Security and Convenience in the Payment Industry: CEOs of Dwolla and NXT-ID's Wocket™ Share How They Plan to Revolutionize the Sector

NEW YORK and POINT ROBERTS, Washington, June 5, 2014 /PRNewswire/ --

Investorideas.com, a global news source covering leading sectors including mobile payments and payment technologies, issues a report on emerging payment technology companies Dwolla and NXT-ID, Inc (OTCQB: NXTD) (OTCBB: NXTD). Recently, InvestorIdeas attended both the Cartes Conference held in Las Vegas and the NXT-ID, Inc. Wocket™ smart wallet press conference held at the Plaza Hotel in New York, gaining insight on how the CEOs of the two companies are taking very different approaches towards solving the same problem: security in the payment industry.

The ongoing breaches that consumers and businesses are faced with daily, such as those that have affected Target and eBay, have incited the birth of new technologies including mobile apps, internet and cloud solutions and new digital wallets. They are all looking to protect our identity and make our financial transactions secure.

CEO and Founder of Dwolla Ben Milne said at Cartes, "We set money free."

The Company website says "We're not like those other big payment companies that rely on plastic cards and charge hefty fees. Instead, we've built our own network that securely connects to your bank account and allows you to move money for just $0.25 per transaction, or free for transactions $10 or less."

At the Cartes conference he told a captive audience, "We literally took everything the card does and built it into a protocol and just replaced the card and with it a whole lot of problems go out the door. This is not a philosophical idea, this has actually been built and being distributed. We are currently integrated with governments, businesses and even banks. Some regulated entities and publicly traded companies utilize our network on a daily basis and it's all without a card!"

So Dwolla aims to eliminate our plastic cards - while newcomer NXT-ID, Inc. wants to replace all the cards in your wallet (up to 10,000 if you have them) with one biometrically secure card and a Wocket™ smart wallet.

Mr. Gino Pereira, Chief Executive Officer of NXT-ID started his presentation at the Plaza by stating "Meet Wocket, the smartest wallet you will ever own."

"In the last 18 months there have been a billion breaches of private information. One in ten of us have had our identity stolen. What can we actually do about this? It turns out that 44% of identity fraud can be traced to a stolen wallet or purse. If we can do something about protecting the information in our wallets, then we can cut down tremendously on the incidents of identity fraud. That's why you need a Wocket."

He went on to explain, "You can store 10,000 pieces of information on here in your own personal vault, It can only be accessed by you, by your voice biometrically or with a PIN, or by drawing a shape on a screen. You can store all your loyalty cards, gift cards, credit cards, on a slim, easy-to-use device. We think this is the evolution of smart. You started with smartphones, you then had smart watches; this is a smart wallet."

"When you select a card that you want to use on your Wocket touchscreen, it gets programmed on the Wocket card. You hand the Wocket card to your server or attendant and they will check you out just like with any other credit card. But it's on one single card! For security, the information that is transferred onto the card is erased or zeroized a very short time after it is charged."

He closed with "This is the Wocket™, it retails for $149.99 and it's available at http://www.wocketwallet.com", followed by a public demonstration of the first financial transaction with a Wocket™.

According to a recent report from Business Intelligence, "The credit card companies themselves aren't going anywhere for now. Visa and MasterCard in particular will remain an indispensable part of the chain because they don't actually process payments. They simply provide the rails that the credit card system runs on. Credit card processors like First Data that actually do the work of processing merchants' credit card transactions on the back-end are also in a strong position."

So what is the future of payments; one card, no card? "One thing we know is the way we do it today is not ideal", said Ben Milne of Dwolla.

Mr. Gino Pereira, Chief Executive Officer of NXT-ID quoted well-known scientist Alan Kay during his presentation reminding us, "The best way to predict the future is to invent it."

