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Friday, September 26, 2014

NXT-ID (NASDAQ: NXTD) Research Note Update from SoundView; New Funding Keeps Wocket Rolling

Breaking Tech News: NXT-ID (NASDAQ: NXTD) Research Note Update from SoundView; New Funding Keeps Wocket Rolling

BOSTON - September 26, 2014 (Investorideas.com Newswire) SoundView Technology Group issues a new research note following recent industry developments, recent uplisting to NASDAQ and funding for NXT-ID Wocket smart wallet. NXT-ID, Inc., (NASDAQ: NXTD) is a biometric authentication company focused on the growing mobile commerce market.

We have adjusted our IV model to account for meaningful revenues coming in 2015 rather than late 2014. The impact is to take our 2015 IV from $11.70 to $8.18. If NXT-ID can meet or exceed our 40K unit/$6.9M revenue projection for 2015 then the stock will converge on our 2016 IV estimate of $17.42.

NEW FUNDING KEEPS WOCKET ROLLING
KRIS TUTTLE, SEPTEMBER 26, 2014

Company Update
NXT-ID (NXTD) recently completed a financing which has enabled them to begin trading on the NASDAQ and provides finding for the upcoming launch of their smart wallet solution called the Wocket™. We've been covering NXT-ID and the developing Wocket franchise for a while now (original research note attached) and the commercial launch of the Wocket is coming at a time when consumer interest in secure smart wallets is reaching a fevered pitch. The biggest recent catalyst in the space is the Apple announcement of Apple Pay. Apple Pay will usher in real adoption of digital payments by consumers just as the iPod did for digital music.

But Apple Pay is only for digital payments and doesn't cover other aspects of wallets (prepaid cards, loyalty cards, etc.) plus it's limited to iPhone and Apple iTunes users. A large part of the market, perhaps the largest, will be found among consumers who either can't or won't soon use their smart phone as their hub for payments and finance. Simple factors like limited acceptance, privacy, security, and battery life are the most obvious reasons not to rely on a phone-based solution.

We know that the NXT-ID Wocket is the best smart wallet we have seen so far and they are now on course to penetrate this market and grow volumes in 2015. It's easy to find sexy alternatives with slick videos like Coin but after the hype fades the company fails to ship and soon disappears. There are a million miles between a video demo and a shipping product at scale that consumers love.

What we don't know yet is how steep the adoption curve of the Wocket will be and how well NXT-ID will be able to meet demand. What we do know is that the recent financing has enabled NXT-ID to order the key components needed for the commercial launch later this year. They will also be ramping up their visibility and gathering more pre-orders over the next few months. This will culminate with a combination of the first large batch of shipments and reviews closely followed by a company debut at the big CES event in early January.

Conclusion
With several positive catalysts ahead and a notable stock drop on fears that the financing would not be done give investors an opportunity here. We have adjusted our IV model to account for meaningful revenues coming in 2015 rather than late 2014. The impact is to take our 2015 IV from $11.70 to $8.18. If NXT-ID can meet or exceed our 40K unit/$6.9M revenue projection for 2015 then the stock will converge on our 2016 IV estimate of $17.42.

Our full update is available for download here.


About SoundView Technology Group
We are an independent advisory and research firm specializing in emerging technologies as they reach commercialization. Our proprietary research and modeling work provides valuable information for company management teams and investors in these emerging opportunities. We regularly publish our findings across a variety of channels including all the major retail and institutional information outlets. SoundView is based in Boston, Massachusetts with locations in New York and Connecticut.

