Investorideas.com - NXT-ID, Inc. (NASDAQ: $NXTD) Equity Research Updates Following Update on Flip, its contactless payment device for #Bitcoin
NXT-ID, Inc. (NASDAQ: $NXTD) Equity Research Updates Following Update on Flip, its contactless payment device for #Bitcoin
Alliance Global Partners Reiterates Buy Rating and $5 Price Target; Maxim Reiterates Buy Rating, $4.00
http://www.investorideas.com/CO/NXT/news/2018/06282Flip-Bitcoin.asp
Thursday, June 28, 2018
#Tech News: Gopher Protocol (OTCQB: $GOPH) Has Laid Avant! AI Engine Infrastructure to Handle the GRC
#Tech News: Gopher Protocol
(OTCQB: $GOPH) Has Laid Avant! AI Engine Infrastructure to Handle the GRC
San
Diego, CA - June 28, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"),
a company specializing in the creation of Internet of Things (IoT) and
Artificial Intelligence enabled mobile technologies, is pleased to announce
that it has laid Avant! AI engine infrastructure to handle the GRC - (Gopher
Protocol Coin). As previously disclosed, Gopher's exclusive licensor filed a
non-provisional patent covering a proprietary GRC Blockchain-Based Radio
Generated Digital Currency as announced on June 19, 2018 - https://www.otcmarkets.com/stock/GOPH/news/Gopher-Protocols-Exclusive-Licensor-Files-Patent-Covering-Proprietary-GRC-Blockchain-Based-Radio-Generated-Digital-Curre?id=195811
Read this news in
full at http://www.investorideas.com/CO/GOPH/news/2018/06281Avant-AIEngine.asp
Gopher
has equipped its Avant! AI engine with the infrastructure for handling its GRC.
The GRC technology covered by Gopher's patent envisions a new, private, secured
digital currency that is encapsulated within Gopher's system to be used by
Gopher's customers and members. Gopher has now laid the infrastructure within
Avant! AI to securely create and secure the GRC. Gopher's GRC is envisioned as
a digital currency, created by our radio technology powered by the blockchain
system. To power Gopher's own blockchain, it is expected that each Gopher
device will have the capability to mine/confirm all transactions that take
place with the GRC, or communicate to dedicated mining machines each time a
coin is created and a transaction takes place. Avant! AI is the system's
manager to ensure secured, reliable production and handling of the GRC.
"GRC
is expected to be a highly advanced mechanism with each coin needed to be fully
secured with its transaction history for authenticity. Ultimately the coin has
to be reliable to be used within Gopher's system as well as outside of the
system. Only an advanced AI system is capable of handling a multitude of coins
with their related information packets.
We
are in process of developing Avant! AI to be the brain of this system. We
successfully laid the infrastructure for the GRC, which is only the first step.
During the next months, it is our goal to enable Avant! with the capability of
creating, securing and establishing the blockchain for this new type of digital
currency for the benefits of potential users. Avant! is considered Gopher's
"child" as we "teach" it to become more knowledgeable and
intelligent, handling our technology in wide variety of domains, blockchain
digital currency is a major one of them," provided Dr. Rittman, Gopher's
CTO.
No
assurance can be given that a definitive approval will be given to the proposed
patent, that Gopher will be able to fully develop the GRC, that Gopher's
products, which, in turn, will create the GRC, will be adopted and used, that
the GRC will be easily adopted or adopted at all by Gopher's customers, that
Gopher will be able to raise the requisite capital needed to fully develop the
GRC or that Avant! will be able to manage the GRC system. Gopher intends to
fully comply with all legal requirements associated with the GRC and does not
intend to implement the GRC in the United States unless all regulators have
approved its implementation in the United States or there is an applicable
exemption.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a
development-stage company which consider itself Native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.
Gopher has a portfolio of Intellectual Property that when commercialized
will include smart microchips, mobile application software and supporting cloud
software. The system contemplates the
creation of a global network. The core
of the system will be its advanced microchip technology that can be installed
in any mobile device worldwide. Gopher envisions this system as an internal,
private network between all enabled mobile devices providing shared processing,
advanced mobile database management/sharing and enhanced mobile features.
The Guardian Pet Tracker
(Sphere Internal name - the "Sphere") system is a derivative
technology of Gopher's Guardian Patch technology. The Sphere is designed to
provide its users with local tracking capability using a re-chargeable/replaceable
battery source. Gopher intends to release pre-production units in limited test
in the near future.
