The Future of Mobile Payments; Robust Growth for Mobile Payments Predicted but Security Concerns Act as Potential Inhibitor

The Future of Mobile Payments; Robust Growth for Mobile Payments Predicted but Security Concerns Act as Potential Inhibitor

Point Roberts WA, NEW YORK, NY – November 9, 2015 - Investorideas.com, a global news source covering leading sectors including tech, reports on the rapidly growing mobile payment sector in the US and some of the key challenges it faces in increasing consumer acceptance and adoption.

Investor Ideas recently attended the Money20/20 2015 Conference held at the Venetian in Las Vegas, one of the largest events covering payments and financial services innovation. From keynotes to panel sessions, to product launch tracks, the audience was told over and over about the robust growth anticipated in mobile payments over the coming years.  

One of the experts speaking was Bryan Yeager Analyst at eMarketer Inc. (www.emarketer.com) who presented a session track, Market Overview: Mobile Wallets & Payments, t talked about the robust growth of mobile payments in the US. His firm says Mpayment transaction values will triple in 2016. In terms of mobile payment user growth it is projected to grow to 37.5 million users in 2016, up 62%.

In spite of the tremendous growth there are a few factors that are acting as inhibitors and as Bryan Yeager framed it in in his presentation, the most notable is “Security, Security, and Security.”

He cited that “57% of US internet users cited security concerns the main reason they were hesitant to use mobile payment services.”

(Walker Sands, Dec. 2014)

He also noted “62% of US smartphone owners that don’t use or plan to use a mobile wallet cited worries about security as the reason.”

(Chadwick Martin Bailey, June 2015)

ID Global Solutions Corporation (IDGS), a company focused on fraud management and global payment solutions, recently announced the launch of IDComplete to address security issues in the sector.

IDComplete is a highly secure, encrypted, real-time, multi-user, out of band, pin-based verification solution to prevent card fraud.

IDComplete utilizes a secure encrypted irreversible tokenization process with multi-factor authentication to enable secure real-time cardholder verification.

IDComplete enhances the security of physical card and digital token transactions providing consumers the ability to authorize or decline card present and card not present transactions in real-time using their registered smartphones.

Mr. Thomas Szoke, Chief Executive Officer of ID Global Solutions Corporation said, "The best way to alleviate consumer security concerns regarding payment solutions is to allow them to perform real-time authorizations for their transactions.”

Video clip: The Future of Mobile Payments Money 20/20 2015 Part one; Bryan Yeager Analyst eMarketer

https://www.youtube.com/watch?v=pQfiD_T4iGs

Read this release in full at http://www.investorideas.com/CO/IDGS/news/2015/11091.asp

About Investor Ideas (http://www.investorideas.com/)

InvestorIdeas.com is a global investor news source that follows the money in mining, energy, renewable energy, water stocks, food and beverage (including organic and LOHAS, wine), defense and security, biotech, technology and mobile. We have also recently expanded our global coverage to include Latin American stocks, sports and entertainment.

Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

Sign up for free news alerts at Investorideas.com

http://www.investorideas.com/Resources/Newsletter.asp

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:  IDGS has retained Investorideas for PR and media: two thousand five hundred per month and one hundred and fifty thousand 144 shares total for the 6 month period. http://www.investorideas.com/About/Disclaimer.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.

Contact Investorideas.com

800 665 0411

Wocket smart wallet review:  Wocket Wallet: The Only Card We’ll Ever Need

Wocket Wallet: The Only Card We’ll Ever Need

By Jennifer On October 7, 2015

Ever since my husband’s identity was stolen 6 years ago, we’ve been dealing with ramifications and fall out of the thieves actions… and sort of living in fear of it happening again. And since the hubs has been back on the road long-haul trucking, that worry has increased. He’s had cash stolen out of his truck, but so far we’ve managed to escape another serious incident. When NXT-ID asked if I’d be interested in checking out their smart wocket wallet, the answer was a resounding YES!

Let me tell you. I was pleasantly surprised with just how cool and effective this “Wocket” is!

So now you’re probably asking yourself, “What the heck is a Wocket Wallet???”. Well, let me tell you! The wocket is a smart wallet designed to help regular people like us, keep our money and identities protected. It’s basically mobile security for the mobile world. Your Wocket will actually replace your entire wallet! There is no need to try to juggle two separate wallets. The Wocket comes equipped with convenient slots so you can still carry cash and other essentials, like your license . The personalized WocketCard automatically transmits any card you choose including debit, credit and store loyalty cards. Practically any card with a magnetic strip can be added to your Wocket!