Disclosures
SoundView analysts do not receive compensation for their research opinions, any specific views or conclusions. They are tasked to provide fact-based research with sound analysis. SoundView does not provide investment advice or make "buy/sell/hold" recommendations. Nor do we provide investment banking or brokerage services. We act as a publisher of our own research work and are responsible for all content which is correct to the best of our abilities but by no means should it be relied upon without further validation and confirmation. SoundView provides paid advisory services NXT-ID on their business plans, technology description and investor positioning

Any questions please contact:
Kris Tuttle
Director of Research
SoundView Technology Group
kris@soundview.com
617-828-6462

Contact:
Corporate info: info@nxt-id.com

Investor Inquiries:
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com

Media: 800-665-0411
 dvanzant@investorideas.com

Visit this company: nxt-id.com; 3d-id.netwocketwallet.com/

More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of June 2014, NXT-Id renewed for five thousand per month and average of two thousand five hundred 144 shares (cash equivalent) for news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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Wednesday, September 24, 2014

NXT-ID (NASDAQ: NXTD) Marketing Update for Wocket™ Smart Wallet

Breaking Tech News: NXT-ID (NASDAQ: NXTD) Marketing Update for Wocket™ Smart Wallet

National CNBC Ad Campaign Resumes, Wocket to Exhibit at 2015 CES (Consumer Electronics Show)

SHELTON, Conn. - September 24, 2014 (Investorideas.com Newswire) NXT-ID, Inc., (NASDAQ: NXTD), a biometric authentication company focused on the growing mobile commerce market, issues the following marketing update for the Wocket™ smart wallet.

The Company will be increasing its tactical and strategic marketing plans to spread consumer awareness as well as introduce wocket and wocket number encryption to financial institutions that issue credit and debit cards. The Company also intends to start a merchant education program about the many convenient and secure features of Wocket.

The Company will be exhibiting at the upcoming 2015 International CES (Consumer Electronics Show®), the world's gathering place for all who thrive on the business of consumer technologies, to be held in Las Vegas, January 6-9, 2015. "CES has long been recognized as the showcase for the best innovations in electronics," said Gino Pereira, CEO of NXT-ID. "It will be a fitting coming out party for Wocket!"

The Company has also resumed full national coverage of its 30 second ads on CNBC to commence starting September 29th. The ads will air on Squawk Box, Fast Money and Mad Money.

Additionally the Company will roll out a new online social media ad series to follow the theme of previous ads and contests under the umbrella of the "Celebrity Wocket in a Pocket" campaign. The new ads will be a series of videos, photos of average guys (#these guys) becoming celebrities as they go out on the town with their Wockets. The campaign, "Anyone can be a celebrity with a Wocket in their pocket" will run for 6-8 weeks, closing with "these guys" meeting and greeting real life celebrities including the already photographed N'Sync artist, Joey Fatone and world champion boxer, Vinny Paz with their Wockets.

The Company is also looking at specific campaigns for the upcoming Holiday season targeting wocket as an ideal gift for the holidays.

On the strategic side, the Company is meeting with card issuers to promote the benefits of encrypted wocket numbers. Wocket numbers provide one time encrypted card numbers similar to EMV technology which is being introduced into the financial system in the United States. The immediate benefit of partnering with Nxt-ID to use wocket numbers for payment is that wocket does not require any special, new, POS terminals to work. In the United States where there are 10 million payment terminals, over 60% are currently dial-up terminals. (Gao Research). Partnering with Wocket will allow for faster adoption of encrypted or "tokenized" transactions making the use of credit cards much safer.


Wocket™ is a smart wallet, the next evolution following the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required.
The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.

Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. can also be stored on Wocket™.

Wocket™ is now available for advance ordering at www.wocketwallet.com at a price of $149.99.

The full Wocket product FAQ is available to consumers and media at http://nxt-id.com/wocket-faq.

See the Company CNBC ads online: http://www.youtube.com/watch?v=8kJid_JAbhg 




See 'N Sync Star and "Dancing with the Stars" Second Place Winner, Joey Fatone, with a Wocket: https://www.facebook.com/wocketwallet

See former World Champion Boxer Vinny Paz with a Wocket: https://www.facebook.com/wocketwallet

About CES
The International CES is the world's gathering place for all who thrive on the business of consumer technologies. It has served as the proving ground for innovators and breakthrough technologies for more than 40 years—the global stage where next-generation innovations are introduced to the marketplace. As the largest hands-on event of its kind, CES features all aspects of the industry. And because it is owned and produced by the Consumer Electronics Association (CEA), the technology trade association representing the $211 billion U.S. consumer electronics industry, it attracts the world's business leaders and pioneering thinkers to a forum where the industry's most relevant issues are addressed.

