CORAL SPRINGS, Florida, - (http://www.financialnewsmedia.com News Alert) - While the mobile payments sector continues to gain consumer traction, growth in contactless payments for smart card technology and mobile payment devices are expected to continue to build momentum in 2016 as users gradually continue to accept latest technology for secure, mobile payments. Leading companies with current developments of importance in markets for biometric technology & secure payment breakthroughs are NXT-ID, Inc. (NASDAQ: NXTD), Visa Inc. (NYSE: V), PayPal Holdings Inc. (NASDAQ: PYPL), Google Inc. (NASDAQ: GOOG) and Bank of America Corporation (NYSE: BAC)
NXT-ID, Inc. (NASDAQ: NXTD) updated progress last week on the new smart card being developed for WorldVentures vacation club members. On Jan. 4, WorldVentures and NXT-ID, Inc. announced a strategic alliance to develop a proprietary new wireless smart card for its members, based on NXT-ID\'s Wocket(R) smart wallet technology. Yesterday, both companies signed off on the hardware specifications for the card which will now enter the manufacturing and testing phase. NXT-ID anticipates on time completion of the development schedule with initial deliveries of the card by the end of June 2016. WorldVentures currently has approximately 500,000 DreamTrips Members, with as many as 80,000 new Members joining every month. The vision of WorldVentures\'s executive team is to make the smart card available to every existing member, and include the smart card, purchased from NXT-ID, in the member kit proved to every new member. Read this full news and additional coverage for NXT-ID, Inc. (NXTD) at http://www.financialnewsmedia.com/profiles/nxtd.html
In additional coverage of NXTD, John T. Burke, Jr., contributing author for Investopedia recently published an article on NXT-ID which included the following highlights and mentions a price target of $5.75: \"Keep an eye on NXT-ID Inc. (NASDAQ: NXTD), a mobile commerce and biometric security technology company. Its stock price experiences frequent surges, climbing into the overbought range when its relative strength indicator (RSI) rises above 70. Investors respond well to the company\'s news, such as the Jan. 25, 2016, news release about the rollout of Wocket, causing a 29.11% price jump to...
$NXTD - Impact of Smart Card Technological Advancements Fuel Growing Acceptance of Secure Mobile Payment Applications & Devices
February 16, 2016 at 09:16 AM EST