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Wednesday, October 14, 2015

NXT-ID, Inc. (NASDAQ:NXTD) to Exhibit Wocket Smart Wallet at Money20/20; Largest Global Event Focused on Payments and Financial Services Innovation

NXT-ID, Inc. (NASDAQ:NXTD) to Exhibit Wocket Smart Wallet at Money20/20; Largest Global Event Focused on Payments and Financial Services Innovation

OXFORD, Connecticut - October 14, 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 it will be exhibiting at the 2015 Money20/20 conference, being held at the Venetian Resort in Las Vegas, Nevada, October 25th to October 28th, 2015.

Money 20/20 is the largest international event focused on payments and financial services technology and innovation. The speaker line -up features leading financial technology experts and thought leaders including Jack Dorsey, CEO of Twitter and founder of Square, Vinod Khosla, founder of Khosla Ventures, Dan Schulman, President/CEO Designee of Paypal and Deborah Liu, Head of Payments & Commerce at Facebook.

The industry conference creates an opportunity for exhibiting companies to raise brand awareness and develop potential partnerships.

Gino Pereira, CEO of NXT-ID said, "This conference presents an opportunity to showcase the Wocket® to our industry peers in the payment and financial services market and demonstrate first-hand what differentiates the Wocket from our competitors."

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.


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 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


Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.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/

Published at Investorideas.com

Sign up for free news alerts

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




Monday, October 12, 2015

NXT-ID (NASDAQ:NXTD) Featured at FiRe 2015 Conference as Strategic News Service FiReStarter of the Year Company

NXT-ID (NASDAQ:NXTD) Featured at FiRe 2015 Conference as Strategic News Service FiReStarter of the Year Company

OXFORD, Connecticut - October 12, 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, reports on the recent SNS Future in Review Conference in Park City, Utah.

Cyber security and next generation secure payments solutions were a major focus of this year's SNS Future in Review Conference and NXT-ID was selected and featured among an elite group of emerging companies to showcase its secure Wocket® digital wallet product and advanced biometrics technologies. NXT-ID CEO, Gino Pereira, spoke to participants at the FiRe 2015 Conference about the advantages of the company's Wocket product that offers users a secure, convenient digital payments solution. In addition he was interviewed for the BBC World Service flagship business program, Business Daily, which will be broadcast in the coming weeks to a worldwide audience of millions.

Commenting on NXT-ID's participation as a SNS FiReStarter of the Year Company at the FiRe 2015 Conference, SNS Chairman and CEO, Mark Anderson, stated, "NXT-ID has worked hard on human factors to create a secure single - card technology that replaces our multiple, card-heavy wallets. All of us were impressed by the Wocket."

On participating at the FiRe 2015 Conference and being selected as a FIReStarter of the Year Company, Gino Pereira noted the positive reception to the Wocket and NXT-ID's secure and convenient digital payments solution. "A large number of attendees actually wanted to buy Wockets on the spot!" he said.

FiRe features global thought leaders in technology and the global economy, including Elon Musk, Craig Venter, Michael Dell, Vint Cerf, Leroy Hood, Patti Grace Smith, Mark Hurd, Paul Jacobs, and many others. FiReStarters are selected based on the strength of their innovations and their potential to bring positive change to the world, and are showcased at an exclusive investor reception at the FiRe conference, in panels throughout the event, and with ongoing relationships introduced and supported by SNS.

Hosted by Mark Anderson, founder and publisher of the Strategic News Service™, the Future in Review® (FiRe) Conference exposes world experts and participants to new ideas in a manner that produces an accurate portrait of the future in technology, including the global economy, cloud computing, biology and medical diagnostics, policy, netbooks, space travel, sustainability, and other fields that contribute to technology outcomes. (Strategic News Service and the SNS weekly Global Report have been accurately predicting the technology industry's future since 1995.)


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 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


Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.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/

Published at Investorideas.com

Sign up for free news alerts

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





Thursday, October 8, 2015

NXT-ID (NASDAQ:NXTD) Announce Sales Update for Q3 and Introduction of Wocket Wagon

NXT-ID (NASDAQ:NXTD) Announce Sales Update for Q3 and Introduction of Wocket Wagon

OXFORD, Connecticut - October 8, 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 revenues for the three months ended September 30, 2015 were approximately $410,000 compared with $113,00 for the three months ended June 30, 2015. Revenues for the 9 months ended September 30, 2015 were approximately $520,000.

