NXT-ID, Inc. Featured in Research Report, “Mobile Identity Infrastructure, Applications, and Services 2014 – 2019”
Companies in Report: Centrify, Facebook, Google, Groupon, Marketo, NXT-ID, TeleSign, Valimo and Vodafone
NXT-ID, Inc. (OTCQB: NXTD), a biometric authentication company focused on the growing m-commerce market, is pleased to announce the company was featured in a recently released report by research firm Mind Commerce, entitled “Mobile Identity Infrastructure, Applications, and Services 2014 – 2019.” Companies featured in the report included Centrify, Facebook, Google, Groupon, Marketo, NXT-ID, TeleSign, Valimo and Vodafone.
NXT-ID is currently launching a marketing campaign for its smart wallet, Wocket™, designed to protect your identity and replace all the cards in your wallet, no smart phone required. A series of CNBC ads will start airing during prime-time hours commencing the week of May 12th, followed by a press conference and marketing event for media and shareholders May 28th at the Plaza Hotel in New York. Advance ordering will be available online following the event.
According to the report, “NXT-ID is a security technology developer, the company has emerged as a newly public company with a set of technologies and an open platform that can be used across all mobile identity applications. The founders of NXT-ID were an integral part of the senior management teams at Technest Holdings, Inc., and its subsidiary Genex Technologies.”
“We see NXT-ID as a leading company and solutions provider in the area of identity management. Their focus on the key infrastructure area, cloud, and key application area, commerce, will serve them well as they position themselves in what we see as a relatively small field of critical solutions providers.”
The report went on to say about the industry, “User-centric mobile identity ranges from identity attributes (e.g., biometric elements) to proofs of private/secret tokens (cryptographic keys, passwords) and credentials and to location, can be critical for the functionality of mobile computing and context-aware services. Network security usually involves communications of two or more participating entities. However “security” covers many different aspects. A mobile identity system needs to provide security services to its participating entities so that business can be conducted successfully in electronic form.
While identity management technologies offer rapid return on investment (ROI) and positive business outcomes, they also pose new challenges in data capture, storage, privacy, and compliance.
This also implies that the operator will play an even more important role in the future in protecting the consumers’ privacy. Consumers will only trust those who demonstrate that their data is being appropriately used and not abused. Ideally, data would be provided in exchange for some benefit, convenience or monetary value.
Report link: MindCommerce.com/MobileID
This report was originally published November 2013 and released by Research and Markets on April 17, 2014.
Disclosure: This report was not paid for by NXT-ID Inc.
About Mind Commerce:
Mind Commerce is your trusted source for research and strategic analysis focused on digital technologies and the telecommunications industry. Our reports provide key trends, projections, and in-depth analysis for infrastructure, platforms, devices, applications, services, emerging business models and opportunities.
Visit the corporate site at: MindCommerce.com
Interested consumers can also sign up for product info and news alerts in anticipation of the product. Advance ordering will be available following the May 28th event. http://www.wocketwallet.com/
The Wocket product FAQ is available to consumers and media at:
About NXT- ID Inc. – Mobile Security for a Mobile World:
NXT-ID, Inc.’s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers’ mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.
Visit the corporate website at: www.NXT-ID.com
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