MELBOURNE, Florida,
May 30, 2017 /PRNewswire/ --
Fit Pay, Inc., a wholly-owned subsidiary of NXT-ID, Inc.
(NASDAQ: NXTD) and provider of payment, credential management, and
authentication platform services, has been recognized as a
'Start-up of the Year' in payments by industry publication
Paybefore. The recognition was included in Paybefore's announcement
of the winners of the 2017 Pay Awards-the most prestigious
recognition of excellence in the global prepaid and payments
technology industry. Panels of experts in Prepaid, Retail &
Loyalty and Payments Technology selected the winners. (2017 Pay
Awards announcement.)
"We are honored to receive this recognition by Paybefore and
greatly appreciate the support we have received from Mastercard and
other companies in the payment ecosystem as we have built out our
payment platform," said Michael
Orlando, President of Fit Pay, Inc. and COO of Nxt-ID.
"Consumer adoption of contactless payments is rapidly reaching a
tipping point, and Fit Pay is the forefront of this transition,
improving the payment experience and enabling payments on a wide
range of devices."
Fit Pay is a proprietary technology platform that provides
payment, credential management, authentication, capabilities and
other secure services to manufacturers of wearable and IoT devices.
Fit Pay has integrated with the major credit card networks and chip
manufacturers to provide an all-in-one solution and flexible
integration options with developer-friendly tools and
documentation, including Trusted Service Management services,
full-featured API, mobile SDK (iOS & Android) and a highly
secure payment network tokenization scheme.
Fit Pay is now eligible to vie for Paybefore's
'Best-in-Category' honors, which will be voted on by the public and
selected by the publication. Visitors
to Paybefore.com can vote for Best-in-Category
through May 31, 2017. The Industry Achievement winners and
those named Best-in-Category will be featured in the Paybefore's
second annual Pay Magazine - Awards
Issue. To vote for Fit Pay the Best-in-Category for Payments
Tech: Startup of the Year award, click here.
About NXT- ID Inc. - Mobile Security for a Mobile
World
NXT-ID, Inc. (NASDAQ: NXTD) is a security technology Company
providing security for finance, assets, and healthcare. The
Company's innovative MobileBio® solution mitigates risks associated
with mobile computing, m-commerce, and smart OS-enabled devices.
With extensive experience in biometric identity verification,
security and privacy, encryption and data protection, payments,
miniaturization and sensor technologies, the Company partners with
industry leading companies to provide solutions for modern payment
and the Internet of Things ('IoT') applications. The Company's
wholly-owned subsidiary, LogicMark, LLC, manufactures and
distributes non-monitored and monitored personal emergency response
systems ('PERS') sold through the United States Department of
Veterans Affairs ('VA'), healthcare durable medical equipment
dealers and distributors and monitored security dealers and
distributors. http://www.nxt-id.com
http://www.logicmark.com
About Fit Pay, Inc.
A wholly-owned subsidiary of Nxt-ID, Inc., Fit Pay, Inc. is led
by former CyberSource and Visa executives with more than 50 years
of payment and identity authentication domain expertise. With
payment capabilities enabled by Fit Pay, wearable and IoT device
manufacturers can create customer loyalty, tap into recurring
revenue streams, open new markets, and differentiate their products
in an increasingly competitive market. Learn more at
http://www.fit-pay.com, or on Twitter.
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.
NXT-ID Inc. Contact:
Corporate info: info@nxt-id.com
Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.com
Fit Pay, Inc. Contact:
Chris Orlando
+1-760-468-7273
chris@fit-pay.com
SOURCE NXT-ID, Inc.