NXT-ID, Inc (NXTD) Strengthens Digital Payment Operations as PayPal, Apple, Google Increase Stakes in Mobile Payment Industry

Coral Springs, FL – 01 Oct, 2015 – Consumers are increasingly seeking the convenience of ordering in advance, pre-paying and securely paying for their in-store purchases, which are some of the top reasons more and more merchants, restaurants & businesses are turning to mobile payment platforms. Mobile Payment Platform Companies focused on enhancing the consumer experience for digital payments are NXT-ID, Inc. (NASDAQ: NXTD), PayPal Holdings, Inc. (NASDAQ: PYPL), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) and Total System Services, Inc. (NYSE: TSS)

NXT-ID, Inc. (NASDAQ: NXTD)  announced this week that retail veteran William Fields, former President and CEO of Wal-Mart (NYSE: WMT) Retail Stores Division and Chief Executive Officer of Blockbuster Entertainment Group, a division of Viacom, Inc has joined its Advisory Board.  During his 25-year career with Wal-Mart, Mr. Fields held numerous senior executive positions within the organization, including Assistant to Wal-Mart Founder, Sam Walton; Senior Vice President of Distribution and Transportation; and Executive Vice President of Wal-Mart, Inc. culminating in the role of President and Chief Executive Officer of the Wal-Mart Retail Stores Division. Mr. Fields was responsible for over 2,000 stores and 300,000 employees, generating $68 billion in annual revenues.

Read the full NXTD Press Release at http://finance.yahoo.com/q/p?s=NXTD+Press+Releases

Mr. Fields stated, “With all of the recent payment card breaches and day- to-day consumer concerns over identity theft, Wocket is a  timely cutting edge solution combining both security and convenience. What sets Nxt-ID’s technology apart is the flexibility that they have developed that can accommodate a variety of protected payment methods on different payment platforms. This allows their users to remain current and secure as the payment industry is going through a period of rapid evolution and allows consumers to pay with the most convenient payment method of their choice. I look forward to assisting the management team in their efforts to transition from an innovative new technology to widespread consumer acceptance via major retailers.”   Gino Pereira, Chief Executive Officer said, “We are honored to have Bill join our Advisory Board and guide us to a new level of consumer awareness and retail exposure. His retail experience is unparalleled and will open doors for Wocket at a much faster pace. His engagement and ability to add value across retail, payment services and low cost manufacturing immediately elevates NXT-ID’s execution capability in these critical areas.”

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.  

More details can be found at http://wocketwallet.com/

In an article published on TechTimes.com, contactless payments and mobile wallets are becoming popular with consumers, PayPal (NASDAQ: PYPL) is gearing up to push out its chip card reader dubbed PayPal Here in the United States. 

As of Sept. 30, the PayPal Here Chip Card Reader will become available for businesses in the United States. The mobile card reader accepts not only the older magnetic stripe-based cards, but also the new EMV standard i.e., the chip-based credit and debit cards to which the United States is migrating to.

The PayPal Here Chip Card Reader also offers NFC support for multiple platforms and payments made through Android Pay from Google (NASDAQ: GOOG), Samsung Pay and Apple Pay from Apple (NASDAQ: AAPL).  Read the full article sourced by TechTimes.com at http://www.techtimes.com/articles/89384/20150930/paypal-here-arrives-in-the-us-apple-pay-android-pay-samsung-pay-all-supported.htm

Additionally, Total System Services, Inc.  – TSYS – (NYSE: TSS) this week announced the results of its 2015 U.S. Consumer Payment Choice Study. New to the fifth annual research were findings related to mobile app usage. The online survey of more than 1,000 U.S. consumers found that mobile applications provided by financial institutions are highly adopted and frequently used. Fifty percent of survey respondents said that they have installed a mobile app from their bank. Of those respondents, 70 percent said that they use the app a few times a month or more.  “We expect the emphasis on digital engagement and technology to continue as innovation increases and new products become available to consumers,” said John Dale Hester, group executive of Relationship Management at TSYS. “Providing a more robust customer experience and expanded consumer choices will help drive progress and innovation within the payments industry.”  In addition to providing insight into the growth of digital engagement, the study also uncovered drivers of consumer behavior and information around consumer preferences for payment and communication methods.

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