Forward-Looking
Statements
Certain statements contained in this press release may
constitute "forward-looking statements". Forward-looking
statements provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to any
historical or current fact. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various important
factors as disclosed in our filings with the Securities and Exchange Commission
located at their website (http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy changes, the
Company’s ability to raise capital on acceptable terms, if at all, the
Company’s successful development of its products and the integration into its
existing products and the commercial acceptance of the Company’s
products. The forward-looking statements included in this press release
represent the Company's views as of the date of this press release and these
views could change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of the press release.
Contact:
Dr. Danny Rittman, CTO
Gopher Protocol Inc.
VM Only 888-685-7336
Gopher Protocol Inc.
VM Only 888-685-7336
Source: Gopher Protocol Inc,
Gopher Protocol,
Inc. (OTCQB:GOPH) is a featured tech stock on
This news is
published on the Investorideas.com Newswire - a global digital news source for
investors and business leaders
Disclaimer/Disclosure:
Investorideas.com is a digital publisher of third party sourced news, articles
and equity research as well as creates original content, including video,
interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investment involves risk and possible loss of
investment. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Contact
each company directly regarding content and press release questions. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Disclosure: GOPH is a PR, social media and
publishing client and compensates Investorideas.com (effective April 4, 2016 - three thousand
five hundred per month) Amended February 2018 five thousand per month. More
disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional
info regarding BC Residents and global Investors: Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies for
adherence in new disclosure filings and filing appropriate documents with
Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors
must adhere to regulations of each country.
Wednesday, June 27, 2018
#Tech News: Gopher Protocol (OTCQB: $GOPH) Completes Avant! AI Web Based User Interface Prototype
#Tech News: Gopher Protocol
(OTCQB: $GOPH) Completes Avant! AI Web Based User Interface Prototype
San
Diego, CA - June 27, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"),
a company specializing in the creation of Internet of Things (IoT) and
Artificial Intelligence enabled mobile technologies, is pleased to announce
that it completed Avant! AI web based User Interface prototype.
Read this news in
full at http://www.investorideas.com/CO/GOPH/news/2018/06271Avant.asp
The
web based user interface will enable public access to Avant! AI for general
purposes, advice and information. The web based system is fully completed and
expected to be officially released within the next month. It is connected to
Avant! via internal and external APIs (Application Programming Interface) and
provides a user friendly and simple for use access. Avant! interface will start
as an API based entity. It is Gopher’s intent to switch to its cognitive system
over time with the goal to become a full, independent machine learning expert
system. The system's initial official release is planned for July 30, 2018.
"We
will enable public access to Avant! AI in order to demonstrate its capabilities
and potential as an expert system. The full scope of work on Avant! AI is
planned to be fully completed during the second half of 2019 with the goal of
having it operate at that time as a fully cognitive, independent system. Avant!
is initially targeted to be used as an information resource relating to
Gopher's technology, general information and even for fun.
We
plan to continue developing Avant! as an on-going project in order to prepare
it for its ultimate future missions including the control of autonomous
systems, MESH and database management as well as overall control of Gopher's
microchip technology. Avant! AI is starting as an API based system and we
intend to connect its cognitive modules over time, with the goal of making it a
true deep learning, independent system," stated Dr. Rittman, Gopher’s CTO.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a
development-stage company which consider itself Native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.
Gopher has a portfolio of Intellectual Property that when commercialized
will include smart microchips, mobile application software and supporting cloud
software. The system contemplates the
creation of a global network. The core
of the system will be its advanced microchip technology that can be installed
in any mobile device worldwide. Gopher envisions this system as an internal,
private network between all enabled mobile devices providing shared processing,
advanced mobile database management/sharing and enhanced mobile features.
The Guardian Pet Tracker
(Sphere Internal name - the "Sphere") system is a derivative
technology of Gopher's Guardian Patch technology. The Sphere is designed to
provide its users with local tracking capability using a
re-chargeable/replaceable battery source. Gopher intends to release
pre-production units in limited test in the near future.
Forward-Looking
Statements
Certain statements contained in this press release may
constitute "forward-looking statements". Forward-looking
statements provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to any
historical or current fact. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various important
factors as disclosed in our filings with the Securities and Exchange Commission
located at their website (http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy changes, the
Company’s ability to raise capital on acceptable terms, if at all, the
Company’s successful development of its products and the integration into its
existing products and the commercial acceptance of the Company’s
products. The forward-looking statements included in this press release
represent the Company's views as of the date of this press release and these
views could change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of the press release.
