Shares of NXT-ID, Inc. (NASDAQ: NXTD) are 6% higher mid-day on news that the company’s wholly-owned subsidiary, Fit Pay, Inc., will offer prepaid capabilities on wearable devices connected to the Fit Pay Payment Platform. ‘The FitPay Prepaid MasterCard®’ will store funds directly on user’s contactless payment-enabled device, and a digital wallet will allow the user to re-load the account, set top-off thresholds and manage the account settings. The FitPay Prepaid MasterCard® option will be available to device OEMs that integrate their products with the Fit Pay platform. “Adding reloadable prepaid capabilities is a new feature for devices on our platform and makes our payment enablement services available on a wider range of form factors,” president of Fit Pay, Inc. and COO of NXT-ID, Michael Orlando, stated in the news release.
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About NXT- ID, Inc.
NXT-ID, Inc. 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 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.
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