About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (Nasdaq: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

For more information, please visit http://www.nxt-id.com.

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Nxt-ID, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

Contact:
Corporate info: info@nxt-id.com

Investor Inquiries:
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com

Media: 800-665-0411

Visit this company: nxt-id.com; 3d-id.netwocketwallet.com/

More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of June 2014, NXT-Id renewed for five thousand per month and average of two thousand five hundred 144 shares (cash equivalent) for news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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Monday, September 22, 2014

Tech News: NXT-ID (NASDAQ: NXTD) Issues Shareholder Corporate Update

Breaking Tech News: NXT-ID (NASDAQ: NXTD) Issues Shareholder Corporate Update

SHELTON, Conn. - September 22, 2014 (Investorideas.com Newswire) NXT-ID, Inc., (NASDAQ: NXTD), a biometric authentication company focused on the growing mobile commerce market, issues the following corporate shareholder update following the uplisting to NASDAQ and the recent funding.

Letter from the CEO:
NXT-ID recently completed an essential round of funding and joined the NASDAQ to support ramping of production of Wocket™ as well as expand its other biometric and authentication products and services. This strategic achievement positions NXT-ID to pursue new markets and distribution channels while expanding staff in key technology and other positions and continuing to promote consumer awareness through social media and advertising to select markets. NXT-ID has already filled several new positions to accelerate our development of new, innovative features of Wocket and other products. We are adding to our existing staff of 12 and have signed a lease on a fulfillment and customer support center in Melbourne, FL.

Recent developments in the payment industry have brought focus to the many issues surrounding how we pay, and what we pay with. Another large data breach, this time at Home Depot, emphasizes that a smart wallet platform such as Wocket is needed now more than ever.

Although Apple Pay has dominated recent news and generated new life in existing technology built around NFC, Android device owners won't be able to take advantage of ApplePay; nor will those without a smart-phone or an iPhone 6 without a slide on case. NFC payment technology was introduced several years ago by services such as Google Wallet and Softcard (previously ISIS Wallet). In addition, some of the largest retailers such as Best Buy, Target, and Walmart are embracing yet another QR code-based technology called MCX, emphasizing the fragmentation in next generation payment systems.

Like Apple Pay, these digital wallets require a cell phone, with attendant battery life issues, an active data connection, and special hardware at the retailer.

Unlike cell phone dependent and connected technologies, Wocket works without a smart-phone, disconnected from cloud-based services, and maintains all the features of a wallet, allowing users to customize and carry whatever they need. It's truly the first universal secure payment solution. NXT-ID continues to work with several payment technologies and partners to take advantage of the flexible Wocket platform that includes biometric access protection and EMV like encryption through wocket numbers. While new payment technologies provide convenience and wireless features, the fact remains that consumers still have to carry a wallet containing cards to access ATMs, pay when their phone dies or loses signal, and checkout at locations that don't support NFC. Rather than a few hours of battery life between charges, an unprecedented minimum of 6 months can be achieved with typical Wocket use. In addition, Wocket is the only secure vault with a flexible platform that encompasses more than just a single payment method, and works everywhere you use your cards today.

Wocket secures all the information and cards users commonly store in their wallet, allowing them to continue paying with and using their credit, debit, loyalty, and insurance cards just as they do today. Wocket can even store login credentials, crypto currency accounts, and one thing that no digital wallet can ever replace -- cash. Wocket completely replaces the wallet and hosts a new generation of wallets that combine fashion with personal security.

The flexibility of the Wocket platform can support NFC and EMV, as well as Bluetooth and other forms of payment as they become prevalent in the future. Thus, unlike other technologies that are only accepted in certain locations, Wocket can be accepted everywhere while still providing security and privacy. Furthermore, Wocket is the only device that can secure all cards and personal information within your wallet directly under the owner's control, not within an impersonal cloud or unproven custodian of private data.

