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Increased Mobile Payment Security Solutions Making Advancements - Innovative Smart Wallet Technology Readies For Launch

CORAL SPRINGS, Florida, April 1, 2014 /PRNewswire/ --

Today's Biometrics sector is populated with companies striving to improve mobile payments platforms and security moving quickly to focus on consumer protection: NXT-ID, Inc. (OTCBB: NXTD), MasterCard Incorporated (NYSE: MA), Visa Inc. (NYSE: V), Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL)

NXT-ID, Inc., (OTCBB: NXTD) a biometric authentication company focused on the growing m-commerce market, announces the first corporate launch event and press conference for its next generation smart wallet, Wocket™, designed to replace all the cards in your wallet. The event will take place in New York City on May 28th.  The marketing event and press conference will give consumers and media a first-hand look at the Wocket™ Smart Wallet, the Wocket™ Card, its new logo and brand images, new consumer video and new packaging. Following the event, consumers will be able to pre-order Wocket™ online.

To read the full press release, please click here: http://www.fnmprofiles.com/profiles-nxtd.html

First consumer videos will be released online mid- April, prior to the event .The location and time for the press conference and launch to be held in New York will be announced shortly in upcoming marketing press releases.  "At a time when smartphones are stolen and hacked daily, consumers are concerned about storing all their payment information and identity on their phone. Wocket™ will evolve as the payment industry evolves. Wocket™ is just the beginning of our MobileBio™ suite of products that include technologies for data encryption to further reduce credit card fraud similar to that recently experienced by Target and other retailers. Future versions of Wocket™ will include a wider range of communication technologies, such as 4G and NFC, protected by our proprietary encryption technologies "  Wocket™ is a smart wallet in the same vein as 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 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.  The Wocket product FAQ is available to consumers and media at http://nxt-id.com/wocket-faq/

According to reports, MasterCard Incorporated (NYSE: MA) and Visa Inc. (NYSE: V) are both in favor of finding a solution to increase payment security, having imposed an October 2015 deadline for U.S. Banks and merchants to implement the smart card technology, similar to that of the Wocket™ smart wallet, which is used heavily in Europe, Asia and Canada.

"The recent high-profile breaches have served as a catalyst for much-needed collaboration between the retail and financial services industry on the issue of payment security," Ryan McInerney, president of Visa Inc., said in a statement this month. MasterCard is "aware of and investigating" reports of a potential breach, spokesman Seth Eisen told The Los Angeles Times. He said the company was communicating with its customers but could provide no details on information that may have been compromised or how many cardholders may be affected.  Read the full story at http://phys.org/news/2014-03-credit-card-companies-ways-payment.html

Google Inc. (NASDAQ: GOOG) also continues to improve its smart wallet technology, as Jason Oxman, CEO of the Electronic Transactions Assocation (ETA), called it an area with a potential for big growth. According to Kyle Spencer of Seeking Alpha, Apple Inc. (NASDAQ: AAPL) also appears to possibly be gearing up for an entrance into the world of mobile payments as the company recently reported on a collection of recent patents that appears to point to a massive rollout of an Apple payments system to rival PayPal.

FinancialNewsMedia.com     is leading provider of third party publishing &    news dissemination services .  If you would like more information regarding our news coverage solutions, please visit    http://www.financialnewsmedia.com     for more details.  Get an edge on the market with our    Premium News Alerts     that are FREE for a limited time at    http://www.financialnewsmedia.com/ .  Follow us on Facebook:     http://www.facebook.com/financialnewsmedia     and Twitter:    http://twitter.com/FNMgroup .  

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.   The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  The companies that are discussed in this release may or may not have approved the statements made in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated two thousand five hundred dollars for news coverage of the current press release issued by NXT-Id, Inc. by a non-affiliated third party.

FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.    

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

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