See the videos: 

Video of Ben Milne, CEO and Founder of Dwolla in Las Vegas, May 14th, 2014:

http://www.youtube.com/watch?v=bDmZWxbrZHM

Video of Mr. Gino Pereira, Chief Executive Officer of NXT-ID at the Plaza Hotel in New York City, May 28th

http://youtu.be/joOi60S6LCk

About Dwolla  

Dwolla is a payment network that allows any business or person to send, request and accept money. We're not like those other big payment companies that rely on plastic cards and charge hefty fees. Instead, we've built our own network that securely connects to your bank account and allows you to move money for just $0.25 per transaction, or free for transactions $10 or less. https://www.dwolla.com/

About NXT-ID Inc. - Mobile Security for a Mobile World 

NXT-ID, Inc.'s (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 smartphone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

About InvestorIdeas.com: 

InvestorIdeas.com is a global news source for investors following leading business sectors including mobile, tech and biometric stocks.

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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of June 2014, NXT-ID renewed for five thousand per month and average of two thousand five hundred 144 shares (cash equivalent) for news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp  and http://www.investorideas.com/About/News/Clientspecifics.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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http://www.Investorideas.com

SOURCE Investorideas.com

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Security and Convenience in the Payment Industry: CEOs of Dwolla and NXT-ID's Wocket™ Share How They Plan to Revolutionize the Sector

NEW YORK and POINT ROBERTS, Washington, June 5, 2014 /PRNewswire/ --

Investorideas.com, a global news source covering leading sectors including mobile payments and payment technologies, issues a report on emerging payment technology companies Dwolla and NXT-ID, Inc (OTCQB: NXTD) (OTCBB: NXTD). Recently, InvestorIdeas attended both the Cartes Conference held in Las Vegas and the NXT-ID, Inc. Wocket™ smart wallet press conference held at the Plaza Hotel in New York, gaining insight on how the CEOs of the two companies are taking very different approaches towards solving the same problem: security in the payment industry.

The ongoing breaches that consumers and businesses are faced with daily, such as those that have affected Target and eBay, have incited the birth of new technologies including mobile apps, internet and cloud solutions and new digital wallets. They are all looking to protect our identity and make our financial transactions secure.

CEO and Founder of Dwolla Ben Milne said at Cartes, "We set money free."

The Company website says "We're not like those other big payment companies that rely on plastic cards and charge hefty fees. Instead, we've built our own network that securely connects to your bank account and allows you to move money for just $0.25 per transaction, or free for transactions $10 or less."

At the Cartes conference he told a captive audience, "We literally took everything the card does and built it into a protocol and just replaced the card and with it a whole lot of problems go out the door. This is not a philosophical idea, this has actually been built and being distributed. We are currently integrated with governments, businesses and even banks. Some regulated entities and publicly traded companies utilize our network on a daily basis and it's all without a card!"

So Dwolla aims to eliminate our plastic cards - while newcomer NXT-ID, Inc. wants to replace all the cards in your wallet (up to 10,000 if you have them) with one biometrically secure card and a Wocket™ smart wallet.

Mr. Gino Pereira, Chief Executive Officer of NXT-ID started his presentation at the Plaza by stating "Meet Wocket, the smartest wallet you will ever own."

"In the last 18 months there have been a billion breaches of private information. One in ten of us have had our identity stolen. What can we actually do about this? It turns out that 44% of identity fraud can be traced to a stolen wallet or purse. If we can do something about protecting the information in our wallets, then we can cut down tremendously on the incidents of identity fraud. That's why you need a Wocket."

He went on to explain, "You can store 10,000 pieces of information on here in your own personal vault, It can only be accessed by you, by your voice biometrically or with a PIN, or by drawing a shape on a screen. You can store all your loyalty cards, gift cards, credit cards, on a slim, easy-to-use device. We think this is the evolution of smart. You started with smartphones, you then had smart watches; this is a smart wallet."

"When you select a card that you want to use on your Wocket touchscreen, it gets programmed on the Wocket card. You hand the Wocket card to your server or attendant and they will check you out just like with any other credit card. But it's on one single card! For security, the information that is transferred onto the card is erased or zeroized a very short time after it is charged."