We will issue a marketing update with new initiatives including new TV ad campaigns and new celebrity ads this week followed by a detailed product manufacturing update, including delivery of the much anticipated Wocket.

The payment industry is currently undergoing massive change and we appreciate our shareholder's support in embracing our unique technology and approach to payments with the Wocket.

We believe we are delivering something to consumers and the market that has not been accomplished by our peers and competitors.

Gino Pereira
Chief Executive Officer
Nxt-ID, Inc.


About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (Nasdaq: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

For more information, please visit http://www.nxt-id.com.

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Nxt-ID, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

Contact:
Corporate info: info@nxt-id.com

Investor Inquiries:
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com

Media: 800-665-0411

Visit this company: nxt-id.com; 3d-id.netwocketwallet.com/

More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of June 2014, NXT-Id renewed for five thousand per month and average of two thousand five hundred 144 shares (cash equivalent) for news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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Friday, September 19, 2014

NXT-ID's (NASDAQ:NXTD) Vinny Paz Celebrity Ad Wocket Update: Katey Sagal and Ciaran Hinds Attached to His Upcoming Movie

Breaking Tech News: NXT-ID's (NASDAQ:NXTD) Vinny Paz Celebrity Ad Wocket Update: Katey Sagal and Ciaran Hinds Attached to His Upcoming Movie

SHELTON, Conn. - September 19, 2014 (Investorideas.com Newswire) NXT-ID, Inc., (NASDAQ: NXTD and NXTDW) ("Nxt-ID" or the "Company"), a biometric authentication company focused on the growing m-commerce market, updates the "Wocket in Your Pocket" celebrity ad campaign, featuring former boxer and world champion in the lightweight and light middleweight weight classes, Vinny Pazienza (PAZ).



Yesterday it was announced that Game of Thrones actor Ciaran Hinds and Sons of Anarchy and Married with Children star Katey Sagal have been cast in Bleed for This.

Vinny Paz is currently the subject of a major motion picture underway, executive produced by movie legend Martin Scorsese. Bleed for This tells the true-life story of 5-time world champion Rhode Island boxer Vinny Pazienza as he recovers from a near fatal car accident that left him with a broken neck. He then goes on to win three additional world boxing titles, creating one of the most incredible comebacks in boxing.

Aaron Eckhart, a Golden Globe nominated actor will take on the role of Paz's boxing trainer, Kevin Rooney. His movies include: The Dark Knight, Olympus Has Fallen and I, Frankenstein.

Actor Miles Teller with roles in films including: The Spectacular Now, 21 & Over, Project X, and who is currently starring in That Awkward Moment, will take on the lead role of boxer Vinny Paz.

CEO Gino Pereira said, "Vinny Pazienza's epic story is on the rise as stars like Katey Sagal are now attached to his upcoming movie. We are very excited to have him help build our consumer awareness for the Wocket. We will be rolling out new celebrity ads shortly."


Wocket™ is a smart wallet, the next evolution following the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required.
The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.

Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. can also be stored on Wocket™.

Wocket™ is now available for advance ordering at www.wocketwallet.com at a price of $149.99.

The full Wocket product FAQ is available to consumers and media at http://nxt-id.com/wocket-faq.

About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (Nasdaq: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

For more information, please visit http://www.nxt-id.com.

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Nxt-ID, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

Contact:
Corporate info: info@nxt-id.com

Investor Inquiries:
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
ksmith@proactivecapital.com

Media: 800-665-0411

Visit this company: nxt-id.com; 3d-id.netwocketwallet.com/

More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of June 2014, NXT-Id renewed for five thousand per month and average of two thousand five hundred 144 shares (cash equivalent) for news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Become an Investorideas.com Member and access our 14 online stock directories 24/7 –biometrics, technology, mining stocks and more...








