CORAL SPRINGS, Florida, January 6, 2016 /PRNewswire/ --
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 it's 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. "We're 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 Google's 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 Macy's 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 at http://www.bloomberg.com/news/articles/2015-12-31/chase-wal-mart-seek-to-disrupt-mobile-payments-business-in-2016
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