He closed with "This is the Wocket™, it retails for $149.99 and it's available at http://www.wocketwallet.com", followed by a public demonstration of the first financial transaction with a Wocket™.

According to a recent report from Business Intelligence, "The credit card companies themselves aren't going anywhere for now. Visa and MasterCard in particular will remain an indispensable part of the chain because they don't actually process payments. They simply provide the rails that the credit card system runs on. Credit card processors like First Data that actually do the work of processing merchants' credit card transactions on the back-end are also in a strong position."

So what is the future of payments; one card, no card? "One thing we know is the way we do it today is not ideal", said Ben Milne of Dwolla.

Mr. Gino Pereira, Chief Executive Officer of NXT-ID quoted well-known scientist Alan Kay during his presentation reminding us, "The best way to predict the future is to invent it."

See the videos: 

Video of Ben Milne, CEO and Founder of Dwolla in Las Vegas, May 14th, 2014:

http://www.youtube.com/watch?v=bDmZWxbrZHM

Video of Mr. Gino Pereira, Chief Executive Officer of NXT-ID at the Plaza Hotel in New York City, May 28th

http://youtu.be/joOi60S6LCk

About Dwolla  

Dwolla is a payment network that allows any business or person to send, request and accept money. We're not like those other big payment companies that rely on plastic cards and charge hefty fees. Instead, we've built our own network that securely connects to your bank account and allows you to move money for just $0.25 per transaction, or free for transactions $10 or less. https://www.dwolla.com/

About NXT-ID Inc. - Mobile Security for a Mobile World 

NXT-ID, Inc.'s (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 smartphone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

About InvestorIdeas.com: 

InvestorIdeas.com is a global news source for investors following leading business sectors including mobile, tech and biometric stocks.

Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

Sign up for our free news alerts  

http://www.investorideas.com/Resources/Newsletter.asp

Become an Investorideas.com Member and use our online stock directories to research stocks - including biometric and mobile payment stockshttp://www.investorideas.com/membership/

Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of June 2014, NXT-ID renewed for five thousand per month and average of two thousand five hundred 144 shares (cash equivalent) for news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp  and http://www.investorideas.com/About/News/Clientspecifics.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

+1-800-665-0411

http://www.Investorideas.com

SOURCE Investorideas.com

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Biometrics Sector Offering Growth Opportunities as Consumers Increasingly Prefer Digital Payment Methods, Opting for Smart Wallets such as Wocket™ and Google Wallet

CORAL SPRINGS, Florida, July 16, 2014 /PRNewswire/ --

Biometrics Companies expand newest smart technology operations as consumers stray from traditional banking methods and convert to digital commerce: NXT-ID, Inc. (OTCBB: NXTD), Verizon Communications Inc. (NYSE: VZ), Google Inc. (NASDAQ: GOOG), eBay Inc. (NASDAQ: EBAY), Apple Inc. (NASDAQ: AAPL) and Blackberry Limited (NASDAQ: BBRY)

NXT-ID, Inc., (OTCQB: NXTD) a biometric authentication company focused on the growing m-commerce market, announces the next generation smart wallet, Wocket™ will be "Made in the U.S.A." The first Wockets™ are expected to ship to consumers in September, with advance ordering currently available at http://www.wocketwallet.com. Gino Pereira, CEO of NXT-ID, said, "July is an appropriate time to announce that Wocket will be made in the USA. With most tech companies manufacturing overseas for reasons of economy, we are proud to announce that we will be partnering with MC Assembly to manufacture our biometric smart wallet in Melbourne, FL. We believe some of the highest quality products in the world are made in the USA. We hope to create a win-win situation where we can offer consumers superior product and help to create jobs in the local economy." MC Assembly is a major manufacturing services company with operations in Winchester, Massachusetts, Palm Bay Florida and Zacatecas, Mexico. The company is focused mainly on aerospace, defense, medical, industrial, and niche telecommunications markets.

