Seeking Alpha

Investorideas.com's  Instablog

Investorideas.com
Send Message
www.InvestorIdeas.com is a meeting place for investors and public companies in leading sectors. Find investing ideas, news and research for biotech stocks, tech and mobile stocks, mining stocks, oil and gas, water stocks, renewable energy, beverage stocks, defense stocks, nanotech and more on... More
My company:
Investor Ideas
My blog:
Investor Ideas Newswire
View Investorideas.com's Instablogs on:
  • A Revolution In Payment Systems; Biometric Experts Talk About Apple Pay And Smart Wallets

    Tech Alert: A Revolution in Payment Systems; Biometric Experts Talk about Apple Pay and Smart Wallets

    New York, NY - Point Roberts, WA - October 22, 2014 (investorideas.com newswire) Investorideas.com (investorideas.com), a financial news source covering leading sectors including biometrics and mobile tech, issues follow-up commentary from biometric experts following the official launch of Apple Pay. Alan Goode of Goode Intelligence, Janice Kephart, founder of the Secure Identity and Biometrics Association (SIBA) and Gino Pereira, CEO of NXT-ID (NASDAQ: NXTD) a company introducing its own biometric smart wallet, talk about the controversial launch that is shaking up the payment industry.

    Biometric expert Alan Goode of Goode Intelligence commented, "Apple Pay has the potential to kick-start the mobile payments market and Apple has created a solution that is convenient, smart and secure. By partnering with large parts of the payments ecosystem, Apple Pay could well succeed where other mobile payments solutions have faltered. I think the stand-out feature of Apple Pay is the use of fingerprint biometrics for authentication purposes and mirrors PayPal and Alipay in its adoption. Other news this week; with the partnership between biometric card vendor, Zwipe, and MasterCard we may well be at the beginning of a transformation for payment authentication, replacing PINs for higher-value contact card-based payments and facilitating increased amounts for purchases using contactless cards and NFC-equipped mobile devices."

    Janice Kephart, founder of the Secure Identity and Biometrics Association (SIBA) said,

    "Apple Pay's launch could be a revolution in payment systems, and make using physical credit cards obsolete. But there are barriers to overcome in perceptions about privacy, security and convenience. It also is operating in a relatively small playing field: consumers must own an iPhone 6 and 6 Plus (the only phones which have both a fingerprint sensor and NFC (near field communication) chips and merchants must have NFC readers (they need not 'sign-up' for Apple Pay however). While the fingerprint sensor is one of the core gateway tools between a successful approved purchase or not and is accepted in the market at this point, there is another issue that has nothing to do with biometrics: people are so weary of trumped-up security going awry and ending in personal identifiable information being hacked, many will likely stay in a wait-and-see mode at least for the foreseeable future.

    That doesn't mean Apple Pay will fail. It simply means it may take a bit for it to catch on."

    Gino Pereira, CEO of NXT-ID, Inc, (NASDAQ: NXTD), a company launching a biometric smart wallet separate from a smartphone remarked; "Apple Pay has the potential to do well within a certain sector of the payments market. The obvious qualification is that one has to have an iPhone 6, so that will take a little time to build critical mass. Merchant terminals also need some to convert to the new NFC technology and with 10 million of them in the US it will take some time. Also certain significant vendors will not participate in the Applepay program ; notably the MCX members; 7-Eleven, Inc.; Alon Brands; Best Buy Co., Inc.; CVS/pharmacy; Darden Restaurants; HMSHost; Hy-Vee, Inc.; Lowe's; Michaels Stores, Inc.; Publix Super Markets, Inc.; Sears Holdings; Shell Oil Products US; Sunoco, Inc.; Target Corp. and Wal-Mart Stores, Inc. These stores represent one trillion dollars of purchases so the payments market continues to be very fragmented with many vendors vying for market share."

    There is no doubt that if Apple is entering the smart wallet market, the opportunity is significant and they want their share. For consumers and investors, the smart wallet race is on and the payment industry is undergoing rapid change and there will be multiple choices and ways to benefit from this revolution and evolution.

