Newest Secure Mobile Payment Platforms to Adapt to Smart Chip
Technology & Product Development for Added Consumer Security
Protection
Coral Springs, FL -- January 6, 2015 -- InvestorsHub NewsWire
-- Experts foresee Americans warming up to smart pay
technology in 2016 as technological advancements aim to make mobile
pay methods more secure and convenient by adapting to smart-chip
technology and implementing other security measures. Leaders in the
smart payment industry with current developments of importance are:
NXT-ID, Inc. (NASDAQ:
NXTD), Apple Inc. (NASDAQ:
AAPL), Google Inc. (NASDAQ:
GOOG), Wal-Mart Stores Inc. (NYSE:
WMT) and PayPal (NASDAQ: PYPL)
NXT-ID, Inc. (NASDAQ:
NXTD) Developments: SoundView Technology Group (http://soundview.co) released a market and company
update for NXT-ID, Inc. this week that included a new Intrinsic
Valuation of $6.13 suggesting large reward versus the risk
reflected in the current share price. In the course of
selling Wockets directly to consumers via the their website
(wocketwallet.com) and using specialized channels its
become clear that achieving large volumes and scale will come much
faster using a B2B approach. SounView's first example is a new
development and distribution agreement with a travel-focused
company called WorldVentures. This has major advantages for NXTD
investors. The company can focus on what they do best which is
technology and product development and leverage large value-added
industry channels like WorldVentures for customization and
distribution. Read the full SoundView Technology Group
report at http://s3.amazonaws.com/PUBLISHED/NXT-ID_NXTD_SV_NOTE_JAN_2016.pdf
Additional details from the WorldVentures - NXT-ID
announcement: WorldVentures, a privately held leading direct
seller of vacation and entertainment club memberships and Inc. 5000
fastest-growing company, announced that it has reached a definitive
agreement with Connecticut-based Nxt-ID, Inc., a company focused on
the growing m-commerce market. The agreement calls for
WorldVentures to make a strategic investment of $2 million in
Nxt-ID to develop a proprietary new wireless smart card for its
members-numbering in the several hundreds of thousands
worldwide-based on Nxt-ID's Wocket, a unique smart wallet that
serves to securely store all credit cards. The smart card will be
customized with additional technologies and wireless features, such
as the ability to seamlessly integrate with WorldVentures's
DreamTrips App to wirelessly check in and earn loyalty points
towards free DreamTrips vacations at select restaurants. DreamTrips
is a travel club and entertainment community where Members enjoy
exciting excursions year-round to extraordinary
destinations.
Read the full NXTD recent developments at http://financialnewsmedia.com/profiles/nxtd.html
The agreement also provides that upon completion of development,
the card will be sold exclusively to WorldVentures to be
distributed and made available to its Members. In addition,
the agreement provides for ongoing enhancement of the smart card
with new product innovations already in development. The
strategic alliance supports WorldVentures's mission to help its
Independent Representatives and DreamTrips Members get more fun,
freedom and fulfillment in their lives. "In this high-tech,
hyper-connected world, we are enabling people to use technology in
a more powerful and compelling way," said Wayne Nugent, World
Ventures Co-founder and Chief Visionary Officer. "And our
Independent Representatives will be able to bring this exciting new
innovation to travelers all over the world, making their
experiences richer, safer, and more engaging and rewarding."
In other mobile payment developments: Back in December
Apple Inc. (NASDAQ:
AAPL) and China UnionPay announced a partnership to bring Apple
Pay, which transforms mobile payments with an easy, secure and
private way to pay, to China. China UnionPay cardholders will be
able to easily add their bank cards to Apple Pay on iPhone, Apple
Watch and iPad, providing added convenience and security to
everyday shopping. China UnionPay is dedicated to promoting payment
innovations and providing secure, convenient mobile payment
experiences for its hundreds of millions of cardholders, aligning
multiple parties in the industry, said Chai Hongfeng, executive
vice president of China UnionPay. Were very excited to offer Apple
Pay among a diverse set of innovative payment options that work
with China UnionPay QuickPass.
American consumers will have more choices in 2016 for how they
make purchases with their smartphones as big banks and retailers
vie for market share against tech giants Apple Inc. and Google
(NASDAQ:
GOOG). Companies like JPMorgan Chase & Co. and
Wal-Mart Stores Inc. (NYSE:
WMT) are rolling out their own products just as mobile-payment
apps are catching on. By 2019, eMarketer estimates that the total
value of transactions made by tapping a phone on an in-store
terminal will reach $210 billion, up from $8.7 billion in 2015. For
banks and retailers, that presents an opportunity to take on Apple
Pay and Googles Android Pay -- and maybe save on transaction fees
to boot. The article also noted PayPal (NASDAQ: PYPL) users
can make purchases with their smartphones in a variety of ways,
including at Macys Inc. and Home Depot Inc. retail stores. In 2016
the company will introduce a feature that will let customers tap
their phones to pay in stores, pitting it more squarely against
Apple Pay and Android Pay. PayPal has 173 million active users and
can work on both the iPhone and Android phones like the
Galaxy. Read more athttp://www.bloomberg.com/news/articles/2015-12-31/chase-wal-mart-seek-to-disrupt-mobile-payments-business-in-2016
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