So just how does the Wocket work?

When you order your Wocket Wallet, you will receive a package containing the Wocket, a card with your name on it, the Wocket Accessory, Card Reader and USB charging cord. It also comes with a nice leather case that is removable for charging purposes. To charge, you connect the charging cord to a USB Port and plug it in. Once your Wocket is fully charged you’ll be good to go for at least 6 months.

Your Wocket is super easy to set up…

https://www.youtube.com/watch?time_continue=1&v=WWkQlZhQjio

It took us less than 10 minutes to set up the Hubs new Wocket Wallet. He’s been using it for a couple of weeks now and he’s impressed! It’s easy to switch between his debit card and loyalty cards, and the physical cards are safely secured here at home!

Source: http://busybeingjennifer.com/2015/10/the-only-card-well-ever-need-wocket-wallet-review/

Wocket® is the smartest wallet you’ll ever own. Designed to protect your identity and replace your old wallet, simply swipe and save your cards into Wocket once and they are immediately secured with pin and biometric voice print technology.  Without ever needing a smartphone, you can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) to match your selection. From there, you just swipe as you normally would virtually anywhere that credit cards are accepted today.

All your credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and virtually any other information can be protected on Wocket®.

Buy the Wocket® at www.wocketwallet.com

See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq

Wocket smart wallet review: Wocket Wallet: The Smartest Wallet You’ll Ever Own

Wocket smart wallet review:  Wocket Wallet: The Smartest Wallet You’ll Ever Own

October 2, 2015 by Glasgow Skinner

This blog post has been sponsored by #wocketwallet.  The company has compensated me via a cash payment, gift, or something else of value to review their product. Regardless, I only recommend products or services I use personally and believe will be good for my readers. #wocketsmartwallet #wocket

For years, we’ve carried a large, bulky wallet. Why do you ask? Because along with receipts, our credit and debit cards, we have amassed a collection of loyalty cards for almost everything. We have loyalty and frequent visitor cards for several airlines, supermarkets, restaurants and other eateries, beauty retailers, mass merchants, major retail stores, and so on, so of course we needed a wallet big enough to hold all of those cards. And because we carry all our loyalty and credit cards every single day, we always have to carry a large handbag (as you will see below, our wallet is not built for small purses). Thanks to the geniuses at NXT-ID, we will be able to reduce not only our wallet size but our handbag size as well. How? It’s all thanks to the wonderful creation of a digital wallet that is surely the world’s smartest wallet, Wocket Wallet.

If you’re like us and suffer from “overstuffed and/or over-sized wallet syndrome”, this Electronic Wallet is a must. Thanks to the WocketSmartWallet, we’re now in the market for something thin, like a card holder or leather billfold, just to carry cash and receipts, everything else goes into our Wocket Wallet. As we transfer all our giftcards, etc to this Ewallet, we still can’t believe how slimmer our usual wallet is becoming. It’s wonderful going from our huge wallet to the very compact Wocket Wallet. Everything was so easy to use and our inner techy gets very excited every time we use it.

The first time we used our Wocket Wallet was at the Supermarket. We usually take our entire wallet with us, but this time everything we needed – our debit cards and supermarket loyalty cards, were already programmed in the Wocket. The only additional card we brought along was our I.D. After inputting our security pin, we selected which card we wanted to pay with and swiped away. It took all our energy not to say “Holy Shit, this is awesome” out loud…well not too loud. Although we still have a few more loyalty cards to program in, we are off to a great start with Wocket.

What’s more, the WocketSmartWallet look very sleek as well. Aside from its thin shape, it also boasts an extra card slot, stitched leather detail, Smart Swipe technology, your name etched on the chic black card with gold trim, a physical signature strip like regular debit and credit cards, and the ability to unlock it with either a pin of your choice or with your voice thanks to its biometrically locked capabilities. Instead of carrying around 12 or more various debit, credit, or loyalty cards, you carry one Wocket card with all of your cards programmed by categories. For those of you that typically forget your numerous passwords, you can also safely secure them in your Wocket.

So say goodbye to HUGE, bulky wallets, and the constant fight to pull the card you need out of your wallet, and say hello smaller purses, any card easily available at your fingertips, and a more efficient way to pay with WocketSmartWallet.

