NXT-ID (NASDAQ: $NXTD) Subsidiary Fit Pay to Provide Payments for Bee by Radiius
Biometric Payment Key Fob Conveniently and Securely Stores 20 Credit, Debit and Loyalty Cards and Makes Contactless Payments at NFC-Enabled Retail Locations
MELBOURNE, Florida - September 19, 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 it is providing payment capabilities for, Bee, a new biometric payment key fob by financial technology company, Radiius.
Radiius officially launched Bee through an Indiegogo campaign this month. The payment key fob can conveniently and securely make contactless transactions with up to 20 payment and loyalty cards. Bee will be integrated with the FitPay[TM] payment platform, enabling it to make contactless payment transactions at NFC-enabled retail point-of-sale locations.
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About NXT-ID 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(R), 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 http://nxt-id.com/. FitPay and the FitPay Payment Platform are the sole property of Fit Pay, Inc. For NXT-ID Inc. corporate information contact: info@nxt-id.com
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