Google Wallet, Citi Wallet & Wocket™ Digital Wallet Making Mobile Payments More Convenient & Secure - Smart Wallet Manufacturer Approved for Listing on NASDAQ Capital Market

CORAL SPRINGS, Florida, August 26, 2014 /PRNewswire/ --

Biometrics advancements and smart technology recent developments strengthens grip on mobile payments as companies move to improve digital wallets and other mCommerce platforms to boost convenience and security for consumers: NXT-ID Inc. (OTCBB: NXTD), Citigroup Inc. (NYSE: C), Amazon.com Inc. (NASDAQ: AMZN), eBay Inc. (NASDAQ: EBAY), Google, Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL).

NXT-ID Inc. (OTCQB: NXTD) 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 the Wocket™; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required.   NXTD has updated the website for its innovative smart wallet, the Wocket™. The company is nearing its initial shipping date in September. For more information on the device, please visit NXTD's website at: http://wocketwallet.com/. 

The Company also plans on continuing to produce celebrity ads for the smart wallet. Stars like Joey Fatone and Vinny Paz have already appeared in campaigns and consumers can expect to see more famous faces with a Wocket at https://www.facebook.com/wocketwallet.

Additionally, the Company announced last week it has received approval to be listed on The Nasdaq Capital Market. Once the move is official, the company will trade under the symbol "NXTD" and "NXTDW". Until then, it will continue to trade on the OTC Quotation Board under "NXTD". To read more about the NXTD up listing to NASDAQ, please go to: http://www.financialnewsmedia.com/profiles/nxtd.html

Another player in the digital wallet field is Citigroup (NYSE: C), as the company recently unveiled its "Citi Wallet". This makes Citi the first global bank to develop its own digital wallet and the company hopes to increase convenience and security for its clients when making online purchases.   "As online spending continues to grow, we heard from our cardmembers that they want a faster way to make purchases online," said Barry Rodrigues, Head of Citi Enterprise Payment Solutions. "Citi Wallet delivers this by reducing online checkout to just a couple clicks - whether they are purchasing a sweater, flowers or a new tablet."   To read the full story, please click here: http://www.marketwatch.com/story/new-citi-wallet-simplifies-online-purchases-2014-08-25

Amazon.com (NASDAQ: AMZN), eBay Inc.'s (NASDAQ: EBAY) PayPal and Apple (NASDAQ: AAPL) are other big names will their hands also in the digital payment hat. Amazon recently released an wallet in the form of an app, which allows users to upload gift cards and more while also having the ability to check balances from their Amazon devices. PayPal, who's arguably the biggest and most successful name in the industry, has recently announced partnerships with both Uber and Jamba Juice. And then there's Apple, who has been rumored to have included an near field communication (NFC) payment system in the iPhone 6, which will hit the markets this fall.   Contactless payments have had a checkered history. At the moment, the two major mobile payment systems that use N.F.C. are Google Wallet (NASDAQ: GOOG) and the Isis mobile wallet app, which was a joint creation of AT&T, Verizon and T-Mobile. (Isis mobile wallet is in the process of changing its name to avoid confusion with the violent militant group wreaking havoc in Iraq and Syria.)To read more on this, please click here: http://www.startribune.com/business/270059481.html

CNN also recently published a report that details the future of the mobile payment industry. From NFC, to the widespread use of the technology in Europe, the report displays the reasoning for experts to have such high hopes for the industry's growth both in the United States and worldwide. To read the full report, please click here: http://www.cnn.com/2014/08/21/tech/how-well-pay-for-things-in-the-future/

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