SEBASTIAN, Florida,
January 16, 2019 /PRNewswire/ --
Fit Pay, Inc., a wholly owned
subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), today announced the
expansion of Garmin PayTM, a contactless payment
solution, to the 11th smartwatch from Garmin
International, Inc. The new smartwatch, the vívoactive 3 Music with
LTE connectivity, launched in conjunction with the Consumer
Electronics Show in Las Vegas,
Nevada on January 7, 2019. The
Garmin Pay contactless payment feature and digital wallet, which is
powered by FitPay, enables consumers to make highly secure
contactless payments at millions of near field communication
enabled (NFC) point-of-sale (POS) terminals worldwide.
"We introduced Garmin Pay in 2017 with the launch of the
vívoactive 3, and we are pleased with how this feature has expanded
to encompass additional product lines, including smartwatches built
for athletes, adventure seekers, pilots and more," said
Dan Bartel, Garmin vice president of
global consumer sales. "Garmin Pay provides our customers with the
flexibility to pay with their wrist, and as we move forward, we
know that even more Garmin customers will have the opportunity to
experience this great feature."
"Garmin is again breaking new ground in the smartwatch category
with a triple-threat device that offers LTE, music and payment
capabilities," said Michael Orlando,
NXT-ID COO and Fit Pay president. "We are proud to collaborate with
a company that has shown such a commitment to enhancing their
users' payment experience across such a wide variety of device
offerings."
Garmin Pay allows Garmin users to make contactless payments free
from having their phone or wallet present. The payment feature
includes a digital wallet, which is integrated into the Garmin
Connect™ user application. In addition to the vívoactive 3
Music with LTE connectivity, Garmin Pay is also available on other
smartwatches by Garmin including the D2™ Delta S, D2 Delta, D2
Delta PX, fēnix® 5S Plus, fēnix 5 Plus, fēnix 5X
Plus, Forerunner® 645, Forerunner 645 Music,
vívoactive 3 and vívoactive 3 Music.
"In addition to the extension of Garmin Pay to a diverse
portfolio of devices, we have also seen tremendous adoption
globally among bank and credit account issuers," said Orlando. "The
worldwide network of banks and issuers supporting Garmin Pay
continually expands, driving new digital wallet activations by
Garmin users."
Since the Garmin Pay feature was launched in November 2017, the card network and issuing bank
support for the service has grown to include the major card
networks and more than 260 banks in 30 countries on four continents
worldwide. Garmin Pay was the first device-based contactless
payment service to enter the German market and was recently added
by banks in the United Arab
Emirates and Mexico.
Garmin Pay is powered by the FitPay Token Requester Management
Platform, 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.
View the complete list of issuing banks, payment networks and
countries supporting Garmin Pay at Garmin.com/garminpay/banks .
About Garmin International Inc.
For decades, Garmin has pioneered new GPS navigation and
wireless devices and applications that are designed for people who
live an active lifestyle. Garmin serves five primary business
markets, including automotive, aviation, fitness, marine, and
outdoor recreation. For more information, visit Garmin's virtual
pressroom at garmin.com/newsroom, contact the Media Relations
department at 913-397-8200, or follow us at facebook.com/garmin,
twitter.com/garmin, instagram.com/garmin, or
youtube.com/garmin.
Garmin International, Inc., is a subsidiary of Garmin Ltd.
(Nasdaq:GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries
are located in the United States,
Taiwan, and the United Kingdom. Garmin, fēnix, Forerunner and
vívoactive are registered trademarks and Garmin Pay, Garmin Connect
and D2 are trademarks of Garmin Ltd. or its subsidiaries. All other
brands, product names, company names, trademarks and service marks
are the properties of their respective owners. All rights
reserved.
Notice on Forward-Looking Statements for
Garmin:
This release includes forward-looking statements regarding
Garmin Ltd. and its business. Such statements are based on
management's current expectations. The forward-looking events
and circumstances discussed in this release may not occur and
actual results could differ materially as a result of known and
unknown risk factors and uncertainties affecting Garmin, including,
but not limited to, the risk factors listed in the Annual Report on
Form 10-K for the year ended December 30,
2017, filed by Garmin with the Securities and Exchange
Commission (Commission file number 0-31983). A copy of such
Form 10-K is available at
http://www.garmin.com/aboutGarmin/invRelations/finReports.html
. No forward-looking statement can be
guaranteed. Forward-looking statements speak only as of the
date on which they are made and Garmin undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
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
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://www.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
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:
Garmin International Inc.
Stephanie Schultz
+1-913-397-8200
media.relations@garmin.com
Fit Pay, Inc.
Chris Orlando
chris@fit-pay.com
+1-760-468-7273
SOURCE NXT-ID, Inc.