This week in biometrics industry stocks

As the biometric industry continues to grow BiometricUpdate is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. This year of 2017 has been a banner one for technology stocks. Nasdaq is still trading near the record high of just a month ago. The so-called FANG stocks (Facebook, Apple, Netflix and Google) have outperformed

Token launches biometric fingerprint identification ring

Token, a biometric identity ring that streamlines the process of authentication throughout your day, has officially launched. Supported by partners including Mastercard, Microsoft, FitPay and the FIDO Alliance, Token is available for presale now on its website beginning at $249, and will begin shipping to users this December. Token serves as a seamless solution to manage various credentials while leveraging a proprietary continuous two-factor authentication method to ensure no one but the authorized user can access the protected credentials. The

This week in biometrics industry stocks

As the biometric industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. The data chain between Nasdaq and several media outlets was accidentally fed incorrect data on July 4th. For a while the data feed to several major websites suggested shares of tech stocks such as Amazon

This week in biometrics industry stocks

As the biometrics industry continues to grow, BiometricUpdate is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. – It was another volatile week in the markets. Just two weeks ago tech stocks plunged before making a recovery. And so it was this week. The Nasdaq 100 Index shed 2.3 percent over just two

Fit Pay to provide payment capabilities for biometric ID ring Token

Payment and authentication firm Fit Pay, a wholly owned subsidiary of NXT-ID, announced it is providing payment capabilities for biometric identity ring startup Token. Currently available for presale for shipping in December, Token is a ring embedded with an ultra-compact fingerprint sensor and an optical proximity sensor that can be used for payments, access and several other applications. Expected to begin shipping to customers in December, Token replaces the need for most day-to-day credentials while using a proprietary continuous two-factor

This week in biometrics industry stocks

As the biometrics industry continues to grow and expand Biometric Update is bringing a new focus to some of the stock stories in the sector. Check in with this space each week for a rundown of some of the financial news emerging out of the group of biometrics industry stocks we like to follow. -Well-known financial news site theStreet.com mentioned the firm, Next Biometrics in a story that looked at stocks that jump in “value on news of terrorist attacks.”

NXT-ID, Fit Pay, Inc. enter letter of intent to combine businesses

NXT-ID, Inc. and Fit Pay, Inc. have entered into letter of intent to combine their businesses in a deal that includes stock and cash consideration. The press release specifies that NXT-ID will not be raising additional capital to complete this transaction. “This potential transaction with Fit Pay would not only add a critical component to our payment and authentication products, but also a platform which will enable a whole new suite of offerings including payments, credential management, and secure authentication

NXT-ID joins Cisco solution partner program

NXT-ID, Inc. has joined the Cisco Solution Partner Program as a solution partner. “We are very excited about our collaboration with Cisco as a Solution Partner and see it as a milestone for our business strategy moving forward,” said NXT-ID CEO Gino Pereira. “Having access to the Cisco Partner Ecosystem will play an important role in growing our business. Through this program we intend to provide biometric and encryption solutions involving facial recognition and later on, voice recognition.” NXT-ID’s MobileBio

NXT-ID to acquire LogicMark for $20 million

Biometric sensor developer NXT-ID has signed an agreement to acquire personal emergency response system manufacturer LogicMark for $20 million, according to a report by Security Systems News. NXT-ID’s extensive expertise in biometrics and miniaturization will help LogicMark develop PERS solutions. The deal, which was initially on May 19 at Affiliated Monitoring’s PERS conference Catalyst, is expected to be completed by the end of June. The two companies have complementary capabilities, and the acquisition will bring LogicMark in-house engineering staff while

Biometrics and law enforcement, facial recognition and national ID trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Facial recognition The Scottish Professional Football League has asked the government for financial support to introduce facial recognition technology to identify troublemakers in stadiums next season. The goal in implementing the technology, which could cost up to £4m, is to identify those guilty of violence, offensive singing, using pyrotechnics and exhibiting any other prohibited behaviour. U.S. Customs and Border Protection have started