VISA, INC. CORAL SPRINGS, Florida, January 21, 2015 /PRNewswire/ --
Research Firm, Forrester, currently estimates the U.S. mobile payments market currently stands at $50 BILLION and is expected to grow to $142 BILLION by 2019. Leading next generation providers in focus today that are entrenched in the mobile-digital payment services are: NXT-ID, Inc. (NASDAQ: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Alibaba Group Holding Ltd (NYSE: BABA), MasterCard Incorporated (NYSE: MA) and Visa Inc. (NYSE: V)
NXT-ID, Inc. (NASDAQ:NXTD) and (NXTDW) a biometric authentication company focused on the growing mobile commerce market, reports on the recent success of the Wocket(TM) smart wallet at CES 2015 in Las Vegas. Wocket smart wallet was named as one of the "11 Hot Products at CES" in a review published in Wired.com, one of the "5 Best Products Launched At CES So Far" by Newseveryday.com and "The top 10 gadgets from CES 2015" by Danny Jacobs at the Daily Record. Gino Pereira, CEO of NXT-ID said," We would like to thank all the media, distributors, retailers and industry peers that stopped by our booth. The response of both the media and industry attendees exceed our best expectations. Our Wocket smart wallet received international media coverage from the Huffington Post UK and Toronto Star as well as media from Australia and Europe to the Middle East. Leading U.S. news sources including Wired.com, Inc, Pymnts.com and CNN also took notice of the Wocket, in addition to national and local TV and radio stations."
Read the full NXTD press release at: http://www.financialnewsmedia.com/profiles/nxtd.html
He went on to say, "What we saw first-hand at CES was an overwhelming demand for solutions and products like Wocket addressing personal privacy. Payment security and identity security are critical issues for 2015 and our approach to addressing both is unique and holistic." Wocket is a smart wallet designed to protect your identity and 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. See the Wocket FAQ at http://www.wocketwallet.com
In other Mobile/Digital Payment News & Happenings: Apple (NASDAQ: AAPL) has Apple Pay, and now it looks like Google (NASDAQ: GOOG) may be fattening up its own wallet. According to people familiar with the situation, the search giant and maker of Android is interested in buying Softcard, the mobile payments company formerly known as Isis.
The price may be under $100 million, according to our sources. That is either a huge bargain or a testament to Softcard's difficulties as an enterprise: sources tell us that AT&T, Verizon and T-Mobile - the three carriers that started Isis in 2010 - have collectively invested hundreds of millions of dollars in the joint venture.
Alibaba Group Holding Ltd. (NYSE: BABA) is in talks to buy a minority stake in India's One97 Communications Ltd., owner of an online payments processor, according to people familiar with the matter. The Chinese e-commerce company plans to invest a maximum of $200 million in One97, the people said, declining to be identified because the talks are private. Alibaba's financial arm, Zhejiang Ant Small & Micro Financial Services Group Co., is discussing a separate investment in One97, the people said.
In other Apple Pay News & Developments: In the first 72 hours after the Apple Pay launch, Tim Cook cited MasterCard (NYSE: MA) and Visa (NYSE: V) data saying that more than one million credit cards had already been registered with Apple Pay . This means that virtually overnight, Apple went from zero to ringing up more transactions than Google Wallet and its other mobile payment competitors combined.
NFC mobile payments will be hot at Mobile World Congress in March. Since New Digital - Mobile Payment platforms have launched, every US bank wants in and the market in Europe is ready. Read the full story at http://www.eetimes.com/author.asp?section_id=36&doc_id=1325329
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