Contact:
Dr. Danny Rittman, CTO
Gopher Protocol Inc.
VM Only 888-685-7336
Gopher Protocol Inc.
VM Only 888-685-7336
Source: Gopher Protocol Inc,
Gopher Protocol,
Inc. (OTCQB:GOPH) is a featured tech stock on
This news is
published on the Investorideas.com Newswire - a global digital news source for
investors and business leaders
Disclaimer/Disclosure:
Investorideas.com is a digital publisher of third party sourced news, articles
and equity research as well as creates original content, including video,
interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investment involves risk and possible loss of
investment. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Contact
each company directly regarding content and press release questions. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Disclosure: GOPH is a PR, social media and
publishing client and compensates Investorideas.com (effective April 4, 2016 - three thousand
five hundred per month) Amended February 2018 five thousand per month. More
disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional
info regarding BC Residents and global Investors: Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies for
adherence in new disclosure filings and filing appropriate documents with
Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors
must adhere to regulations of each country.
Tuesday, June 26, 2018
#Tech News: Gopher Protocol (OTCQB: $GOPH) Continues Integration of ECS Software Platform
#Tech News: Gopher Protocol
(OTCQB: $GOPH) Continues Integration of ECS Software Platform
With Continued
Growth ECS Generated Gross Revenue in Excess of $24 million Year to Date in
2018
SANTA
MONICA, CA - June 26, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH)
("Gopher"), a company specializing in the creation of Internet of
Things (IoT) and Artificial Intelligence enabled mobile technologies, is
pleased to announce that its recent acquisitions, which now comprise its
fintech division, led by ECS, have been fully integrated.
ECS,
since the beginning of 2018 (cumulative through last week) did 2,274,195
transactions from 21,729 terminals of which 1,399,975 were billable amounting
to gross revenue of $24,863,692 (unaudited).
Looking
at the comparable 90 day period in 2017, ECS Prepaid had $7.5 million
(unaudited) in revenue while processing 813,000 transactions over an average of
5,300 locations. ECS Prepaid's revenue for the 90 days just prior to being
acquired by Gopher was $8.5 million (unaudited) while processing 859,400
transactions. For the 90 day period post acquisition by Gopher, ECS Prepaid's
revenue was $13.3 million (unaudited) while processing over 1.1 million
transactions, resulting in an increase in revenue of 77% over the comparable
period in 2017. Gopher intends to continue this pattern with recent agreements
for processing alignments, the addition of AT&T SIM Activation program, and
increased product margins on existing core products.
"ECS
Prepaid would be able to operate the ‘UGO doors' with little impact to our
current work flow with the addition of one new employee in the Springfield's
office for technical support" said Derron Winfrey, Gopher's COO. "The
UGO platform, which used third parties for processing transactions, will now
use the ECS platform reducing ACH transaction costs from $0.14 to $0.02, which
is expected to increase our profit margins" added Kevin Pickard, Gopher's
CFO.
As
a reminder on March 16, 2018, Gopher entered into and closed an Asset Purchase
Agreement dated March 1, 2018 (the "ECS Purchase Agreement") with ECS
Prepaid LLC ("ECS"), a Missouri limited liability company, pursuant
to which the Company purchased certain assets from ECS, including, but not
limited to, the processing prepaid platform, servers, POS terminals, customer
list, a processing software program and goodwill - https://www.sec.gov/Archives/edgar/data/1471781/000161577418004520/s110476_8ka.htm
As
required by law, the Company filed two years audited financials of said
Platform - https://www.sec.gov/Archives/edgar/data/1471781/000161577418004520/s110476_ex99-1.htm as well as
Pro-Forma consolidated financials - https://www.sec.gov/Archives/edgar/data/1471781/000161577418004520/s110476_ex99-2.htm
About ECS Prepaid LLC.
Formed
in 2008, ECS Prepaid LLC. (www.ecsprepaid.com) was started and
fueled by the desire to create a Prepaid Wireless distribution model built to
cater to Independent Sales Organizations servicing the gas station, convenience
store market. ECS Prepaid is a two time "INC 500 Fastest Growing
Companies" in the US, with a high ranking of 64th.
Starting
with just a few hundred direct retail locations, ECS Prepaid quickly grew its
customer base by providing one of the most comprehensive terminal solution
available. Today ECS Prepaid supports over 100 independent agents while
powering roughly 9,000 retail locations across the United States.