Source: https://www.mylifeonandofftheguestlist.com/2015/10/02/wocket-wallet-the-smartest-wallet-youll-ever-own/

Wocket® is the smartest wallet you’ll ever own. Designed to protect your identity and replace your old wallet, simply swipe and save your cards into Wocket once and they are immediately secured with pin and biometric voice print technology.  Without ever needing a smartphone, you can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) to match your selection. From there, you just swipe as you normally would virtually anywhere that credit cards are accepted today.

All your credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and virtually any other information can be protected on Wocket®.

Buy the Wocket® at www.wocketwallet.com

See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq

Biometrics in the Payment Industry: “Almost Every Bank, Retailer, Payment Company is Looking at How to Incorporate Biometrics into their Future” - Peter O'Neill – FindBiometrics

Biometrics in the Payment Industry: “Almost Every Bank, Retailer, Payment Company is Looking at How to Incorporate Biometrics into their Future” - Peter O'Neill – FindBiometrics

Gino Pereira, CEO of NXT-ID (NASDAQ: NXTD) about Wocket smart walllet at Money 20/20

Point Roberts WA, NEW YORK, NY – November 6, 2015  - Investorideas.com, a global news source covering leading sectors including tech reports on the recent Money20/20 2015 Conference held at the Venetian in Las Vegas and the role biometrics will play in the future of the payment industry.

Money 20/20 is one of the largest events covering payments and financial services innovation and biometric technology was a key topic in many of the panel sessions, as well as being incorporated into many of the exhibiting technologies.

 

Bryan Yeager, an analyst at eMarketer Inc., in his presentation at Market Overview: Mobile Wallets & Payments referenced that, “The movie “Back to Future 2” featured biometrically authenticated payments in a scene where this guy asks Marty to thumb him $100 to save the clock tower. That shows they were looking at biometrics in payments back in 1985.”

Video Clip: Bryan Yeager, Analyst, eMarketer Inc. at Money 20/20

https://www.youtube.com/watch?v=pQfiD_T4iGs

The industry has come a long way and is now very much a part of reality as noted in the session, ‘Biometric Identity & its Applications in Financial Services & Payments’, moderated and introduced by Peter O'Neill, President, FindBiometrics.

Peter told an attentive audience, “Biometric technology is more popular than ever before. New advances in biometrics have allowed for massive proliferation.  All the big players are now involved;  Apple, Microsoft, Samsung, Google, MasterCard, USAA, Toyota, Visa, Facebook, Ford, General Motors, TD, Scotia, Royal, CIBC, Alibaba, Qualcomm, PayPal, Intel, and on and on and on.”

Commenting on the topic with Peter were some of the big names in the industry with speakers including Paul Burmester, CEO, Validsoft; Philippe Le Pape, VP Sales Director, Morpho (Safran); Bob Reany, Group Head & SVP, Identity Solutions, MasterCard; Rick Swenson, AVP Enterprise Fraud Prevention & Detection, USAA; and Conor White, President, Americas, Daon. They discussed how different biometric technologies including voice, face, fingerprint and iris recognition are enabling new applications in financial services and payments.

Video Clip: Biometric Identity & its Applications in Financial Services & Payments at Money 20/20 https://www.youtube.com/watch?v=_fcBGl_kWVw

Investorideas.com also talked to one of the exhibiting companies at Money 20/20 focusing on biometric security for the payment sector. Gino Pereira, CEO of NXT-ID (NASDAQ:NXTD) shared how his company is taking a unique approach to payment technology. Unlike an Apple Pay, his company’s Wocket® is separate from a phone. Since security concerns are a key inhibitor to mobile payment adoption, he feels he is on the right track. 

They have also created dual authentication access with a combination of PIN and/or their voice recognition technology, VoiceMatch™.

Gino said, “All your information is stored in here - in this secure unit and as you select the items to pay, it programs one single card. In fact, it becomes a secure method by which you swipe and pay with the card of your choice.  If you lose it, there is no identifying information on your card so nobody can take your credit card number.  If you lose your Wocket®,  all your information is stored  securely so without the  alpha numeric pin or voice biometrics to gain access, there is no way you can take over my  Wocket. (www.wocketwallet.com).”

Video Clip: Gino Pereira, CEO of NXT-ID talks about Wocket at Money 20/20

https://www.youtube.com/watch?v=NHsKF663_t4

* Note there are some edits in this video due to background noises at Money 20/20 and part of the audio was re-recorded.

Peter O'Neill, President, FindBiometrics also noted in his introduction that since last year’s panel, the biometrics and finance market has evolved significantly. “The world’s most prominent mobile concerns have biometrically enabled M-payment platforms.  Apple Pay, Samsung Pay, Android Pay, PayPal and Alipay – major payment networks, have integrated biometrics into their offerings and banks have embraced biometrics for phone, mobile and ATM banking.”

