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Universal Authentication Methods Provide More Secure Operations for Biometrics Devices - Company Joins FIDO Alliance for Consumer Protection
Date:11/7/2014

CORAL SPRINGS, Florida, November 6, 2014 /PRNewswire/ --

Leading Biometric companies aim to provide consumers with improved secure authentication for better mobile security revolutionizing online transactions.  Companies in focus today are: NXT-ID, Inc. (NASDAQ: NXTD), Alibaba Holdings Ltd. (NYSE: BABA), Google Inc. (NASDAQ: GOOG), Microsoft Corporation (NASDAQ: MSFT), eBay Inc. (NASDAQ: EBAY) and MasterCard Inc. (NYSE: MA)

NXT-ID, Inc. (NASDAQ: NXTD and NXTDW), a biometric authentication company focused on the growing mobile commerce is pleased to announce that it has joined the FIDO Alliance as a Sponsor member.  The FIDO (Fast IDentity Online) Alliance (http://www.fidoalliance.org/), is an industry consortium revolutionizing online authentication with the first standards for strong authentication. FIDO Alliance members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enable FIDO-compliant authentication methods to be interoperable, more secure and private, and easier-to-use.

FIDO specifications will support a full range of authentication technologies, including biometrics such as fingerprint, eye and iris scanners, voice and facial recognition, as well as further enabling existing solutions and communications standards, such as Trusted Platform Modules (TPM), USB Security Tokens, embedded Secure Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and Near Field Communication (NFC). The open specifications are being designed to be extensible and to accommodate future innovation, as well as protect existing investments. FIDO specifications allow the interaction of technologies within an interoperable infrastructure, enabling authentication choice to meet the distinct needs of users and organizations.

Read the full NXTD release at http://finance.yahoo.com/q?s=nxtd&ql=1

"Nxt-ID is very enthusiastic about joining FIDO Alliance and contributing to the development of standards for online authentication with our core competencies in biometrics and encryption, said Gino Pereira, CEO. The FIDO (Fast IDentity Online) Alliance, http://www.fidoalliance.org, was formed in July 2012 to address the lack of interoperability among strong authentication technologies, and remedy the problems users face with creating and remembering multiple usernames and passwords. The Alliance plans to change the nature of authentication by developing standards-based specifications for simpler, stronger authentication that define an open, scalable, interoperable set of mechanisms that reduce reliance on passwords. FIDO authentication is stronger, private, and easier to use when authenticating to online services.

The FIDO Alliance Board of Directors includes leading global organizations: Alibaba Holdings (NYSE: BABA); ARM Holdings plc (ARMH); Bank of America Corporation (BAC); BlackBerry®; CrucialTec; Discover Financial Services; Google (NASDAQ: GOOG); IdentityX; Lenovo; MasterCard (NYSE: MA); Microsoft (NASDAQ: MSFT); Nok Nok Labs, Inc.; NXP Semiconductors N.V. (NXPI); Oberthur Technologies OT; PayPal (NASDAQ: EBAY); Qualcomm, Inc. (QCOM); RSA®; Samsung Electronics, Ltd (SECL); Synaptics (SYNA); Visa Inc. (V); Yubico.

Alibaba Holdings (NYSE: BABA), in its first earnings report as a publicly traded company, delivered on the growth prospects that have fueled a 54 percent stock surge since its September initial public offering. The Chinese e-commerce company yesterday posted fiscal second-quarter profit that beat analysts' estimates as increased shopping traffic and mobile spending in its home market generated more advertising. Revenue jumped 54 percent, more than anticipated. Alibaba, with 307 million active buyers as of September, is luring more sellers to its e-commerce sites by providing advertising tools that analyze user preferences. Read more here: http://www.bloomberg.com/news/2014-11-04/alibaba-profit-beats-estimates-as-more-shoppers-lure-advertisers.html

Google (NASDAQ: GOOG) recently announced the alpha launch of Google Container Engine, a new managed service for building and running Docker container-based applications on its cloud platform. Docker is probably the hottest technology in developer circles these days - it's almost impossible to have a discussion with a developer without it coming up - and Google's Cloud Platform team has decided to go all in on this technology that makes it easier for developers to run distributed applications. Read more here: http://techcrunch.com/2014/11/04/google-launches-managed-service-for-running-docker-based-applications-on-its-cloud-platform/

Microsoft (NASDAQ: MSFT and Dropbox, competitors in the market for digital file storage, are joining forces in a partnership that plays to each side's strengths. The companies are connecting their mobile services so an iPhone user in a Dropbox account can edit Microsoft Office files with the tap of a button. Likewise, someone using an iPad to create a PowerPoint presentation in Office can save the file to Dropbox with a built in "save to Dropbox" function. Until now, Microsoft Office on the iPad and iPhone allowed users to save files only to Microsoft's own digital file sharing services including the Dropbox-like OneDrive. The inability to save Office documents to rival store-sync-and-share services was a glaring hole in Office when, in March, Microsoft for the first time offered Office apps for the iPad. Similarly, Office documents saved in Dropbox have been difficult to edit. Read more here: http://blogs.wsj.com/digits/2014/11/04/microsoft-and-dropbox-set-aside-rivalry-to-team-up-in-mobile/

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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 the company.FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. 

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

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