NXT-ID (Nasdaq: $NXTD) Subsidiary Fit Pay Approved as a Visa (NYSE: $V) Token Service Provider
Qualification allows for the Implementation of an End-to-End Payment Solution for Device Manufacturers
MELBOURNE, Florida, June 8, 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 its Token Service Provider (TSP) solution has been successfully integrated with the Visa (NYSE: $V) Token Service. Fit Pay is now qualified as a Visa TR-TSP partner through the Visa Ready Program.
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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.
About Fit Pay, Inc.
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 www.fit-pay.com, or onTwitter.
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