ANZ and NXT-ID (
$NXTD) 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
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
1.760.468.7273
D. Van Zant
1.800.665.0411
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