$NXTD News - Secure Technologies for Online & Digital Payments Safeguard Consumer's Sensitive Data & Security

CORAL SPRINGS, Florida, - (http://www.financialnewsmedia.com News Alert) - Digital payments & mCommerce/eCommerce shift expected to increase global market for mobile payments to $720 billion by 2017: NXTD-ID, Inc. (NASDAQ: NXTD), Alibaba Group Holding Ltd. (NYSE: BABA), Apple Inc. (NASDAQ: AAPL), MasterCard Incorporated (NYSE: MA) and eBay Inc. (NASDAQ: EBAY) - Digital Wallets Promise More Convenient Secure Way to Pay



NXT-ID, Inc. (NASDAQ: NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce market issues a recent blog entry from Mr. David Tunnell, Chief Technology Officer. Mr. Tunnell breaks down Apple Pay in the first of many blog posts examining alternative payment methods in a compare and contrast with their upcoming smart wallet, Wocket.



Excerpt: With Apple Pay releasing this Monday, critics and fans alike are flush with opinions on the new payment feature in the iPhone 6. Although cell-phone based digital wallet payment solutions promise a more convenient and secure way to pay, they have fallen short of expectations achieving very little traction in the payment industry. Stunted by low adoption rates with both consumers and retailers, cell phone based payment solutions leveraging NFC simply further fragment an already fragmented industry, with only new iPhone 6 owners and an estimated 5% of point of sale terminals in the United States currently able to support Apple Pay. Large retailers such as Wal-Mart, Target and Best Buy are not expected to accept Apple Pay due to their involvement in yet other mobile payment solution, MCX.



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



Wocket(TM) doesn\'t attempt to render the wallet extinct - but rather enhance it. We aren\'t trying to force a new payment method, but rather be agnostic, supporting any payment system that consumers desire. With a focus on privacy and security, Wocket(TM) is not just another payment solution, Wocket(TM) is instead positioned to become the cornerstone of all future payment technologies.



In other digital payment news: Alibaba (NYSE: BABA), like Apple Inc. (NASDAQ: AAPL), is looking toward biometric tech...
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