NXT-ID (Nasdaq:
$NXTD) Subsidiary Fit Pay To Offer Consumers the Ease and Security of Prepaid,
Tap-and-Go Payments with FitPay Prepaid MasterCard®
MELBOURNE, Florida, July
11, 2017 – (investorideas.com Newswire) Fit Pay, Inc., a
wholly owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD) and
a provider of payment, credential management, and authentication platform
services today announced that it would offer prepaid
capabilities on wearable devices connected to the Fit Pay Payment Platform. The
general purpose reloadable (GPR) program, ‘The FitPay Prepaid MasterCard®’, will give consumers with
Fit Pay's contactless payment-enabled devices the convenience of storing funds
directly on their device. The new feature provides consumers with the ease and
security of contactless payments.
About
NXT- ID, Inc.
NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform
of technology products and services that enable the Internet of Things (IoT). With
extensive experience in access control, biometric and behavior-metric identity
verification, security and privacy, encryption and data protection, payments,
miniaturization and sensor technologies, NXT-ID develops and markets
groundbreaking solutions for payment and IoT applications. Its industry-leading
technology products and solutions include MobileBio®, a suite of biometric solutions that secure consumers'
mobile platforms, the Wocket™, a
next-generation smart wallet and the Flye, a digital credit card developed in collaboration
with WorldVentures.
NXT-ID includes three mobile and IoT-related subsidiaries: LogicMark, LLC, a
manufacturer and distributor of non-monitored and monitored personal emergency
response systems ("PERS") sold through dealers/distributors and the
United States Department of Veterans Affairs; Fit Pay, Inc., a proprietary technology
platform that delivers end-to-end solutions to device manufacturers for
contactless payment capabilities, credential management, authentication and
other secure services within the IoT ecosystem, and 3D-ID LLC, which is engaged in biometric identification and
authentication. Learn more about NXT-ID at www.nxt-id.com.
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