The
ECS Prepaid software platform provides the ability to bring a variety of
services to even the smallest retailer. Products currently available include:
Prepaid Wireless, SIM Activations, International Top Up, Private Label Gift
Cards, Electronic Check Processing, Customer Loyalty and Rewards programs.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a
development-stage company which consider itself Native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.
Gopher has a portfolio of Intellectual Property that when commercialized
will include smart microchips, mobile application software and supporting cloud
software. The system contemplates the
creation of a global network. The core
of the system will be its advanced microchip technology that can be installed
in any mobile device worldwide. Gopher envisions this system as an internal,
private network between all enabled mobile devices providing shared processing,
advanced mobile database management/sharing and enhanced mobile features.
The Guardian Pet Tracker
(Sphere Internal name - the "Sphere") system is a derivative
technology of Gopher's Guardian Patch technology. The Sphere is designed to
provide its users with local tracking capability using a re-chargeable/replaceable
battery source. Gopher intends to release pre-production units in limited test
in the near future.
Forward-Looking
Statements
Certain statements contained in this press release may
constitute "forward-looking statements". Forward-looking
statements provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to any
historical or current fact. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various important
factors as disclosed in our filings with the Securities and Exchange Commission
located at their website (http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy changes, the
Company’s ability to raise capital on acceptable terms, if at all, the
Company’s successful development of its products and the integration into its
existing products and the commercial acceptance of the Company’s
products. The forward-looking statements included in this press release
represent the Company's views as of the date of this press release and these
views could change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of the press release.
Contact:
Kevin Pickard, CFO
Gopher Protocol Inc.
VM Only 888-685-7336
Gopher Protocol Inc.
VM Only 888-685-7336
Source: Gopher Protocol Inc,
Gopher Protocol,
Inc. (OTCQB:GOPH) is a featured tech stock on
This news is
published on the Investorideas.com Newswire - a global digital news source for
investors and business leaders
Disclaimer/Disclosure:
Investorideas.com is a digital publisher of third party sourced news, articles
and equity research as well as creates original content, including video,
interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investment involves risk and possible loss of
investment. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Contact
each company directly regarding content and press release questions. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Disclosure: GOPH is a PR, social media and
publishing client and compensates Investorideas.com (effective April 4, 2016 - three thousand
five hundred per month) Amended February 2018 five thousand per month. More
disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional
info regarding BC Residents and global Investors: Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies for
adherence in new disclosure filings and filing appropriate documents with
Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors
must adhere to regulations of each country.
Thursday, June 21, 2018
Investorideas.com - COO of NXT-ID (Nasdaq: $NXTD) and President of Fit Pay, Inc. Talks about Recent Developments with Payment Platform; Garmin ($GRMN), Chase, Westpac and #Cryptocurrency
Investorideas.com - COO of NXT-ID (Nasdaq: $NXTD) and President of Fit Pay, Inc. Talks about Recent Developments with Payment Platform; Garmin ($GRMN), Chase, Westpac and #Cryptocurrency
Investorideas.com, a leader tech and
fintech investor news issues an exclusive podcast interview with Michael
Orlando, COO of NXT-ID (Nasdaq:NXTD) and President of Fit
Pay, Inc.
fintech investor news issues an exclusive podcast interview with Michael
Orlando, COO of NXT-ID (Nasdaq:NXTD) and President of Fit
Pay, Inc.
Listen
to the podcast:
http://www.investorideas.com/Audio/Podcasts/2018/062018-NASDAQNXT-FitPay.mp3
to the podcast:
#Tech News: Gopher Protocol (OTCQB: $GOPH) MESH System Successfully Passes Hardware Testing
#Tech
News: Gopher Protocol (OTCQB: $GOPH) MESH System Successfully Passes Hardware
Testing
San
Diego, CA - June 21, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB:
GOPH)
("Gopher"), a company specializing in the creation of Internet of
Things (IoT) and Artificial Intelligence enabled mobile technologies, is
pleased to announce that it has successfully performed its MESH system hardware
testing. Based on Gopher’s MESH network design architecture, the system's
hardware (electronic evaluation boards) was built and tested in various
configurations/conditions of messages/transmissions between the system
components. A series of test messages/transmissions were completed and allowing
Gopher to determine the success percentage and overall system's performance.
Transmissions were sent between single/multiple node(s) and a gateway in order
to test the system simulation results.