Peter also said, “As data breaches continue to rise and as the password continues to prove totally ineffective and as the public yearns for a better, more convenient and secure way forward - almost every bank retailer and credit card company is looking at how to incorporate biometrics into their future.”

Read the full release and view images at http://www.investorideas.com/news/2015/biometrics/11061.asp

Gino Pereira, CEO of NXT-ID at Money 20/20 

Samsung Pay at Money 20/20

PayPal at Money 20/20

About Money20/20 (http://www.money2020.com/)

As the industry's primetime conference and trade show, Money20/20 delivers the biggest scale, best audience and most engaging event. Money20/20 is the largest global event focused on payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000+ CEOs, from 3,000+ companies and 75 countries, expected at our 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money.

About Investor Ideas (http://www.investorideas.com/)

InvestorIdeas.com is a global investor news source that follows the money in mining, energy, renewable energy, water stocks, food and beverage (including organic and LOHAS, wine), defense and security, biotech, technology and mobile. We have also recently expanded our global coverage to include Latin American stocks, sports and entertainment.

Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

Sign up for free news alerts at Investorideas.com

http://www.investorideas.com/Resources/Newsletter.asp

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: Investoridease.com has been retained by NXT-ID for PR, media and marketing. More info:  http://www.investorideas.com/About/Disclaimer.asp  and http://www.investorideas.com/About/News/Clientspecifics.aspContact Investorideas.com   

Contact Investordeas.com

800 665 0411

DigaTrade (OTCQB:BITXF) Launches Global Digital Marketing Campaign with 6S Marketing

DigaTrade (OTCQB:BITXF) Launches Global Digital Marketing Campaign with 6S Marketing

VANCOUVER, British Columbia - November 5, 2015 (Investorideas.com Newswire) Bit-X Financial Corp. (OTCQB: BITXF) and its 100% owned and operated digital currency exchange DIGATRADE™ (https://digatrade.com) today announced that 6S Marketing (https://6smarketing.com) has been retained to create, develop and implement a strategic global digital marketing campaign to increase customer and brand awareness to the DigaTrade; Digital Currency Exchange Platform. 6S Marketing will work directly with DigaTrade's partners "ANX Technologies" based in Hong Kong to develop key direct marketing strategies and assist with the current migration of up to 20,000 customer accounts currently held on the ANXPRO and ANXBTC North American platform https://coinmkt.com.

Brad Moynes, CEO of DigaTrade stated, "In an effort to ramp up awareness to the many exceptional features offered to DigaTrade customers (including instant USD deposits and global card-based transactions) we are very pleased to have the experienced 6S team manage our marketing initiatives."

Chris Breikss, 6S Marketing President, hinted at some of the digital marketing tactics that DigaTrade will be launching: "We are utilizing direct-response digital marketing channels that will drive new client registration. This includes Google search, display and remarketing campaigns as well as real-time-bidding (RTB) and programmatic platforms, with a strong focus on conversion."

Further update including the name change is subject to regulatory approval and further information regarding the new trading symbol and effective date will be made available when it has been approved by FINRA.

Read this release in full at http://www.investorideas.com/CO/BITXF/news/2015/11051.asp

ABOUT DIGATRADE:

DIGATRADE is a global digital-currency exchange located in Vancouver, British Columbia, Canada. The Company is owned and operated 100% by Bit-X Financial Corp which is publically listed on the OTC.QB under the trading symbol BITXF. BITXF is a reporting issuer in the Province of British Columbia, Canada with the British Columbia Securities Commission "BCSC" and in the United States with the Securities Exchange Commission "SEC". Digatrade has now become a global platform offering its customers instant card-based transactions worldwide.

ABOUT 6S MARKETING:

6S Marketing is a global digital marketing and advertising agency with offices in Vancouver, Toronto, and New York City, that transforms businesses for the digital age. For over 15 years, the company has been helping clients embrace the digital world and the technological change that is revolutionizing their businesses by connecting data and storytelling to help make brands profitable, shareable, and ultimately more valuable. 6S Marketing provides distribution of advertising creative via such paid campaigns across multiple digital channels as Facebook, Google, Twitter, YouTube, Tumblr, Instagram, Pinterest, LinkedIn, TubeMogul, and RTB. 6S is more than a digital agency-they're a trusted partner and collaborator.

