Point Roberts, WA and NEW YORK, NY - November 16, 2015 (Investorideas.com Newswire) Investorideas.com, a digital news source covering leading sectors including tech reports technology analyst at Aegis Capital , Ashok Kumar (CFA) , has initiated coverage on Nxt-ID, Inc. (NASDAQ: NXTD) with a buy rating and target price of $3.00. Nxt-ID, Inc. is a biometrics and authentication company focused on the growing m-commerce market with an innovative MobileBio™ suite of biometric solutions that secure mobile platforms.
A value-add player in the mobile payment market
Nxt-ID, Inc. (Nxt-ID) is a biometrics and authentication company focused on the
growing m-commerce market with an innovative MobileBio™ suite of biometric
solutions that secure mobile platforms. The Company also serves the access control
and law enforcement facial recognition markets.
Mobile Payments: IDC predicts that mobile payments globally will account for
US$1 trillion in 2017, up from the 2015 figure of just below US$500 billion. The
majority of mobile payments today are related to mobile commerce transactions,
with remote payments being the most widely used. Whereas mobile payments in
North America and Europe are driven largely by systems that are linked to debit and
credit cards, the limited state of card adoption in Asia/Pacific forces potential mobile
payment behavior to shift to usage of bank account linked mobile wallets.
Positioned in growth markets: Nxt-ID is focused on products, solutions, and
services that have a need for biometric secure access control. Nxt-ID has three distinct
lines of business that they are currently pursuing: mobile commerce; law enforcement
and biometric access control applications.
See the full report here:
Additional research coverage is published on Investorideas.com
InvestorIdeas.com is a global investor news source that follows the money in leading sectors including tech. www.investorideas.com
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: Investoridease.com has been retained by NXT-ID for PR, media and marketing. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp
800 665 0411