Biometrics & Technology Briefing for companies making strides to improve various technology platforms as digital wallets, ecommerce/m-commerce market continues to evolve and grow at a rapid pace: NXT-ID, Inc. (otcqb:NXTD), Apple, Inc. (NASDAQ:AAPL) , eBay Inc. (NASDAQ:EBAY) , Google Inc. (NASDAQ:GOOGL) , Visa Inc. (NYSE:V) , MasterCard Incorporated (NYSE:MA) and Microsoft Corporation (NASDAQ:MSFT)
NXT-ID, Inc., (otcqb:NXTD) a biometric authentication company focused on the growing m-commerce market, today announced that it has filed an application for listing on The NASDAQ Capital Market. Such listing is dependent on the Company meeting all of the necessary listing requirements of the NASDAQ. Mr. Gino Pereira, CEO of NXT-ID, Inc. said, "If approved, a NASDAQ listing will allow the Company access to a broader range of investors, increase shareholder liquidity and allow the company greater financial flexibility as we ramp up to the delivery of our first consumer product, the Wocket™."
Wocket™ is a smart wallet in the same vein as the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to 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.
Last week, SoundView Technology stated they forecasted 40,000 Wocket™ units will be ordered in 2014. NXT-ID is currently accepting pre-orders for the Wocket™ smart wallet at $149 at http://www.wocketwallet.com . SoundView also estimated a longer term intrinsic value of $20.55 for 2015. With a current intrinsic value estimate of $11.70, SoundView believes investors will discover the risk/reward of to be attractive. Read the full NXTD report at http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_Update_Note_Final_June_2014.pdf
Apple, Inc. (NASDAQ:AAPL) could one day challenge eBay's (NASDAQ:EBAY) PayPal as a major player in the digital wallet market. PayPal is already competing with a number of players including Google (NASDAQ:GOOG) , Visa (NYSE:V) and MasterCard (NYSE:MA) ," wrote Piper Jaffray analyst Gene Munster according to StreetInsider. "In addition, PayPal has the advantage of having already rolled out a product, which is now available in about 2m locations, up from 250k last year. Apple will also have to build its retail or terminal partnerships from zero today." Read the full article at: http://wallstcheatsheet.com/technology/look-out-ebay-munster-sees-digital-wallet-in-apples-back-pocket.html/?a=viewall#ixzz34puAiNyN
In other technology news: Microsoft Corporation (NASDAQ:MSFT) recently announced the arrival of its Surface Pro 3 tablet in its retail stores. To celebrate the arrival of the Surface Pro 3, all Microsoft retail stores in the U.S. and Canada will host launch day activities starting when stores open on Friday, June 20, including VIP white-glove pre-order pickup, giveaways, music, food and more. Customers may now place preorders on MicrosoftStore.com.
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