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ANZ and NXT-ID Subsidiary Fit Pay Collaborate to Bring New Tap and Go Payment Devices to the Australian Market

Agreement will provide new contactless payment options for ANZ customers

MELBOURNE, Florida, December 19, 2017 – 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 FitPayTM 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 PlatformTM. 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

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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 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. 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

GPLogo_stacked

NXT-ID Subsidiary FitPay to Power Garmin Pay on Garmin® vívoactive® 3 Smartwatch

 Company to add NFC-enabled mobile payment capabilities to one of the most complete watches on the market for an active customer

MELBOURNE, Florida, August 31, 2017 – 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 powering the payment capabilities for the vívoactive 3, a new smartwatch by leading wearables company, Garmin International Inc. (NASDAQ: GRMN). The new feature, called Garmin PayTM, enables consumers to make contactless payments at near-field communication-enabled (NFC) point-of-sale (POS) locations, adding a powerful new feature to one of the most complete smartwatches on the market for the active consumer.

“Our team is extremely excited to be working with Garmin to enable Garmin Pay. The inspiration behind FitPay’s drive to enable payments on a whole new generation of devices came while on a bike ride wearing my Garmin,” said Michael Orlando, president of Fit Pay, Inc. and COO of NXT-ID. “The vívoactive 3 with Garmin Pay gives people with active lifestyles an incredibly easy and convenient way to pay without having to carry a phone or wallet – something anyone who runs, bikes or just leads a fast-paced life will love.”

The vívoactive 3 was launched by Garmin at the International Franchise Association’s (IFA) Consumer Electronic Unlimited show in Berlin, Germany on August 31, 2017. The complete sports smartwatch offers a range of features, including Garmin Pay, a new contactless payment capability that is powered by the FitPayTM payment platform. The FitPay platform provides the vívoactive 3 with contactless payment capabilities and full digital wallet functionality within the Garmin application, enabling consumers to make contactless payments with the smartwatch at NFC-enabled POS terminals using an existing credit or debit card account. The vívoactive 3 will be available for purchase at Best Buy or on BestBuy.com.

“We are incredibly excited to work with FitPay to offer our customers an easy way to make purchases while on the move,” said Dan Bartel, Garmin vice president of worldwide sales. “With Garmin Pay, you now have the freedom to leave your phone and wallet at home without losing your payment capabilities.”

Garmin Pay and the vívoactive 3 are connected to the FitPay Trusted Payment ManagerTM platform, which is integrated with Mastercard (NYSE: MA) through the Mastercard Digital Enablement Service (MDES) and with Visa (NYSE:V) through the Visa Ready for Tokenization program.1

“We are thrilled to work with FitPay and see the first product launch come out of our Visa Ready for Tokenization program, which was developed to help partners accelerate payment capabilities across the wearable category,” said Jim McCarthy, executive vice president, innovation and strategic partnerships, Visa. “Our network of partners, combined with the right technology solutions, will continue to be fundamental in driving payment functionality in connected devices and allows us to continue to welcome new partners into the payment ecosystem.”

“Mastercard wants to provide its cardholders the choice and peace of mind to make more secure digital payments from a variety of connected devices through a tap, touch, or click,” said Kiki Del Valle, senior vice president, Commerce for Every Device, Mastercard. “Enabling payments on innovative, new devices like the Garmin vívoactive 3 gives consumers more choices in how they pay and provides them the freedom to shop when, where and how they want.”

FitPay’s proprietary technology platform delivers payment, credential management, authentication, and other secure services to the Internet of Things (IoT) ecosystem. The platform uses NFC technology to interact with over 10 million retail POS terminals worldwide, making it possible to pay for goods and services almost anywhere with a simple tap. FitPay’s end-to-end payment solution allows IoT and wearable device manufacturers to add payment and authentication capabilities to their products with very little start-up time, no investment in software development and access to the leading card networks.

1 View supported country, payment network and issuing bank information at Garmin.com/garminpay/banks

 

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About 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 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. FitPay and the FitPay Payment Platform are the sole property of Fit Pay, Inc.

About Garmin International Inc.

The ever-expanding Garmin fitness segment develops technologies to enhance and promote healthy and active lifestyles. Whether users are runners, cyclists, swimmers, multi-sport athletes, or simply looking to stay active throughout the day, there is a Garmin product that can help them reach their health and fitness goals. For decades, Garmin has pioneered new GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary business units, including automotive, aviation, fitness, marine, and outdoor recreation. For more information, visit Garmin’s virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garmin, or youtube.com/garmin.

Garmin International, Inc., is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan, and the United Kingdom. Garmin and vívoactive are registered trademarks. Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

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:

 

Chris Orlando

chris.orlando@nxt-id.com

 

  1. Van Zant

+1-800-665-0411

press@nxt-id.com

Visa Logo

NXT-ID Subsidiary Fit Pay Approved as a Visa Token Service Provider

Qualification allows for the Implementation of an End-to-End Payment Solution for Device Manufacturers

MELBOURNE, Florida, June 8, 2017 /PRNewswire/ —

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 its Token Service Provider (TSP) solution has been successfully integrated with the Visa Token Service. Fit Pay is now qualified as a Visa TR-TSP partner through the Visa Ready Program.

“Successfully integrating with Visa, the largest card network in the world, is a major step forward in our effort to bring contactless payment capabilities to a whole new generation of devices,” said Michael Orlando, President of Fit Pay, Inc. and COO of NXT-ID. “As one of the first partners to have our solution approved by Visa, Fit Pay takes a leadership role in enabling secure payment capabilities across a wide range of new devices and form factors.”

The Visa Ready Program provides standards to allow partners to quickly introduce Visa-approved devices, software, and solutions that can initiate or accept Visa payments. The qualification as a Visa TR-TSP provider allows Fit Pay to move forward with the implementation of its payment enablement platform for Internet of Things (IoT) and wearable devices. The company is in the process of onboarding the first devices onto its payment platform and anticipates product announcements from a number of manufacturers it is working with later this year.

“Our mission has been to create secure, frictionless, and personalized payment experiences for all consumers,” Orlando added. “With Visa’s leadership, the ecosystem for contactless payments is taking a huge step forward.”

Fit Pay’s proprietary technology platform delivers payment, credential management, authentication and other secure services to the IoT ecosystem. 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 payment and authentication services. Fit Pay leverages Embedded Secure Element (eSE) chip technology within devices to offer a payment solution that is very power and memory efficient and does not need to refresh a token once it is issued. This frees devices from needing to be tethered to a host device or connected to the Internet to transact payments, creating a superior user experience.

Fit Pay’s end-to-end payment solution allows IoT and wearable device manufacturers to add payment and authentication capabilities to their products with very little start-up time, no investment in software development and instant access to the leading credit card networks, such as Visa.

About NXT- ID, Inc.

NXT-ID, Inc. (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.

A wholly-owned subsidiary of NXT-ID, 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. The company was named a ‘Startup of the Year‘ for payment technology by industry publication, Paybefore. 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:
Chris Orlando
chris.orlando@nxt-id.com

D. Van Zant
+1-800-665-0411
press@nxt-id.com

SOURCE NXT-ID, Inc.