Newest Mobile Pay Applications Take Giant Leap Forward for Global Payments & Innovative Technology Improvements For Digital Payments

CORAL SPRINGS, Florida, September 30, 2015 /PRNewswire/ --

The general public seemed to be widely accepting the latest mobile payment solutions as a result of groundbreaking technology improving safe, simple methods for consumer purchases.  Companies partnering up and taking the lead on constantly improving mobile payment services and products are NXT-ID, Inc. (NASDAQ: NXTD), Alibaba Group Holding Limited (NYSE: BABA), Total System Services, Inc. (NYSE: TSS), Visa Inc. (NYSE: VISA) and Mastercard Incorporated (NYSE: MA)

NXT-ID, Inc. (NASDAQ: NXTD)  a biometric authentication company focused on the growing mobile commerce market announces that retail veteran William Fields, former President and CEO of Wal-Mart (NYSE: WMT) Retail Stores Division and Chief Executive Officer of Blockbuster Entertainment Group, a division of Viacom, Inc has joined its Advisory Board.  During his 25-year career with Wal-Mart, Mr. Fields held numerous senior executive positions within the organization, including Assistant to Wal-Mart Founder, Sam Walton; Senior Vice President of Distribution and Transportation; and Executive Vice President of Wal-Mart, Inc. culminating in the role of President and Chief Executive Officer of the Wal-Mart Retail Stores Division. Mr. Fields was responsible for over 2,000 stores and 300,000 employees, generating $68 billion in annual revenues.

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

Mr. Fields stated, "With all of the recent payment card breaches and day- to-day consumer concerns over identity theft, Wocket is a  timely cutting edge solution combining both security and convenience. What sets Nxt-ID's technology apart is the flexibility that they have developed that can accommodate a variety of protected payment methods on different payment platforms. This allows their users to remain current and secure as the payment industry is going through a period of rapid evolution and allows consumers to pay with the most convenient payment method of their choice .I look forward to assisting the management team in their efforts to transition from an innovative new technology to widespread consumer acceptance via major retailers."   Gino Pereira, Chief Executive Officer said, "We are honored to have Bill join our Advisory Board and guide us to a new level of consumer awareness and retail exposure. His retail experience is unparalleled and will open doors for Wocket at a much faster pace. His engagement and ability to add value across retail, payment services and low cost manufacturing immediately elevates NXT-ID's execution capability in these critical areas."

In other mobile payment, digital commerce news and happenings: Alibaba Group Holding Limited (NYSE: BABA) and its financial services arm, Ant Financial, have made a "strategic" investment in India's largest mobile payment and commerce platform, Paytm, as investors flock to get a piece of the burgeoning Indian start-up scene.  The deal was disclosed on Tuesday but Alibaba did not reveal the size of the stake or the valuation of Paytm.  Ant Financial, which runs services such as the Alipay mobile wallet, already took a 25 percent stake in One97 Communications in February, the owner of Paytm, in a transaction worth around $500 million, according to media reports at the time.

Samsung Pay officially launched into the U.S. mobile payments market on Sept. 28 and secured support from the payments ecosystem on day one.  Initial partners include the major credit card networks - Visa (NYSE: V), MasterCard (NYSE: MA), Discover and American Express - and some big issuers, including Bank of America, Chase and U.S. Bank. Samsung Pay uses digital tokenization, Samsung KNOX and fingerprint authentication to provide secure payments. The mobile payment service is compatible with most existing and new terminals, including most magnetic stripe, EMV and NFC terminals.  Total System Services, Inc. (NYSE: TSS) was among the major companies that showed its support for Samsung Pay by offering its Total System Services clients - both issuing banks and acquirers - and their merchants the mobile payments option.  "Total System Services s a valued partner to help Samsung bring mobile payment from every-once-in-a-while to almost anywhere," said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. "With Samsung Pay, customers can shop like it's yesterday and pay like it's tomorrow. They can use the only mobile payment option that works almost anywhere you can swipe or tap your card today."

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