MELBOURNE, Florida,
December 19, 2017 /PRNewswire/ --
Agreement will provide new
contactless payment options for ANZ customers
Australia and New Zealand Banking Group
Limited (ANZ) and Fit Pay, Inc., a wholly owned subsidiary of
NXT-ID, Inc. (NASDAQ: NXTD), today announced an agreement to
extend contactless payment capabilities to a range of new devices.
The agreement enables ANZ cardholders to make secure contactless
payments at NFC-enabled point-of-sale locations directly from
Internet of Things (IoT) and wearable devices that are integrated
with the FitPay[TM] payment platform.
"We are very pleased to be working with
one of Australia's leading banks
to help drive the adoption of new contactless payment technology,"
said Michael Orlando, COO of NXT-ID
and President of Fit Pay, Inc. "Australians have embraced the
convenience of tap and go payments. This agreement allows them to
enjoy that same frictionless payment experience on a wider variety
of devices."
Under the agreement, ANZ will
participate in FitPay's Token Requester Program, which enables
cardholders to securely add their payment credentials to devices
that are integrated with FitPay's contactless payment platform. The
platform uses tokenization, a payment security technology that
replaces cardholders' account information with a unique digital
identifier (a "token"), to transact highly secure contactless
payments. It allows consumers to pay at near-field
communication-enabled point-of-sale terminals with a simple
tap.
The collaboration with ANZ includes
ensuring that the devices meet ANZ's technical, usage, security,
branding, and consumer experience requirements. Manufacturers of 15
IoT and wearable devices are currently integrating with the FitPay
Payment Platform[TM]. Product announcements from the
manufacturers of these devices are anticipated in throughout the
next year.
Australia leads the world in the adoption of
contactless payments, with 4 in 5 consumers making at least one
contactless payment a week.
ANZ is one of the five largest listed
companies in Australia and the number one bank in New Zealand. It operates in more than 34
markets across Australia,
New Zealand, Asia, Pacific, Europe, America and the Middle
East including a technology and operations center in
Bengaluru, India.
For more information on ANZ's mobile
payment options visit: mobilepayments.anz.com
NXT- ID, Inc. and Fit Pay,
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 Wocketâ„¢, 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://www.nxt-id.com. NXT-ID Inc. Corporate
Contact: info@nxt-id.com. FitPay and the FitPay Payment
Platform are trademarks of Fit Pay, Inc.
Forward-Looking Statements for
NXT-ID: This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements reflect management's current
expectations, as of the date of this press release, and involve
certain risks and uncertainties. Forward-looking statements include
statements herein with respect to the successful execution of the
Company's business strategy. The Company's actual results could
differ materially from those anticipated in these forward-looking
statements as a result of various factors. Such risks and
uncertainties include, among other things, our ability to establish
and maintain the proprietary nature of our technology through the
patent process, as well as our ability to possibly license from
others patents and patent applications necessary to develop
products; the availability of financing; the Company's ability to
implement its long range business plan for various applications of
its technology; the Company's ability to enter into agreements with
any necessary marketing and/or distribution partners; the impact of
competition, the obtaining and maintenance of any necessary
regulatory clearances applicable to applications of the Company's
technology; and management of growth and other risks and
uncertainties that may be detailed from time to time in the
Company's reports filed with the Securities and Exchange
Commission.
Media Contacts:
Chris Orlando
chris@fit-pay.com
+1-760-468-7273
D. Van Zant
press@nxt-id.com
+1-800-665-0411