CORAL SPRINGS, Florida, January 8, 2014 /PRNewswire/ --
Market news updates for leading edge tech & biometrics companies in the news: NXT-ID, Inc. (OTCQB: NXTD), Pandora Media Inc. (NYSE: P), Facebook, Inc. (NASDAQ: FB), Plug Power (NASDAQ: PLUG) and Yahoo! Inc. (NASDAQ: YHOO)
NXT-ID, Inc. (OTCQB: NXTD), a biometrics company focused on the growing mobile commerce market, revealed its "Checkout with Wocket(TM)" initiative which utilizes patent-pending dynamic pairing technology (DPT) to prevent credit card fraud. The initiative secures all payment card information before, during and after transactions without changing the existing current payment infrastructure. "2013 was clearly the 'Year of Personal Data Breach.' Target (NYSE: TGT) capped off the year with over 40 million credit and debit card account numbers lost to hackers by malware at point of sale terminals," says David Tunnell, CTO of NXT-ID. "Our dynamic pairing technology is built upon the existing systems retailers use today, but with the Wocket(TM) smart wallet, we can provide a dynamic pairing number for any account, not just a single 'card.'"
To read the full press release, click here: http://www.fnmprofiles.com/profiles-nxtd.php
NXT-ID believes the problem behind credit card fraud is not the security of the server housing the card numbers but rather, whether or not that data is useful to a hacker. The "Checkout with Wocket(TM)" initiative is built upon the simple principle of making that data useless in the case of a data breach. With this technology, if someone gained access to a credit card number used with a Wocket(TM) smart wallet, it would not work if sold or used outside of the Wocket(TM) itself, rendering it completely useless to a hacker.
Pandora Media Inc. (NYSE: P) continued to climb Tuesday (01/07/2014) as it ticked upward 3% and reached north of $33.50 in midday trading after it announced on Monday that it would start to release advertising solutions in cars later this month. Pandora made the announcement at the Consumer Electronics Show and the news boosted the stock well into Tuesday. The move could help Pandora stay at the forefront as connected cars continue to increase in prevalence in the coming years. Read the entire release at http://www.thestreet.com/story/12215245/1/why-pandora-media-inc-p-is-up-today.html?puc=yahoo&cm_ven=YAHOO
Facebook, Inc. (NASDAQ: FB) announced that the company's fourth quarter and full year 2013 financial results will be released after market close on Wednesday, January 29, 2014. Facebook will host a conference call to discuss the results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Facebook Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables and slide presentation. Facebook uses the investor.fb.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at +1 (404) 537-3406 or + 1 (855) 859-2056, conference ID 25168884.
Plug Power (NASDAQ: PLUG) to develop fuel cell range extenders for FedEx (NYSE: FDX) Express electric delivery trucks - PLUG announced it will develop hydrogen fuel cell range extenders for 20 FedEx Express electric delivery trucks, allowing FedEx Express to nearly double the amount of territory the vehicles can cover with one charge. This $3 mln project is funded by the US Department of Energy and includes project partners FedEx Express, Plug Power and Smith Electric Vehicles. The resulting hybrid vehicles will be powered by lithium-ion batteries and a 10-kilowatt Plug Power hydrogen fuel cell system. The fuel cell solution is based on Plug Power's GenDrive Series 1000 product architecture.
Tuesday at the annual Consumer Electronics Show (CES) in Las Vegas, Yahoo! Inc. (NASDAQ: YHOO) unveiled new products and media sites across smartphones, tablets and the web, as well as a new suite of advertising technology to help advertisers, publishers and partners get more return from their online advertising campaigns. In a keynote address, Yahoo CEO Marissa Mayer discussed the company's vision to make the world's daily habits inspiring and entertaining. Yahoo executives were joined onstage by Yahoo's new Global Anchor Katie Couric; Yahoo Tech vice president of editorial David Pogue; celebrity talent including SNL's Cecily Strong and Keenan Thompson; as well as John Legend, Grammy-Award-winning artist and a member of Yahoo's 2013 On the Road tour.
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