Friday, September 12, 2014

Biometric Experts Comment on Launch of Apple Pay Smart Wallet Payment Service

Technology Alert; Biometric Experts Comment on Launch of Apple Pay Smart Wallet Payment Service
New York, NY - Point Roberts, WA – September 12,  2014 - Investorideas.com (www.investorideas.com) a global news source covering leading sectors including biometrics and mobile tech , issues commentary from analysts and experts on the  September 9th launch of Apple Pay, its new payment service . Alan Goode of Goode Intelligence, Janice Kephart, founder of the Secure Identity and Biometrics Association (SIBA) and CEO Gino Pereira of NXT-ID, Inc, (Nasdaq: NXTD) a company that is introducing its own biometric smart wallet that is separate from a smartphone.
Alan Goode of Goode Intelligence, a well- known expert in biometrics noted, “Although not a revolutionary announcement from Apple, the introduction of Apple Pay using Touch ID for biometrically authenticated payments is a huge step towards the widespread adoption of mobile payments. Following on from the decision by PayPal and Alipay to both offer mobile payments to be authorised by fingerprint biometrics on the latest Samsung devices this is an indication that payments is a big driver for the adoption of consumer biometric authentication.”
Janice Kephart, founder of the Secure Identity and Biometrics Association (SIBA) talked about the future of biometrics and Apple’s role “I think the easiest applications to predict having the biggest impact are the ones that are designed to be purely personal, voluntary, and would have little to no value to government, such as the Apple Watch which creates a highly unique fitness profile using biometric readings that actually informs people beyond what any fitness training apps do today. That is an innovation to move a biometric acceptance to a whole new level.”
She went on to say, “Much more tricky for Apple to launch is Apple Pay, which no matter how described, means that our phones are interfacing personal biometrics involuntary with an unknown web of payment systems, credit cards and retailers. It is that connectivity between personal biometrics and the outside world that is uncontrolled beyond - literally - our fingertips, that will continue to draw a dubious reaction from folks. Assuring people about who can access that biometric and payment information via their phones, and who cannot, is the learning curve Apple must overcome. Whether the public is ready or not remains to be seen. But no matter what, that acceptance will likely have less to do with the biometric features than with overall concerns about payment security and privacy.”
Frost & Sullivan reported today that “the biometric revenue from smart phones is expected to increase from $53.6 million in 2313 to $396.2 million in 2019, at a compound annual growth rate of 39.6 percent.”
"Due to existing hardware capabilities across devices, most of the growth is expected from facial and voice authentication technologies," said Frost & Sullivan ICT Global Programme Director Jean-Noel Georges. "While the uptake of biometric technologies will get a boost from the proliferation of new devices with fingerprint authentication capability, their acceptance will be tepid until the market develops more sophisticated and accurate authentication software."
NXT-ID, Inc is launching a biometrically secure smart wallet called the Wocket that is separate from a consumer’s smartphone that includes voice biometrics and a multiple security approach.  The company announced yesterday that it began trading on the NASDAQ. 
CEO Gino Pereira of NXT-ID, Inc said,” I think that the NFC solution offered by Apple will bring a wider acceptance of touchless payment technology. However the challenge is not be underestimated. Companies such as Google and SoftCard (formerly Isis) have been trying to implement NFC technology for several years and as recently as a year ago some pundits had written off the technology in favour of a cloud based solution. The payment industry is undergoing a revolution, just as the entertainment industry has over the last decade. At the heart of the matter, customers want to have the most convenient payment experience, which should also be as secure as possible. This experience can be delivered in many forms: a smartphone, a smart watch or our very own Wocket smart wallet! Security needs to address not only access through biometrics but also protection of the data through tokenization or encryption.
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Goode Intelligence works in information security, mobile security, authentication and identity verification, biometrics, enterprise mobility and mobile commerce sectors.
About Secure Identity and Biometrics Association (SIBA): http://www.sibassoc.org
SIBA represents vendors, nonprofits, and research institutions dedicated to responsible use of innovations, including biometrics, that protect and secure identity.
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (NASDAQ:NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. www.wocketwallet.com
NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification that has 22 licensed patents in the field of 3D facial recognition www.nxt-id.com  www.3d-id.net
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