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

"MC Assembly is delighted to be selected as NXT-ID's manufacturing partner", said Jake Kulp, Vice President of New Business Development at MC Assembly. "This exciting new product will utilize all of the MC Assembly's leading edge technology manufacturing capital equipment as well as our global supply-chain management and planning tool sets", Mr. Kulp added. "MC Assembly remains committed to the growth of Florida base jobs and serving the high-technology central Florida manufacturing needs like those required by NXT-ID."

Mobile Payment / mCommerce News:  Recently, Verizon (NYSE: VZ) added tablets to its monthly device payment plan, also known as Edge.  With tablets on Edge, you are looking at the same deal as you would get with phones - no upgrade fees, full device value split into 20 equal monthly payments, and the option to upgrade once you have owned the device for 30 days and have have paid off 60% of it. As you can see from the screenshot, devices like the new Sony Xperia Z2 Tablet are already included. Verizon also sells the Galaxy Tab 4, G Pad 8.3, Nexus 7 (2013), Galaxy Note Pro 12.2, and all of the iPads.

Fighting the trend that has seen millennial consumers-those aged 18 to 34-increasingly pulled away from traditional banking channels in favor of all digital methods of storing, moving and using money like Google Wallet (NASDAQ: GOOG) or PayPal (NASDAQ: EBAY);  one Chicago area bank is officially rolling out a digital banking product just for the millennial consumer.  Liberty Bank's new Smart Debit Plus account will gives users access to transfers, electronic statements and text message alerts as well as online bill pay and other money management tools. What it won't come with is checks, as paper checks will not be issues with these accounts, nor will there by a minimum monthly balance or account maintenance fess.  "Since they want to do everything online, we created the account around a first-of-its kind debit card that accesses an array of largely free electronic services," says Kevin Tynan, a marketing executive at the bank, reports Payments Source. http://www.pymnts.com/news/2014/paperless-debit-used-to-lure-millennials/#.U8VRpMJOWHs

Smartphone Technology News: It seems that the Indian smartphone industry will continue to outperform globally. With the introduction of several low-cost smartphones and discounted data tariffs, smartphone shipments in the country surged 244% during fiscal year 2014, according to India-based Manufacturer's Association of Information Technology.  The industry body, going forward, estimates the Indian smartphone industry will double in size during fiscal year 2015; gradually increasing 3G penetration rate and the introduction of next-gen 4G network will compel consumers to upgrade their smartphones. Let's see what Apple (NASDAQ: AAPL), Blackberry (NASDAQ: BBRY) , and Nokia (NYSE: NOK) are doing to capture this explosive expected growth.  Read the full article at http://www.fool.com/investing/general/2014/07/15/apple-blackberry-and-nokia-are-fighting-for-shar-2.aspx

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DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated one thousand four hundred dollars for news coverage of the current press release issued by NXT-ID, Inc. by a non-affiliated third party.

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Regulus Demonstrates Initial Progress in microRNA Biomarkers MS Collaboration and Receives Milestone Payment from Biogen Idec

LA JOLLA, Calif., Nov. 20, 2013 /PRNewswire/ -- Regulus Therapeutics Inc. (NASDAQ: RGLS), a biopharmaceutical company leading the discovery and development of innovative medicines targeting microRNAs, today announced that it has demonstrated initial progress in its research collaboration with Biogen Idec, M.A. ("Biogen Idec") to discover microRNAs as biomarkers for multiple sclerosis ("MS") and has received a milestone payment.

Regulus has developed a highly reproducible, proprietary platform for extracting, profiling, and analyzing microRNAs from small volumes of serum. Under its collaboration with Biogen Idec, Regulus applied this platform to profile over 400 serum samples from MS patients and compared these samples against those from healthy volunteers in the largest known MS serum profiling experiment performed to date. The results of this large and successful experiment have provided the foundation for identifying potential biomarker signatures for patients with MS. Based on the initial progress, Regulus and Biogen Idec will now work on the next phase of the research collaboration to validate further the microRNA biomarker signatures in patients with relapse-remitting MS, the most common form of the disease. 

