NXT-ID (NASDAQ: $NXTD)
Subsidiary Fit Pay to Provide Payments for Bee by Radiius
Biometric Payment Key Fob Conveniently and Securely
Stores 20 Credit, Debit and Loyalty Cards and Makes Contactless Payments at
NFC-Enabled Retail Locations
MELBOURNE,
Florida - September 19, 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 is
providing payment capabilities for, Bee, a new biometric payment key fob by
financial technology company, Radiius.
Radiius
officially launched Bee through an Indiegogo campaign this month. The payment
key fob can conveniently and securely make contactless transactions with up to
20 payment and loyalty cards. Bee will be integrated with the FitPay[TM]
payment platform, enabling it to make contactless payment transactions at
NFC-enabled retail point-of-sale locations.
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(R), 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 http://nxt-id.com/. FitPay and the FitPay Payment
Platform are the sole property of Fit Pay, Inc. For NXT-ID Inc. corporate
information contact: info@nxt-id.com
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