MELBOURNE, Florida,
October 3, 2017 /PRNewswire/ --
Michael
Orlando, COO of NXT-ID, Inc. (NASDAQ: NXTD) and president of
Fit Pay, Inc. will be a Plenary Featured Speaker at the IoT
Payments 2017, an industry event hosted by the Secure Technology
Alliance that explores the evolving world of Internet of Things
(IoT) payments.
IoT Payments 2017, which takes place October 10-11, 2017 at the Hyatt Regency in
Austin, Texas, will bring together
experts from both the IoT and payments communities to discuss the
most important developments, innovations and efforts driving
secure, seamless IoT payments. The event is organized by the Secure
Technology Alliance (formerly the Smart Card Alliance), a
not-for-profit, multi-industry association working to stimulate the
understanding, adoption and widespread application of secure
solutions, including smart cards, embedded chip technology,
and related hardware and software. Orlando's featured presentation,
entitled 'Connected Commerce: The Internet of Payments', will cover
IoT payments business models, use cases and adoption trends.
Orlando is COO of NXT-ID and president of Fit Pay, Inc. With 22
years of payment industry experience, he has held leadership
positions in several successful companies, including Cybersource,
where he played a primary role in its $2B acquisition by Visa. In 2014, Orlando
Co-founded Fit Pay, which provides an end-to-end contactless
payment solution for IoT devices. In May
2017, Fit Pay combined businesses with NXT-ID, and is now a
wholly-owned subsidiary of the IoT and security technology
company.
The FitPay Payment PlatformTM is a proprietary
technology platform that delivers payment, credential management,
authentication and other secure services to the IoT ecosystem. 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
payment and authentication services. FitPay leverages Embedded
Secure Element (eSE) chip technology within devices to offer a
payment solution that is very power and memory efficient and does
not need to refresh a token once it is issued. This frees devices
from needing to be tethered to a host device or connected to the
Internet to transact payments, creating a superior user experience.
FitPay's end-to-end payment solution allows IoT and wearable device
manufacturers to add payment and authentication capabilities to
their products with very little start-up time, no investment in
software development and access to the leading credit card
networks.
About 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
Wocketâ„¢, 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. 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.
NXT-ID Inc. Contact:
Corporate info: info@nxt-id.com
Media:
Chris Orlando
chris.orlando@nxt-id.com
D. Van Zant
+1-800-665-0411
press@nxt-id.com
SOURCE NXT-ID, Inc.