    Original article September 12, 2014:

    http://www.investorideas.com/CO/NXT/news/2014/09121.asp

    Read this release in full at http://www.investorideas.com/news/2014/technology/10221.asp

    About Goode Intelligence: http://www.goodeintelligence.com

    Goode Intelligence works in information security, mobile security, authentication and identity verification, biometrics, enterprise mobility and mobile commerce sectors.

    About Secure Identity and Biometrics Association (SIBA): http://www.sibassoc.org

    SIBA represents vendors, nonprofits, and research institutions dedicated to responsible use of innovations, including biometrics, that protect and secure identity.

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

    NXT-ID, Inc.'s (NASDAQ: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. www.wocketwallet.com

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

    About InvestorIdeas.com: www.investorideas.com

    InvestorIdeas.com is a global news source for investors following leading business sectors including biometric and mobile technology as well as other leading sectors.

    Sign up for our free news alerts: http://www.investorideas.com/Resources/Newsletter.asp

    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 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: Investorideas.com has been engaged by NXTD for PR, media and news publication (five thousand per month plus 144 shares) Investor ideas is long shares. More disclaimer info: http://www.investorideas.com/About/Disclaimer.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.

    Contact:
    800-665-0411

    www.Investorideas.com

    Oct 22 12:50 PM | Link | Comment!
  • Experts And Analyst Comment On Recent Security Breaches For National Cybersecurity Month

    Experts and Analyst Comment on Recent Security Breaches for National Cybersecurity Month

    Scott Sacknoff of the SPADE Defense Index, Cybersecurity experts, Kiersten Todt & Roger Cressey, Gino Pereira, CEO of NXT-ID and Scott L. Greiper, of Secure Strategy Group Share Insight

    New York NY- Point Roberts WA - October 16, 2014 - Investorideas.com (www.investorideas.com), a global news source covering leading sectors including cybersecurity and biometrics, issues commentary from industry experts and analysts on recent security breaches (including Home Depot and JP Morgan) as National Cybersecurity Month drives even more awareness to the issue.

    October 2014 marks the 11th Annual National Cyber Security Awareness Month, sponsored by the Department of Homeland Security, in cooperation with the National Cyber Security Alliance and the Multi-State Information Sharing and Analysis Center.

    Scott Sacknoff of the SPADE Defense Index (NYSE: ^DXS) said looking at stocks in the sector, "With increasing publicity related to network attacks, an increasing number of companies are increasing their cybersecurity investments to be proactive rather than responsive to attacks. The proof of this trend can be seen as cybersecurity companies report gains in the size of their customer base as well as growth in the contracts awarded by the large, S&P100-type firms. One can expect firms such as Palo Alto Networks (NYSE:PANW), FireEye (NASDAQ:FEYE), Cyber-Ark Software (NASDAQ:CYBR), Barracuda Networks (NYSE:CUDA), and Fortinet (NASDAQ:FTNT) to be among those that should benefit."

    Scott L. Greiper, President of Secure Strategy Group, LLC. told us, "The growing list of big-name hacking victims will support the broad secular growth being enjoyed by many companies in the cyber security sector. Our SSG Small Cap Homeland Security Report for the first half of 2014 documents the strong performance of small caps in this sector. We anticipate growth will continue as the cyber threat and related legal concerns are taken seriously by more and more enterprises, especially small and medium companies. To be sure, market participants need to step carefully given the presence of some inflated valuations and shifting technology requirements that can have rapid and significant impacts on certain providers."

    Cybersecurity experts, Kiersten Todt & Roger Cressey, Liberty Group Ventures commented, "National Cybersecurity Month has been dominated by news reports of successful attacks in cyberspace. Millions of accounts, addresses, names, phone numbers, and other valuable data have been stolen. Recent high profile cyber breaches into Home Depot and JP Morgan, in particular, have demonstrated the diverse and pervasive threats that businesses face. What are some of the key lessons from these significant breaches?

