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Next Generation Smart Wallets Replaces Need to Carry Credit Cards While Protecting Consumers Identity - Updated Independent Advisory Report Issued with Increased Estimated Projections


News provided by

FN Media Group LLC

Mar 25, 2015, 08:43 ET

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CORAL SPRINGS, Florida, March 25, 2015 /PRNewswire/ --

Mobile technology offers many opportunities to grow consumer and merchant payments alike.  Biometric identification solutions lessens consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices as innovative smart technology releases into the market.   Biometrics and Smart Technology Companies in Focus Today are: NXT-ID's (NASDAQ: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) and Facebook Inc. (NASDAQ: FB)

SoundView Technology Group issues a new research update following the recent shipment of NXT-ID's (NASDAQ: NXTD) Wocket smart wallet. SoundView was one of the selected user groups to provide real- orld user feedback on their experience with the Wocket in multiple scenarios and outlets.  Soundview analyst Kris Tuttle also says, "If the company meets their plans in 2015, it would push our IV estimate up to $17.42 for 2016."

Excerpt: The Wocket Arrives KRIS TUTTLE - Company Update - After months of hard work and anticipation the Wocket has shipped. This event addresses the first chorus of skeptics who have insisted that "the Wocket will never ship." Even within the limits of an "early access device" our initial testing has gone very well in outlets ranging from CVS to Whole Foods to Panera using Visa (in both debit and credit mode) as well as American Express cards.  So after suffering from a prolonged "wait and see" attitude the stock has moved up sharply recently in response to the initial shipments. Our own experience with the device so far would reinforce the view that 2015 will be a good year for the Wocket and NXTD shareholders.

Read the Full NXTD Announcements at http://www.financialnewsmedia.com/profiles/nxtd.html

The two major risks remaining are 1) the ability to ramp up production to thousands of units at first and then tens of thousands per month and 2) mainstream consumer reactions and adoption.  Our IV of $8.18 makes the shares very attractive, albeit with some expectation of success built into the estimate. If the company meets their plans in 2015, it would push our IV estimate up to $17.42 for 2016.  The full update is available for download here:

http://s3.amazonaws.com/PUBLISHED/NXT-ID_NXTD_SV_NOTE_MAR_2015_PUB.pdf

NXTD also announced this week its biometric payment technology, the Wocket® smart wallet, will start a new advertising campaign on CNBC television starting March 30th .  The new 30 second ads will commence airing in New York markets.  Gino Pereira, Chief Executive Officer said: "We are excited about our new ad campaign following the recent initial shipment of Wocket smart wallets.  We believe consumers are ready to embrace our secure payment technology and as David Tunnell, our CTO, says in the ad, we're excited to put a wocket in your pocket."

In other smart technology news & happenings:  Apple (NASDAQ: AAPL) announced that Apple Watch™, its most personal device yet and the newest innovative addition to Apple's ecosystem, will be available on Friday, April 24 to customers in Australia, Canada, China, France, Germany, Hong Kong, Japan, the UK and the US. Apple Watch is an incredibly accurate timepiece, an intimate and immediate communication device and a groundbreaking health and fitness companion. Highly customizable for personal expression, Apple Watch also brings an entirely new way to receive information at a glance and interact with the world through third-party app experiences designed specifically for the wrist.

Google Wallet (NASDAQ: GOOG) is the original and oldest mobile wallet platform - available since September 2011 - that stores not only credit and debit cards, but loyalty and gift cards as well, and lets you send cash to anyone with a Gmail account. A combination of factors - U.S. carriers initially blocking its usage, the necessity of an NFC-equipped Android phone running KitKat or later for use at retail and lack of marketing support from Google - has kept Google Wallet from generating less consumer interest in three years-plus than Apple Pay has in less than five months.

Facebook's (NASDAQ: FB) move into payments spells data opportunity but security threat - Recently Facebook revealed it was rolling out a payments feature in Messenger, it's clear that Facebook is setting itself up to be a unique data store for marketing purposes.  Read the full article at http://venturebeat.com/2015/03/19/facebooks-move-into-payments-spells-data-opportunity-but-security-threat/

What happens when the most dominant tech company in the world, Apple (AAPL), creates a product that works in the space as the largest creditcard companies MasterCard (NYSE: MA) and Visa (NYSE: V)? It makes them even more dominant.  Cowen's  Moshe Katri and Avishai Kantor note that not only did Apple decide to use the existing network for ApplePay, it also chose to let the networks manage the collecting of fees on its behalf as well. Because of that, whether consumers decide to use ApplePay isn't as relevant to MasterCard and Visa as it would be if Apple were creating its own infrastructure. The upshot: "Apple chose to solidify network dominance," Katri and Kantor say.

It could, however, be a slight advantage for Visa over MasterCard, Katri and Kantor say. That's because two-thirds of Apple iTunes accounts use Visa-branded cards, which is better than the global usage of 50% for Visa and 30% for MasterCard. Read the full article at http://blogs.barrons.com/stockstowatchtoday/2015/03/23/why-apple-pay-could-make-visa-and-mastercard-even-more-dominant/

FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services.  If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/.  Follow us on Facebook:  http://www.facebook.com/financialnewsmedia and Twitter:

http://twitter.com/FNMgroup. 

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated one thousand four hundred dollars for news coverage of the current press release issued by NXT-ID, Inc. by the company.  FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. 

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:
Company:  FN Media Group, LLC
Contact email:[email protected] 
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com

SOURCE FN Media Group LLC

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