"We are very excited about our early success in this collaboration and are hopeful that our efforts advance Biogen Idec's work in treating MS," said Neil W. Gibson, Ph.D., Chief Scientific Officer of Regulus. "Further, we believe that achievement of this milestone assigns significant value to our proprietary technology and demonstrates the potential of our emerging biomarkers platform to support our microRNA therapeutic pipeline." Regulus believes that microRNA biomarkers may be used to select optimal patient segments in clinical trials, to develop companion diagnostics, and to monitor disease progression or relapse.  

In August 2012, Regulus entered into a research collaboration with Biogen Idec to explore microRNAs as biomarkers for disease monitoring and response to therapy. In June 2013, Regulus and Biogen Idec amended the collaboration agreement to update the research plan and criteria for success. The collaboration is initially focused on the discovery of microRNAs as biomarkers for MS. Under the transaction, Regulus has received an upfront payment and has earned an initial milestone payment and is also eligible to receive additional milestone payments. Additionally, Biogen Idec made an investment in Regulus in the form of a promissory note that converted into shares of Regulus' common stock upon the closing of the Company's initial public offering in October 2012.

About microRNAs and microRNAs as Biomarkers

The discovery of microRNAs in humans during the last decade is one of the most exciting scientific breakthroughs in recent history. microRNAs are small RNA molecules, typically 20 to 25 nucleotides in length, that do not encode proteins but instead regulate gene expression. More than 500 microRNAs have been identified in the human genome, and over one-third of all human genes are believed to be regulated by microRNAs. microRNA expression, or function, has been shown to be significantly altered or dysregulated in many disease states, including oncology, fibrosis and metabolic diseases. Regulus believes that microRNAs are clinically relevant therapeutic targets and may be ideally suited as biomarkers for these disease states and others, like MS. 

microRNAs have been detected in bodily fluids such as blood, and emerging data has demonstrated that microRNA signatures in blood can mimic the expression profile observed in disease tissues. Regulus has a comprehensive intellectual property estate and oligonucleotide technology know-how and believes that microRNA biomarkers may be used to select optimal patient segments in clinical trials, to develop companion diagnostics, and to monitor disease progression or relapse. 

About Regulus

Regulus Therapeutics Inc. (NASDAQ: RGLS) is a biopharmaceutical company leading the discovery and development of innovative medicines targeting microRNAs. Regulus is uniquely positioned to leverage a mature therapeutic platform that harnesses the oligonucleotide drug discovery and development expertise of Alnylam Pharmaceuticals, Inc. and Isis Pharmaceuticals, Inc., which founded the company. Regulus has a well-balanced microRNA therapeutic pipeline entering clinical development, an emerging microRNA biomarkers platform to support its therapeutic programs, and a rich intellectual property estate to retain its leadership in the microRNA field. Regulus intends to focus its proprietary efforts on developing microRNA therapeutics for oncology indications and orphan diseases and is currently advancing several programs toward clinical development in oncology, fibrosis and metabolic diseases. Regulus is also developing RG-101, a GalNAc-conjugated anti-miR targeting microRNA-122, for the treatment of chronic hepatitis C virus infection. Regulus' commitment to innovation and its leadership in the microRNA field have enabled the formation of strategic alliances with AstraZeneca, GlaxoSmithKline and Sanofi. In addition, Regulus has formed a research collaboration with Biogen Idec around its emerging microRNA biomarkers platform. 

For more information, please visit http://www.regulusrx.com.

Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements associated with Regulus' expectations regarding future therapeutic and commercial potential of Regulus' business plans, technologies and intellectual property related to microRNA therapeutics being discovered and developed by Regulus. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "intends," "will," "goal," "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Regulus' current expectations and involve assumptions that may never materialize or may prove to be incorrect.  Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, risks associated with the process of discovering, developing and commercializing drugs that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such drugs. These and other risks concerning Regulus' programs are described in additional detail in Regulus' SEC filings. All forward-looking statements contained in this press release speak only as of the date on which they were made. Regulus undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

SOURCE Regulus Therapeutics Inc.

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