitor, manage, and pull analytics for personal pages, company pages, and groups, follows Viralheat's release of Instagram monitoring and analytics last month.  These additions allow companies to integrate the popular business social network and photo/video sharing platform as part of a larger social media marketing plan.

Apple (NASDAQ: AAPL) upgraded to Buy from Hold at Societe Generale - Societe General upgraded Apple ahead of the October 28 report based on strong September data points. The firm said data over the past few weeks from Taiwan and China is strong driven by additional iPhone sales and indicates potential weakness in Android/Samsung handsets. The firm raised its iPhone unit forecast for the quarter to 34M from 30M and upgraded shares to Buy and raised its price target to $575 from $500.

Facebook (NASDAQ: FB) operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. The company's Facebook Platform is a set of development tools and application programming interfaces that enables developers to integrate with Facebook for creating social apps and Websites. As of December 31, 2012, it had 1.06 billion monthly active users and 618 million daily active users. The company has a strategic partnership with Trend Micro Inc. for educating and protecting users' digital lives against malicious sites and malware. 

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