Digital Wallet Devices & Mobile Payment Management Services Gain A Distinct Advantage In The Digital Payment Evolution As Demand Continues To Grow

Coral Springs, FL /PRNewswire/ -- As the digital payment services expand globally, the pace of mobile payment innovation and advanced biometrics technology is accelerating beyond expectations. While the race continues to replace the way consumers rely on using their credit cards, the digital currency, mobile payment market forges ahead with reinventing the future for payment services led by companies in the space such as NXT-ID, Inc. (NASDAQ: NXTD), : Google, Inc. (NASDAQ: GOOG), Apple Inc. (NASDAQ: AAPL), PayPal Holdings, Inc. (NASDAQ:PYPL) and Visa, Inc. (NYSE: V)

NXT-ID, Inc. (NASDAQ: NXTD) News: Strategic Advisor to NXT-ID, SoundView Technology Group Issues NXT-ID Updated Report; Major Progress Now On Sale - Includes Intrinsic Valuation (IV) value of$7.47/share - SoundView is tweaking its model to account for some more shares outstanding and also took the opportunity to add expenses for SG&A to support increased marketing and operational readiness. It has had only a minor impact on the IV estimate - taking it from $8.28 to $7.47. As mentioned by SoundView at the start of the note the risk/return from the current stock level is very attractive. Longer-term investors will also note that our IV for 2016 doubles so if NXT-ID exits 2015 with good momentum there is quite a bit of additional upside. In the few years we've been working with and following NXT-ID the current moment offers the best risk/reward we've seen so far. The company has come a very long way since their IPO at $1 and seen share prices as high as $5.60 with a substantial period trading between $4-5/share.

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The digital payments space has remained a hotbed of activity with PayPal now a separate public company and Visa teaming up and funding Stripe. The proliferation of devices that can tie into future payment systems (like the Apple Watch and Moto 360) helps justify infrastructure updates that will make payments easier across a broad array of types - from cards to Wockets to phones to watches. EMV has been in the news and NXT-ID has been planning for it for a long time. In order to fully support EMV the Wocket will be upgraded to include EMV and NFC technologies. It will take EMV quite some to roll out to the masses of terminals out there so an upgraded Wocket later this year will enable consumers to use these terminals when they begin to encounter them. The NXTD research update (PDF) is also published and available here: http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_SV_NOTE_AUGUST_2015.pdf

In other digital payment and mobile payment services news and happenings: Google, Inc. (NASDAQ:GOOG) gained over 4% on more than 5 million shares traded yesterday after unveiling a new organizational structure. The tech conglomerate created a parent company named Alphabet. Google is one of the units that will operating under the umbrella. Google's co-founder and CEO Larry Page will head Alphabet, while Sundar Pichai will take over as the chief executive at Google. Google's stock was upgraded by three Wall Street firms following the announcement. Google recently revealed it will create a special API for Android Pay, so companies can add the option to pay with Google's new service in their apps. Users can easily upload credit card or debit card information in the app, to make all in-app transactions single-tap payments. The same tap-to-pay function will also arrive in select stores. It may use Google's Host Card Emulation (HCE), which enables third-party apps to use the Near Field Communications (NFC) chips in Android smartphones.

American Express (NYSE: AXP) said Monday morning that customers will now be able to add their corporate cards to their Apple accounts. As of October 2014, AmEx allowed non-corporate cards to be integrated with Apple Pay. AmEx says it is the first major corporate card to be integrated with Apple Pay. Apple Pay (NASDAQ: AAPL) allows iPhone, Apple Watch and iPad users to upload credit and debit cards to a "mobile wallet" on their phone. Consumers can then use their phone to pay for goods at retail partners who have point-of-sale registers equipped with near field communication technology, known as NFC.

PayPal Holdings (NASDAQ: PYPL) rolls out NFC card reader that could help Apple Pay gain traction. The 'PayPal Here' card reader accepts contactless payments from Visa, Maestro and MasterCard debit and credit cards as well as Apple Pay, updating an earlier version which supported swipe and chip-and-PIN payments. For small businesses, this means they can now take advantage of consumers embracing contactless. The main draw will be for businesses that process payments on the go or trade seasonally, as they can get the card reader without the tie of monthly fees, instead paying a one off price for the device and then a standard fee for each transaction. Source: TheDrum.com / Drum News Editorial.

Visa, Inc (NYSE: V) pumps money into payments startup Stripe, now worth $5 billion - Stripe, the hot Silicon Valley payments startup and Y Combinator alum, has taken in a round of funding led by Visa that values the company at $5 billion. The news was reported earlier by Re/code and the New York Times. Stripe sets itself apart from other payments services by being the programmer-friendly backend "plumbing" that enables apps and online stores to take payments from anybody, anywhere. Stripe counts companies like Facebook (NASDAQ: FB) and Lyft as customers, helping them accept credit card payments while being totally invisible to end users. Source: BusinessInsider.com

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