Mobile Payment Devices Gaining Steam as Consumers Seek Newest Smart Wallet Product That Offers Secure, Point-of-Sale Purchases

CORAL SPRINGS, Florida, April 28, 2015 /PRNewswire/ --

Mobile payment transactions globally have been a developing, long-held concept for many tech companies in the smart technology industry for making quick and easy payments using a device that is not only safer, but more likely to get consumers to buy more things as they browse away. Consumers are beginning to be convinced that whipping out a device or app is easier & now safer than presenting a card or cash which is the primary reason mobile payments have essentially become more than a niche play.  Companies implementing new innovative technology in the mobile payment industry are:  NXT-ID, Inc. (NASDAQ:NXTD), Apple Inc. (NASDAQ: AAPL), Discover Financial Services (NYSE: DFS), Google Inc. (NASDAQ: GOOG) and Western Union (NYSE: WU)

NXT-ID, Inc. (NASDAQ:NXTD), a biometric authentication company focused on the growing mobile commerce market, announces that its Wocket® Smart Wallet will commence shipping to pre-order customers the first week of May, 2015 and will be fulfilling all paid pre-orders through the month of May.   Gino Pereira, Chief Executive Officer said, "This is a significant milestone for the company as Wocket® enters the consumer market. We would like to express our appreciation to all our pre-order customers that have waited patiently to receive this revolutionary product."

Early access customers who tested Wocket® at a large number of locations confirm that Wocket® supports a wide range of retailers and merchants, as well as ATM's, gas stations with dip style readers and point-of-sale terminals that require your full name which other emerging card technologies find difficult. Feedback from these early access customers has been incorporated Into Wocket® to improve reliability and ease of use. 

Read the full NXTD Press Release at http://www.financialnewsmedia.com/profiles/nxtd.html

Gino went on to say, "What we have achieved is truly unique and game-changing.  We have developed a personal vault that not only protects  your identity, but also enables you to pay with a new technology that also works with current payment systems that we use today."   We will be issuing invitations for purchase to our backlog of registered consumers subsequently in June, followed by full-scale release to the general public.  Wocket® can be ordered at Wocketwallet.com, and will be available at well- known retail outlets later this year.   Wocket® is a smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone or cloud required. Wocket® works anywhere credit cards are accepted and only works with your biometric stamp of approval.

In other global & mobile payment news and happenings:  Discover credit card (NYSE: DFS) holders will be able to tap into Apple Pay (NASDAQ: AAPL) later this year.  Starting this fall, Apple Pay users in the US will be able to add their Discover cards to Apple's mobile payments system to buy items at supported stores and other sellers, Discover announced Monday. Apple Pay already accepts Visa (NYSE: V), MasterCard (NYSE: MA) and American Express, so Apple will have a lock on all four major credit cards in the US.  Read further details at http://www.cnet.com/news/apple-pay-to-accept-discover-cards-starting-this-fall/

Yahoo Finance confirmed that Google (NASDAQ: GOOG) recently changed how it handles money with its digital wallet service. These changes now put Google Wallet within FDIC standards, which will protect funds up to $250,000 USD. This means if Google happens to go bankrupt, you won't have to go to court to get $250,000 USD of your money back. PayPal (NASDAQ: EBAY) and Venmo, who offer similar services, don't offer this type of protection.  Read the full report at http://www.ign.com/articles/2015/04/21/google-wallet-funds-are-now-insured-by-the-fdic

Western Union (NYSE: WU), a leader in global payment services, and Microsoft-owned Skype, provider of internet software that enables users to communicate via messaging, video or voice calls, announced an agreement which allows Skype customers to top up their accounts at more than 50,000 Western Union® Agent locations across the United States.  This strategic alliance advances Western Union's market leadership in enabling digital-age participation by using a walk-in payment solution for consumers. It also paves the way for value-add offerings for companies with digital-rich content or online merchandisers seeking to attract new customers.

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