"Our
MESH network hardware operated efficiently as designed and we were very pleased
from the results," stated Danny Rittman, Gopher's CTO. "We built the
system's hardware and tested node to gateway and multiple nodes to gateway
messages. Based on the results, we were able to extrapolate up to few hundreds
of nodes network efficiency and determine viable coverage areas. Even in worse
case scenarios, we were able to calculate ranges and coverage. For example, an
extrapolation example of 100 nodes, with worse case scenario of one mile
coverage per node, a distance of 100 miles was covered successfully. In another
extrapolation example of network of 100x100 nodes, an area of 10,000 sq./miles
would be successfully covered. Work is continuing on the embedded firmware code
and hardware to create larger physical hardware network to conduct further
testing and assessments and we are very pleased with the results," continued
Dr. Rittman.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a
development-stage company which consider itself Native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.
Gopher has a portfolio of Intellectual Property that when commercialized
will include smart microchips, mobile application software and supporting cloud
software. The system contemplates the
creation of a global network. The core
of the system will be its advanced microchip technology that can be installed
in any mobile device worldwide. Gopher envisions this system as an internal,
private network between all enabled mobile devices providing shared processing,
advanced mobile database management/sharing and enhanced mobile features.
The Guardian Pet Tracker
(Sphere Internal name - the "Sphere") system is a derivative
technology of Gopher's Guardian Patch technology. The Sphere is designed to
provide its users with local tracking capability using a re-chargeable/replaceable
battery source. Gopher intends to release pre-production units in limited test
in the near future.
Forward-Looking
Statements
Certain statements contained in this press release may
constitute "forward-looking statements". Forward-looking
statements provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to any
historical or current fact. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various important
factors as disclosed in our filings with the Securities and Exchange Commission
located at their website (http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy changes, the
Company’s ability to raise capital on acceptable terms, if at all, the
Company’s successful development of its products and the integration into its
existing products and the commercial acceptance of the Company’s
products. The forward-looking statements included in this press release
represent the Company's views as of the date of this press release and these
views could change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of the press release.
Contact:
Dr. Danny Rittman, CTO
Gopher Protocol Inc.
VM Only 888-685-7336
Gopher Protocol Inc.
VM Only 888-685-7336
Source: Gopher Protocol Inc,
Gopher Protocol,
Inc. (OTCQB:GOPH) is a featured tech stock on
This news is
published on the Investorideas.com Newswire - a global digital news source for
investors and business leaders
Disclaimer/Disclosure:
Investorideas.com is a digital publisher of third party sourced news, articles
and equity research as well as creates original content, including video,
interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investment involves risk and possible loss of
investment. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Contact
each company directly regarding content and press release questions. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Disclosure: GOPH is a PR, social media and
publishing client and compensates Investorideas.com (effective April 4, 2016 - three thousand
five hundred per month) Amended February 2018 five thousand per month. More
disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional
info regarding BC Residents and global Investors: Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies for
adherence in new disclosure filings and filing appropriate documents with
Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors
must adhere to regulations of each country.
Wednesday, June 20, 2018
#Tech News: Westpac and NXT-ID (NASDAQ: $NXTD) Subsidiary #FitPay to Extend #ContactlessPayments to Devices
#Tech News: Westpac and
NXT-ID (NASDAQ: $NXTD) Subsidiary #FitPay to Extend #ContactlessPayments to
Devices
#GarminPay™ first to launch with new payment
options for Westpac customers
MELBOURNE,
Florida - June 20, 2018 (Investorideas.com Newswire) 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 range of new devices, including the latest smartwatches from
Garmin International, Inc. (GRMN).
The
Agreement enables Westpac customers 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 FitPay'sTM Trusted Token
ManagerTM.
Read this news in
full at http://www.investorideas.com/CO/NXT/news/2018/06201FitPay.asp
Under
the agreement, Westpac 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 token management solution. 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
FitPay Trusted Token Manager provides contactless payment capabilities and full
digital wallet functionality to a variety of IoT and wearable devices. The
Platform powers the Garmin Pay™ capability on several recently launched
smartwatches by Garmin. Garmin Pay is currently enabled on the vívoactive® 3,
the vívoactive 3 Music, the Forerunner® 645, the Forerunner 645 Music, and the
fēnix® 5 Plus series.
"Westpac
has a long tradition of using technology to make its customers lives
easier," said Michael Orlando, COO of NXT-ID and President of Fit Pay,
Inc. "Extending payments to more devices gives Westpac customers greater
flexibility in how they pay and helps fit how they pay more seamlessly into how
they live."
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 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 and 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. For NXT-ID
Inc. corporate information contact: info@nxt-id.com
FitPay and the FitPay Payment Platform are the sole property 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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