    Corporate board members are now being held responsible and accountable for breaches. Corporate leaders must view Cyber risk as a risk equal to credit, liquidity, and operational risks. Assessing risk is an enterprise-wide endeavor, not merely a department, division, or company activity. The complexity of cybersecurity interdependencies is a growing challenge for companies to understand and manage. Recent corporate breaches also reflect an increased diversification of threat actors who have significant capabilities and have exposed the difficulty in discerning whether a cybersecurity adversary is a nation-state or a sophisticated criminal organization. Companies should assume they are targets of a complete range of adversaries and intentions.

    Employee behavior is a primary corporate vulnerability - spearphishing remains the primary way adversaries can infiltrate a network. Educating employees is the foundation of effective corporate cybersecurity and is often neglected. Private organizations should not expect the government to identify threats first; information sharing between the public and private sectors is essential to maintaining security and companies must commit to continually improving methods for information sharing.

    Every company can learn from past breaches and apply the best practices and lessons learned upon which industry and government have agreed. One tool that companies have already begun to use effectively to manage cyber risk, enterprise-wide, is the application of the NIST Cybersecurity Framework. In light of the recent court ruling requiring companies to take "reasonable efforts" on cybersecurity, application of the NIST Framework can be viewed as doing so.

    No company can stop every cyber threat to its organization; companies will continue to be breached and the adversaries will continue to be more creative and opportunistic in finding vulnerabilities to exploit. Tools and technologies that help organizations more effectively manage cyber risk will become essential for companies to prosper in the current threat environment."

    Gino Pereira, CEO of NXT-ID (NASDAQ: NXTD) said, "Companies need to approach cyber security from a holistic standpoint. Personnel, hardware and software all play a role. Authentication is a major factor. Passwords have been proven to be ineffective and biometrics are increasingly being used as a means of authentication of personnel. Authentication should also rely on at least two factors to allow access. Behavior of staff with access to sensitive information needs to be monitored. Do they have outside internet access? Can their behavior invite breaching attacks? Companies should also look at keeping sensitive information in an encrypted format. Here at NXT-ID, we are developing technologies that not only require dual authentication for access control but also dynamic pairing codes that change for each enquiry, making it very difficult for attackers to gain access to sensitive information."

    National Cyber Security Awareness Month is designed to engage and educate public and private sector partners through events and initiatives with the goal of raising awareness about cybersecurity and increasing the resiliency of the nation in the event of a cyber incident.

    More info: http://www.dhs.gov/national-cyber-security-awareness-month-2014

    Read this release in full at: http://www.investorideas.com/news/2014/cybersecurity/10161.asp

    Investorideas.com has created a global cybersecurity stock directory for investors to research the sector. http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp#CyberSecurity

    About InvestorIdeas.com:

    InvestorIdeas.com is a global news source for investors following leading business sectors including cybersecurity.

    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 cyber, biometric and mobile payment stocks http://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: Investorideas is compensated by NXTD five thousand per month plus 144 shares for PR, media and news publication. .More disclaimer info: http://www.investorideas.com/About/Disclaimer.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.

    800-665-0411 - Source - www.Investorideas.com

    Oct 16 2:04 PM | Link | Comment!
  • Technology Alert; Biometric Experts Comment On Launch Of Apple Pay Smart Wallet Payment Service

    Technology Alert; Biometric Experts Comment on Launch of Apple Pay Smart Wallet Payment Service

    New York, NY - Point Roberts, WA - September 12, 2014 - Investorideas.com (www.investorideas.com) a global news source covering leading sectors including biometrics and mobile tech , issues commentary from analysts and experts on the September 9th launch of Apple Pay, its new payment service . Alan Goode of Goode Intelligence, Janice Kephart, founder of the Secure Identity and Biometrics Association (SIBA) and CEO Gino Pereira of NXT-ID, Inc, (Nasdaq: NXTD) a company that is introducing its own biometric smart wallet that is separate from a smartphone.

