Wireless Technology Leads to Advanced Improvements for Smart Technology Products for Consumers - Company Files for New Patent Aimed to Become Game Changer for Mobile Payments

CORAL SPRINGS, Florida, April 7, 2015 /PRNewswire/ --

Newest mobile payment platforms, digital wallets and wearables seek further enhancements so consumers are able to make payments while protecting personal data with wireless technology advancements.  Smart Technology companies in focus today are:  NXT-ID, Inc. (NASDAQ: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Vodafone Group Public Limited Company (NASDAQ: VOD), Alibaba Group Holding Ltd. (NYSE: BABA)

NXT-ID, Inc. (NASDAQ:NXTD), a biometric authentication company focused on the growing mobile commerce market, announced that it has filed provisional patent 62/143028 for MINIATURE, MULTI-PURPOSE ANTENNA METHOD AND SYSTEM FOR LOW-POWER CLOSE-PROXIMITY COMMUNICATIONS AND ENERGY TRANSFER

NXT-ID introduces a new revolutionary method and system to perform wireless payments. This patent surrounds the use of miniature antenna modules for multiple purposes including RF and magnetic stripe communications, energy transfer and charging, and wireless magnetic payments, to name a few. 

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

"What's really exciting about this technology is that these miniature antenna modules are small and efficient enough to fit within a wide variety of mobile and wearable applications, but powerful enough to transmit wirelessly to the most prevalent point of sale system still in use today - magnetic stripe readers," says David Tunnell, Chief Technology Officer of NXT-ID, Inc.  "We were pleasantly surprised to discover that our existing antenna designs for our Wocket® Card are not only small enough to fit into ultra-thin powered devices, but can also be optimized to transmit wirelessly. Ultimately, this not only enables wireless payments for mobile applications such as smart phones, but also wearable applications where ultra low power and tiny size are critical, such as smart watches and smart wallets."  This technology is positioned to become a major enabler in wireless payments at NFC terminals as well as common magnetic stripe readers. NXT-ID states one can simply point the device containing the antenna within a few inches of most magnetic strip readers to successfully transmit magnetic stripe data wirelessly, but at a fraction of the power consumption of other approaches.

"This is a potential game changer to the mobile payments industry," says Gino Pereira, CEO of NXT-ID.  "We are extremely excited to introduce this potentially disruptive technology as the next step in our evolution, after we complete our Wocket Smart Wallet delivery program this spring. This new method of wireless payment technology has a power consumption so low it brings wireless payments to virtually any mobile or wearable application. We plan to offer this technology to enable wireless magnetic stripe and other wireless features to watches and phones, as well as our Wocket Smart Wallet in the near future."

In other smart technology and mobile payment news:   Apple News (NASDAQ: AAPL): Tangerine announced today that its mobile banking app will be one of the first apps available on Apple Watch. The Tangerine Mobile Banking Apple Watch app will provide users with quick and easy access to their personal banking information from their wrist, including account balances, recent transactions and transaction details.  "We're excited to be one of the first apps available on Apple Watch as we continue to deliver simple and innovative solutions that allow our clients to bank on their own terms," said Peter Aceto, President and CEO of Tangerine. "This continuous innovation is what reinforces Tangerine's position as a forward thinking bank and sets us apart when it comes delivering the future of banking to Canadians."

Google (NASDAQ: GOOG) has released a new version of their mobile payment app, Google Wallet, for Android and the latest version of the app comes with some new features.  The new Google Wallet for Android app now comes with integration with Google Maps and you will be able to look at your digital receipt in the app and see the location of where the item was purchased.  There are also some other new features in the latest version of Google Wallet for Android, which include the ability to look up a users transaction history, you can now search by merchants name, or by items that you bought.

Vodafone (NASDAQ: VOD) customers will soon be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals, it was announced. Following new agreements with Visa (NYSE: VISA) and Carta Worldwide, bank card payments via Vodafone Wallet will be enabled in European markets from the second quarter of 2015 onwards.  This service, which requires a Vodafone NFC SIM, will be supported on a wide range of Android smartphones.

Alibaba (NYSE: BABA) News: Alibaba Group and Xiaomi Inc disclosed that by using wearable technology they will mutually develop mobile payment systems. Xiaomi and Ant Financial will allow the Alipay Wallet mobile app to link with Xiaomi's Mi Band smart fitness bracelet. That will allow consumers smooth the process of making payments, avoiding the need for passwords. Although a small move for a developing technology tipped to eventually substitute wallets, the collaboration marks a landmark in China where the function has so far been more delusion than reality.

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 nine 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