Smart Wallets & Mobile Payment Options Continue to Improve as Biometric Technology Leads To More Secure Transactions for Consumers - Updated Research Report with Intrinsic Value Issued

May 21, 2015, 08:35 ET from FN Media Group LLC

CORAL SPRINGS, Florida, May 21, 2015 /PRNewswire/ --

Cutting-edge technology advancements in the mobile payment industry are moving consumers closer and closer to a credit cardless & cashless future. Mobile technology has driven innovations in the payments industry that are making it easier and easier to make purchases without ever opening their wallet.  Leading smart technology companies in the mobile payment space in focus today are:  NXT-ID, Inc. (NASDAQ: NXTD) (NXTDW), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), eBay Inc. (NASDAQ: EBAY) and Lifelock Wallet (NASDAQ: LIFE)

NXT-ID, Inc. (NASDAQ:  NXTD) (NXTDW) News - SoundView Technology Group issues a new research note on the NXT-ID, Inc. Wocket smart wallet.  Back in March SoundView published an NXT-ID update note on the first "early access" Wockets shipping which allowed the company to gather feedback from field use... By July, the company should reach their baseline production capability of 10,000 units/month, which will coincide with initiatives in marketing and sales as well as some new distribution partners who will help with market penetration and fulfillment.  What follows are some new usage notes for the commercial version and a restatement of SoundView assumptions behind their model that supports an NXTD intrinsic value of $8/share for 2015 and path to $17 in 2016.

The full update is available for download here:  

http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_SV_NOTE_MAY_2015_PUB.pdf

Fortunately, NXTD is not alone in their enthusiasm for the Wocket. Ever since CES in January, there has been strong and steady interest from a range of distribution partners. SoundView expects the ramp in marketing in the July timeframe will coincide with one or more of the smaller partners helping the Wocket to reach more consumers.

In other NXTD news the Company announced this week it is an official contractor under Team Battelle for the biometrics technology portion of the recently awarded TIES (Technical Information Engineering Services) Unrestricted Suite Contract from the Department of the Army.  3D-ID LLC has a suite of 3D facial recognition products developed for government, law enforcement and security agencies.

Gino Pereira, Chief Executive Officer said, "We are very proud to be part of Team Battelle and contributing our expertise in biometric technologies. This award is the culmination of 2 years hard work by many parties involved. Although the Company's primary focus has been on our biometric smart wallet, the Wocket®, currently being shipped to our pre-order customers, we have continued to develop opportunities for our core biometric products. We look forward to supporting Battelle on future task orders. "

Read the full NXTD press releases at http://www.financialnewsmedia.com/profiles/nxtd.html

The contracts were awarded on 08 May 2015, and include nine total awardees. The estimated total contract value of the entire TIES program is $994M. This IDIQ contract will be Task Order driven and Task Orders under the Unrestricted Suite will be issued on a Full and Open Competition Basis among all nine Awardees.  The work conducted under TIES will span multiple areas of interest supporting the Information and Intelligence (I2WD) mission including Biometric Enabled Intelligence (BEI). I2WD is the Intelligence and Information Warfare Directorate which is part of the US Army's Communication's-Electronics Research, Development and Engineering Center (CERDEC). 

In other ecommerce - mobile payment news and happenings:  If you want to get started with mobile payments, you have to first understand all your options. Here are a few of the top mobile payment systems available. Feature in this article: Google Wallet (NASDAQ: GOOG), Apple Pay (NASDAQ: AAPL), PayPal (NASDAQ: EBAY), Lifelock Wallet (NASDAQ: LIFE)

Google Wallet

One of the first major NFC-based payment systems, Google Wallet was released back in September 2011. You can use Google Wallet to make purchases online or in a store, and send money to friends and family. Some have argued that it will be overtaken by Apple Pay, but that may not be the case. In fact, Google recently acquired intellectual property (IP) from Softcard to better compete.

Apple Pay

Apple Pay debuted alongside the iPhone 6 in late 2014. Users with an iPhone 6 or later, or an Apple Watch, register existing credit or debit cards with the service and use it to make payments with one of those cards. To use Apple Pay, you place your device near a reader and place your finger on the fingerprint scanner to quickly make a purchase.

PayPal

Known as the go-to payment system for eBay, PayPal also has a pretty useful mobile app. Users can snap a picture of a credit or debit card to add it to their account and make purchases or send money straight from their phone. PayPal has integrations with Uber, Airbnb, and StubHub for convenient payments.

Lifelock Wallet

After purchasing Lemon Wallet, Lifelock created the Lifelock Wallet. It acts as a cloud storage system for all the cards you'd normally see in a wallet. Your ID, insurance card, loyalty cards, and payment cards are all stored and accessed through the app. The app touts Lifelock's security protection and users can access their credit score through the app for $.99.

Read the full article at http://www.techrepublic.com/article/10-mobile-payment-systems-you-need-to-know/

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