Global Acceptance for Latest Mobile Payment Technology Continues to Grow as Biometrics Sector Explodes for Multi-Billion Dollar Digital Payment Industry

CORAL SPRINGS, Florida, October 17, 2014 /PRNewswire/ --

Consumers globally prepare for purchases and online payments to go digital as leading tech companies launch competing mobile payment platforms to increase security and convenience: NXT-ID, Inc. (NASDAQ: NXTD), Apple Inc. (NASDAQ: AAPL), Alibaba Group Holding Ltd. (NYSE: BABA), Visa Inc. (NYSE: V) and Microsoft Corporation (NASDAQ: MSFT)

NXT-ID, Inc. (NASDAQ:NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market announces that it will present its leading edge technologies including Wocket™, the Smart Wallet, at the 13^th annual Future in Review® (FiRe) Conference. FiRe is a leading global conference on the intersection of technology and the economy.

Hosted by Mark Anderson, founder and publisher of the Strategic News Service™, the Future in Review® (FiRe) Conference exposes world experts and participants to new ideas in a manner that produces an accurate portrait of the future in technology, including the global economy, cloud computing, biology and medical diagnostics, policy, netbooks, space travel, sustainability, and other fields that contribute to technology outcomes. (Strategic News Service and the weekly SNS  Global Report have been accurately predicting the technology industry's future since 1995.)  Gino Pereira, CEO of NXT-ID said," It is a great honor to be selected as a FiReStarter, one of only up to 12 companies chosen annually who, in the opinion of the Strategic News Service, are on the cusp of making great strides in improving our world."  Wocket™ is a smart wallet, the next evolution in smart devices, following the smart phone and smart watch.

 To read the full press release, please click here:http://www.financialnewsmedia.com/profiles/nxtd.html

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.  Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. can also be stored on Wocket™.

According to reports, Apple's (NASDAQ: AAPL) mobile payment system is set to launch on October 20^th.  A purported internal memo from Panera Bread, one of Apple's payment launch partners, notes that the service will be up and running beginning Monday, October 20th, says 9to5Mac. "We are excited to share that Apple is very close to releasing Apple Pay and actually planning to launch on October 20th," the memo reads. "With the release of Apple Pay, we expect customers coming in to use Apple Pay, as well as an increase in other customers coming in to use other types of Tap & Pay like Google Wallet or SoftCard." The memo goes on to note that some locations may not receive point of sale units that work with those options until the launch day. Read more here: http://www.theverge.com/2014/10/15/6985591/apple-pay-launch-tipped-for-october-20th-by-panera-bread

Chinese e-commerce firm Alibaba Group Holding Ltd (NYSE: BABA) said on Thursday it has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry. Alibaba has been aggressively offering new financial services around Alipay, including a money market fund for consumers, a mobile payment app and even a new private bank that was approved by the Chinese government in September. Read more here: http://www.reuters.com/article/2014/10/16/us-china-alibaba-idUSKCN0I50KJ20141016

Visa  (NYSE: V) CEO Charlie Scharf is trying to change the payments conversation, from reaching out to retailers-some of whom, he freely admits, "hate" Visa-to embracing mobile and cyber currency strategies, according to an extensive BusinessWeek profile published Thursday (Oct. 2). "A 4-foot-tall robot with a video screen for a head swerves past an orange couch and bumps into the wall of a conference room. A few feet away, an engineer tests a virtual reality headset that can allow a coffee-shop owner to forecast hot-chocolate sales during a blizzard," the story said. "This is Visa's new outpost in San Francisco - part executive office, part design laboratory and entirely the brainchild of Charlie Scharf, Visa's chief executive officer." Read more here: http://www.pymnts.com/news/2014/visa-ceos-digital-vision/#.VD_9ECldV5A

In other technology news:  Microsoft (NASDAQ: MSFT) recently announced it has partnered with Docker to bring open container technology to the next release of Windows Server. The move enables Docker applications to move beyond Linux, opening the platform to new enterprise and cloud capabilities with Windows Server and Microsoft Azure integration. Microsoft Open Technologies has made a simplified setup of the original Docker Engine for Linux available on Azure since June, but the partnership provides full Azure integration and Docker baked right into the next Windows Server release, opening up Docker Engine, Docker Hub and images for developers. - See more at: http://sdtimes.com/microsoft-partners-docker-container-technology/#sthash.SCwhHGtJ.dpuf

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