Forward-Looking Information

This press release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or development that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the company based on information currently available to the Company. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the possibility of unanticipated costs and expenses. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the company disclaims any intent or obligation to update any forward-looking information whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Media inquiries:
press@digatrade.com

CORPORATE CONTACT INFORMATION:

Brad Moynes, CEO
Bit-X Financial Corp
DigaTrade.com
838 West Hastings Street, Suite 300
Vancouver, BC V6C-0A6
Canada
Tel: +1(604) 200-0071
Fax: +1(604) 200-0072
https://digatrade.com/

Published at the Investorideas.com Newswire - Big ideas for Global Investors

More information on BITXF on Investorideas: http://www.investorideas.com/CO/BITXF/

Visit this company: https://digatrade.com/

Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news as well as creates original content as a news source. Original content created by investor ideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and global 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 and 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: BITXF is a PR client of Investorideas.com and compensates us for news publication, PR and media. (two thousand five hundred per month and 144 shares) More info:

http://www.investorideas.com/About/News/Clientspecifics.asp and http://www.investorideas.com/About/Disclaimer.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

Vinod Khosla Keynotes at Money20/20 and Makes Bold Statements and Predictions

Vinod Khosla Keynotes at Money20/20 and Makes Bold Statements and Predictions

“EMV will be irrelevant in 3-5 years; NFC can do everything it does.”- Vinod Khosla

Point Roberts WA, NEW YORK, NY – October 30, 2015  - Investorideas.com, a global news source covering leading sectors including tech reports on attending the Money20/20 2015 Conference held at the Venetian in Las Vegas.  With over 10,000 people in attendance, everyone was there to present or question – what’s next in payments and financial services?

What makes an event like this really exciting is the cross-section of answers, opinions and expertise that is shared.

On Sunday October 25^th, Mary Thompson from CNBC sat down with Vinod Khosla and gave the packed room an insightful glimpse into the mind of one of the most respected Venture Capitalists of today.  

This was Vinod’s first time at Money 20/20 and he said he was inspired to be there due to the amount of innovation and disruption possible today.  “If you look at this whole space, it’s a very large space; even niches are tens of billions of dollars; that’s exciting.”

Some of his investments within the space include Stripe, a developer-friendly way to accept payments online; and in mobile apps, Affirm and Square.

Looking at the financial markets future he said, "Capital formation is going to get much easier for start-ups. I don’t think we will need large banks for that and we won’t need middlemen.”

He also told the audience, “We are going to move from an economy of labor and capital to an economy of ideas. We see that happening in every part of the ecosystem - especially tech-driven innovation. I think people that have the best ideas, that are willing to try, willing to fail and try again, keep iterating until they get better will do well. That applies to both traditional institutions and start-ups.”

“Real estate is ripe for innovation in tech.”  This is reflected in one of the companies in his portfolio; Open Door https://www.opendoor.com, a new way to sell homes.

One of his final comments in the Keynote was on EMV vs. NFC for consumers. He predicts, “EMV will be irrelevant in 3-5 years; NFC can do everything it does.”

This is a key issue in the evolution of the payment industry as everyone competes for a piece of the pie. The very different approaches taken by Apple Pay and Samsung Pay show that even the biggest players are not sure. 

Exhibiting at Money 20/20 with the Wocket® smart wallet, designed to replace all the cards in a wallet with an innovative approach to payments, Gino Pereira, CEO of NXT-ID (NASDAQ:NXTD) shared his thoughts with Investor Ideas on EMV and NFC.

Gino said, “We will be implementing NFC (Near Field Communication) on Wocket® to give our users a viable alternative to EMV chip cards. NFC provides a similar solution to EMV protected tokenized payments and as such, merchants accepting NFC payments do not incur liability for fraudulent transactions, similar to EMV. NFC does have several advantages in that the technology can be used for more than just payments (such as opening doors and file transfer) which makes for a wider range of possible functionality on Wocket®. In addition, processing times are quicker than chip cards which should allow for a superior customer experience. Most EMV enabled POS readers are also capable of accepting NFC and we believe that more merchants will choose to do so to speed up checkout times.”

The biggest takeaway from Vinod’s presentation and the conference overall was the amount of money to be made in payments and financial services and the key to success was, “smart entrepreneurs innovate and iterate on their tactics.”