Gino Pereira, CEO of NXT-ID said, "We are pleased with the approximate 400% increase in Wocket sales over the last quarter and are accelerating our roll out of Wocket as we increase awareness. We have had an opportunity to incorporate our customer feedback into our product as we prepare to scale up further for the holiday season in the 4th quarter."

The Company also announced the launch of the Wocket Wagon. This is a fully featured experiential vehicle in the form of an armored car representing the security features that come with Wocket. The Wocket Wagon will tour the country making demos, sales and increasing customer awareness about Wocket and identity theft. The vehicle is currently in Southern California and was well received on the campus of Stanford University.

Wocket can bring tomorrow's security solutions to most legacy POS systems today while incorporating the ability to pay on new digital systems.

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





Read this release in full and see images at http://www.investorideas.com/CO/NXT/news/2015/10081.asp

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 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


Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.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/

Published at Investorideas.com

Sign up for free news alerts

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



Wednesday, October 7, 2015

NXT-ID, Inc. (NASDAQ: NXTD) Announces Stanley E. Washington, 17 Year Veteran at American Express (NYSE: AXP), Joins Board

NXT-ID, Inc. (NASDAQ: NXTD) Announces Stanley E. Washington, 17 Year Veteran at American Express (NYSE: AXP), Joins Board

Company Build’s its Team of Financial Services and Retail Experts to Maximize Wocket Smart Wallet’s Disruptive Technology

OXFORD, CT, October 7, 2015 -- 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 Mr. Stanley E. Washington, former long- term executive at American Express (NYSE:AXP) has been appointed to its Board of Directors.  

Mr. Washington is recognized as a key business leader in the financial services industry with over 25 years’ experience. Currently, as Founder and Chief Executive Officer of Pantheon Business Consulting (PBC) he manages a strategic business development firm which focuses on partnering fast growing small & mid-sized companies in emerging categories with large strategic partners; providing senior leadership teams with innovative thought leadership concepts aimed at increased revenue generation, consumer program activation and diverse strategic supplier partnership development for the building of long-term shareholder growth and profitability.

Prior to PBC Stan spent 17 years as an executive at American Express and was Regional Vice President and General Manager of the Western United States operating as the region’s senior business leader where he managed American Express’ U.S. Commercial Card Division overseeing the Account Development Organization including sales and operational support across multiple industries, to more than 260 U.S. based companies, representing over $300 billion in annual corporate revenue.

During his career at American Express he held numerous positions within the company including Regional Vice President and General Manager of the American Express Establishment Services Division where he was responsible for over $50 billion in annual charge volume, managing all merchant account relationships, card member marketing, sponsorships and advertising to more than one million American Express merchant business locations throughout the Western States and Micronesia.

During his tenure he was also responsible for American Express’ penetration into several key industries including Entertainment, Gaming, Restaurant, Wine, Ski and Luxury Hotels.

Gino Pereira, Chief Executive Officer, said,” Stan’s expertise, experience and connections in the financial payment space perfectly compliment the outstanding retail expertise that William Fields, former CEO of Wal-Mart Retail Stores, brings to NXT-ID. Together we have a formidable team to maximize the opportunities for Wocket Smart Wallet and other disruptive technologies that we will be bringing to market in the near future.”

Mr. Stanley E. Washington said, “I’m excited to be joining the Board of NXT-ID at a time when there is so much disruption and opportunity in the payment space. I believe that the Company’s technologies are well suited to the future direction of mobile payments and that I can be a catalyst for those efforts.”


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 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


Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.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/

Published at Investorideas.com

Sign up for free news alerts


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

Q&A Interview; How ID Global Solutions (OTCBB:IDGS) Plans to Provide Global Business and Consumers Fraud Protection and Mobile Payment Solutions

Q&A Interview; How ID Global Solutions (OTCBB:IDGS) Plans to Provide Global Business and Consumers Fraud Protection and Mobile Payment Solutions

New York NY - Point Roberts WA - October 7, 2015 - Investorideas.com (www.investorideas.com) a global investor news source covering leading sectors including tech and mobile payments issues an exclusive interview with Mr. Thomas R. Szoke, President/CEO of ID Global Solutions (OTCBB:IDGS). The company’s core focus is in fraud management and payment solutions. Thomas explains his company’s mission and gives insight as to where he sees the market is headed and how his company plans to establish a dominant role in this space.

Interview:

Q: Investorideas.com
For investors that don’t know your company can you give them an overview of IDGS, your various divisions and your products and services portfolio in mobile payments and fraud protection?

A: Thomas R. Szoke – President/CEO
IDGS provides multi-functional secure payment solutions for open and closed electronic payment transaction networks. The company is focused on the growing need for fraud protection and identity verification solutions.  ID Global Solutions was founded to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification and payment solutions.

