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. Learn more about NXT-ID at www.nxt-id.com.
Contactless payment instrument to be funded with value exchanged from cryptocurrency
MELBOURNE, Florida, June 28, 2018 /PRNewswire/ --
Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD), today provided an update on the development of Flip™, a new contactless payment device that enables Bitcoin holders to use the value of their currency to make contactless purchases at millions of retail locations.
Michael Orlando, COO of NXT-ID and President of Fit Pay, Inc. provi...
Garmin PayTM first to launch with new payment options for Westpac customers
MELBOURNE, Florida, June 20, 2018 /PRNewswire/ --
Westpac, Australia's oldest bank and company, and one of four major banking organizations in Australia and New Zealand, and Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD) and a provider of payment, credential management, and authentication platform services, have today announced an agreement to extend contactless payment capabilities to a ...
MELBOURNE, Florida, May 29, 2018 /PRNewswire/ --
Nxt-ID, Inc. (NASDAQ: NXTD) (the "Company") today announced the closing of a new $16 million senior secured term loan due 2023 (the "Term Loan") through Sagard Credit Partners LP ("SCP"). The Company will use the proceeds from the Term Loan to refinance its existing revolving loan facility and to pay for accrued interest and costs associated with the refinancing. In addition, the Term Loan proceeds will also provide ongoing working capital, fun...
New technology improves the security and operation of multiple IoT devices
MELBOURNE, Florida, May 23, 2018 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ: NXTD) today announced that the United States Patent and Trademark Office has issued US Patent Number 9,979,724, entitled "Distributed Method and System to Improve Collaboration Services Across Multiple Devices." The patent introduces the concept of collaborative services across multiple devices that may be used to utilize a common data or algor...
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