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$NXTD ~ Product pipeline: NXTD has released an App

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Post# of 23611
Posted On: 01/04/2016 3:07:20 PM
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Posted By: Lets Roll
$NXTD ~ Product pipeline: NXTD has released an App that provides customers with tools to update and manage their Wocket via the smartphones. They are also working on EMV-compatible designs for release later this year. Since they have solved what we view as the harder problem in smart wallets they are in a good position to do an easier one like a smart credit card linked to your phone. (This is what many others like Stratos have done.) It's less secure but it is convenient. The Wocket card works at far more points of sale than the others and the company will release a phone/card solution that expands their TAM and probably puts a dent in the opportunity for Stratos and that ilk of product. Card issuers believe they will still be issuing twice as many conventional cards versus EMV in 2019.

http://finance.yahoo.com/news/soundview-techn...00890.html


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