    Alan Goode of Goode Intelligence, a well- known expert in biometrics noted, "Although not a revolutionary announcement from Apple, the introduction of Apple Pay using Touch ID for biometrically authenticated payments is a huge step towards the widespread adoption of mobile payments. Following on from the decision by PayPal and Alipay to both offer mobile payments to be authorised by fingerprint biometrics on the latest Samsung devices this is an indication that payments is a big driver for the adoption of consumer biometric authentication."

    Janice Kephart, founder of the Secure Identity and Biometrics Association (SIBA) talked about the future of biometrics and Apple's role "I think the easiest applications to predict having the biggest impact are the ones that are designed to be purely personal, voluntary, and would have little to no value to government, such as the Apple Watch which creates a highly unique fitness profile using biometric readings that actually informs people beyond what any fitness training apps do today. That is an innovation to move a biometric acceptance to a whole new level."

    She went on to say, "Much more tricky for Apple to launch is Apple Pay, which no matter how described, means that our phones are interfacing personal biometrics involuntary with an unknown web of payment systems, credit cards and retailers. It is that connectivity between personal biometrics and the outside world that is uncontrolled beyond - literally - our fingertips, that will continue to draw a dubious reaction from folks. Assuring people about who can access that biometric and payment information via their phones, and who cannot, is the learning curve Apple must overcome. Whether the public is ready or not remains to be seen. But no matter what, that acceptance will likely have less to do with the biometric features than with overall concerns about payment security and privacy."

    Frost & Sullivan reported today that "the biometric revenue from smart phones is expected to increase from $53.6 million in 2313 to $396.2 million in 2019, at a compound annual growth rate of 39.6 percent."

    "Due to existing hardware capabilities across devices, most of the growth is expected from facial and voice authentication technologies," said Frost & Sullivan ICT Global Programme Director Jean-Noel Georges. "While the uptake of biometric technologies will get a boost from the proliferation of new devices with fingerprint authentication capability, their acceptance will be tepid until the market develops more sophisticated and accurate authentication software."

    NXT-ID, Inc is launching a biometrically secure smart wallet called the Wocket that is separate from a consumer's smartphone that includes voice biometrics and a multiple security approach. The company announced yesterday that it began trading on the NASDAQ.

    CEO Gino Pereira of NXT-ID, Inc said," I think that the NFC solution offered by Apple will bring a wider acceptance of touchless payment technology. However the challenge is not be underestimated.

    Companies such as Google and SoftCard (formerly Isis) have been trying to implement NFC technology for several years and as recently as a year ago some pundits had written off the technology in favour of a cloud based solution. The payment industry is undergoing a revolution, just as the entertainment industry has over the last decade. At the heart of the matter, customers want to have the most convenient payment experience, which should also be as secure as possible. This experience can be delivered in many forms: a smartphone, a smart watch or our very own Wocket smart wallet! Security needs to address not only access through biometrics but also protection of the data through tokenization or encryption.

    Read this release in full at http://www.investorideas.com/CO/NXT/news/2014/09121.asp

    About Goode Intelligence: http://www.goodeintelligence.com

    Goode Intelligence providing independent insight that has a major influence on the market

    Goode Intelligence is an independent research and consultancy company that provides quality advice to global decision makers in business and technology.

    Goode Intelligence works in information security, mobile security, authentication and identity verification, biometrics, enterprise mobility and mobile commerce sectors.

    About Secure Identity and Biometrics Association (SIBA): http://www.sibassoc.org

    SIBA represents vendors, nonprofits, and research institutions dedicated to responsible use of innovations, including biometrics, that protect and secure identity.

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

    NXT-ID, Inc.'s (NASDAQ: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. www.wocketwallet.com

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

    About InvestorIdeas.com: www.investorideas.com

    InvestorIdeas.com is a global news source for investors following leading business sectors including biometric and mobile technology as well as other leading sectors.

    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

    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 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: Investorideas.com has been engaged by NXTD for PR, media and news publication (five thousand per month plus 144 shares) Investor ideas is long shares. More disclaimer info: http://www.investorideas.com/About/Disclaimer.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.

    Contact:

    800-665-0411

    www.Investorideas.com

    Sep 12 11:53 AM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.