Fraud Management and Payment Solutions are the two focus areas for IDGS.  Within Fraud Management, the company offers unique Identity Verification solutions for Financial Services Organizations (IDComplete) and Governments (IDSolutions).  IDComplete provides a secure real-time method for cardholder verification to eliminate fraud.  IDGS’ IDSolutions portfolio offers software and hardware products to deliver a wide variety of identification and verification capabilities for civilian as well as governmental applications.

Our Payment Solutions portfolio includes MultiPay, OnePay, and PaySpot.  MultiPay provides end-to-end payment transaction processing technology. OnePay is a closed payment solution using a secure digital currency enabled by our mobile applications and backend systems for consumers and merchants in emerging markets. PaySpot is an unattended multi-functional payment collection and processing kiosk solution.


Q: Investorideas.com
Can you explain IDComplete’s impact on the payment process, the issuing bank, and ultimately how the consumer is impacted to eliminate fraudulent transactions?

A: Thomas R. Szoke – President/CEO
IDComplete aligns to all industry standards.   IDComplete does not impact existing players or processes within the acquiring network external to the issuing bank.  Today, prior to a transaction being authorized, issuing banks determine the approval of the transaction based primarily on the account status of the cardholder. There are other criteria employed by issuers to determine fraud that are predictive in nature including buyer behavior pattern, location, merchant type, and the transaction amount.

IDComplete compliments these by providing real-time cardholder verification.  This is done in parallel to the issuer authorizing the transaction based on cardholder status. IDComplete is triggered to deliver a notification to a registered mobile phone to approve or deny an active transaction.  Within the notification is the date, merchant’s name, and the transaction amount along with the option to “approve” or “decline” the transaction through a proprietary secure pin delivery method.


Q: Investorideas.com
A lot of the big tech giants are entering the mobile payment and credit card and identity fraud protection space such as Apple, Samsung, and Google. Everyone has a different approach with levels of security in biometrics and other security measures so what differentiates your company’s technology and how can you compete?

A: Thomas R. Szoke – President/CEO
Our solution has been built to eliminate card fraud.  IDComplete is the only product in the market that provides real-time verification of identity in a proactive manner.  All existing fraud prevention approaches in the market are re-active and do not prevent card fraud in real-time.  For example, sending a SMS or push notification after a transaction is complete asking the cardholder to contact the issuer in the event of fraud is re-active.  Today, cardholders are put into a position to reconcile their transactions whereas IDComplete offers the ability for the cardholder to police their transactions by embedding cardholder verification in real-time prior to any transactions being processed.


Q: Investorideas.com
As someone in the sector, can you give us some insight and perspective as to where you see card fraud trends heading both in the US and globally?   And on that note, where is your primary focus geographically?

A: Thomas R. Szoke – President/CEO
As a backdrop, global card fraud exceeded $16 Billion in 2014, which analysts forecast to exceed $35 Billion globally by 2020.  In 2014, approximately $8 Billion of card fraud loss occurred in the USA and half of $8 Billion card fraud occurred during card not present (CNP) / online purchases.  This equates to more than $4 Billion of collective loss to issuers, cardholders, and merchants.

IDGS’s geographic focus is to roll out our IDComplete solution for eliminating card fraud in the US market. Our initial strategy is to focus on the card not present (CNP)/ online purchases because they are not being addressed by the implementation of the new EMV standards.


Q: Investorideas.com
You recently announced a deal with MultiPay SAS, which is headquartered in Bogota, Colombia (http://www.multipay.com.co/).  Can you give us a brief background for new investors and an update on the progress of the company?

A: Thomas R. Szoke – President/CEO
Multi-pay S.A.S. is a well established multi-functional payment gateway company providing traditional credit card processing services, domestic and international wire transfer services, mobile operator pre-paid account re-charge services, and various closed system payment solutions for numerous customers in Colombia and Peru.  Since the acquisition the company has been integrated into the IDGS structure and has expanded it’s core engineering and delivery teams to increase the capabilities of our platform and deliver more services to new and existing customers. In addition, since the acquisition the company has secured additional contracts with banks and enterprise customers for money transfer and payment processing services.

About ID Global Solutions Corporation (OTCBB:IDGS) - Fraud Management and Payment Solutions
IDGS provides multi-functional secure payment solutions for open and closed electronic payment transaction networks. The company is focused on the growing need for fraud protection and identity verification solutions. ID Global was founded to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification solutions.

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