Gino Pereira, CEO of NXT-ID

Watch the video Clips:

Money20/20 Keynote by Venture Capital Leader Vinod Khosla, Part One

https://www.youtube.com/watch?v=tlIFHF7FBh4

Vinod Khosla Keynotes at Money 20/20 2015 Part Two

https://www.youtube.com/watch?v=896YlGuabOY

Read this release in full at http://www.investorideas.com/news/2015/technology/10302.asp

About Khosla Ventures http://www.khoslaventures.com/

Khosla Ventures is a venture capital firm focused on early stage companies in the Internet, computing, mobile, silicon technology and clean technology sectors that was founded by Vinod Khosla.

About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD)

NXT-ID, Inc.'s 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 Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket works most anywhere credit cards are accepted and only works with your biometric stamp of approval or passcode. http://www.wocketwallet.com/

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

About Money20/20 (http://www.money2020.com/)

As the industry's primetime conference and trade show, Money20/20 delivers the biggest scale, best audience and most engaging event. Money20/20 is the largest global event focused on payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000+ CEOs, from 3,000+ companies and 75 countries, expected at our 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money.

About Investor Ideas (http://www.investorideas.com/)

InvestorIdeas.com is a global investor news source that follows the money in mining, energy, renewable energy, water stocks, food and beverage (including organic and LOHAS, wine), defense and security, biotech, technology and mobile. We have also recently expanded our global coverage to include Latin American stocks, sports and entertainment.

Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

Sign up for free news alerts at Investorideas.com

http://www.investorideas.com/Resources/Newsletter.asp

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 October 1, 2015 NXT-Id renewed for one year –five thousand per month and restricted shares for PR, media and marketing. More info:  http://www.investorideas.com/About/Disclaimer.asp  and http://www.investorideas.com/About/News/Clientspecifics.aspContact Investorideas.com

   

Contact Imvestordeas.com

800 665 0411

NXT-ID, Inc. (NASDAQ:NXTD) Teams Up with StackCommerce to Sell Wocket Smart Wallet for Holiday Season

NXT-ID, Inc. (NASDAQ:NXTD) Teams Up with StackCommerce to Sell Wocket Smart Wallet for Holiday Season

OXFORD, Connecticut - October 29, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a biometric authentication company focused on the growing mobile commerce market and creator of the Wocket® smart wallet announces that StackCommerce, a leading marketplace to discover and buy innovative technology products, will be featuring the Wocket® smart wallet on StackSocial for this holiday season.

StackSocial will sell the Wocket® Smart Wallet beginning November 18th, 2015.

Matt Smith Head of Partnerships at StackCommerce stated, "Wocket is a perfect fit for our early adopter tech enthusiast audience. Our publication partners like CNET, TheNextWeb, and Cult of Mac are extremely excited to be covering such an innovative and relevant product."

Gino Pereira, CEO of NXT-ID said, "StackSocial.com campaign follows a successful campaign on Touch of Modern as we continue to roll out Wocket to a larger audience this quarter through larger and larger distribution partnerships. We have been very pleased with the reception that Wocket has had to date both from consumers and businesses in the payment industry."

Read this release in full at http://www.investorideas.com/CO/NXT/news/2015/10291.asp

Wocket® is the smartest wallet you'll ever own. Designed to protect your identity and replace your old wallet, simply swipe and save your cards into Wocket once and they are immediately secured with pin and biometric voice print technology. Without ever needing a smartphone, you can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) to match your selection. From there, you just swipe as you normally would virtually anywhere that credit cards are accepted today.

All your credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and other information can be protected on Wocket®.

Buy the Wocket® at www.wocketwallet.com

See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq

Product images are available for media at: http://press.nxt-id.com

About StackCommerce

StackCommerce is on a mission to revolutionize commerce through the seamless integration of content and relevant products. The company's network reach is currently over 100 million monthly visitors across more than 500 publisher partners with 1 million registered members. Their leading native commerce platform provides publishers and vendors with turnkey solutions to increase user engagement, growth, and monetization. These solutions include: full-service commerce shops, editorial, email, social in-feed product recommendations, and real-time analytics dashboards. The company was founded in 2011 and is headquartered in Venice, CA.

About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD) (NXTDW):

NXT-ID, Inc.'s 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 Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. 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 and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

Forward-Looking Statements for NXT-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

Contacts:

Corporate info: info@nxt-id.com

Investors: investors@nxt-id.com

Media:

D. Van Zant
+1-800-665-0411
press@nxt-id.com

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

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

Published at Investorideas.com

Sign up for free news alerts

http://www.investorideas.com/Resources/Newsletter.asp

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 October 1, 2015 NXT-Id renewed for one year –five thousand per month and fifteen thousand 144 restricted shares for PR, media and marketing. http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp