NXT-ID ( $NXTD) Subsidiary Fit Pay Named a 'Start-up of the Year' in Payments by Paybefore
MELBOURNE, Florida - May 30, 2017 - Fit Pay, Inc., a wholly-owned subsidiary of NXT-ID, Inc. (NASDAQ:NXTD) and provider of payment, credential management, and authentication platform services, has been recognized as a 'Start-up of the Year' in payments by industry publication Paybefore. The recognition was included in Paybefore's announcement of the winners of the 2017 Pay Awards-the most prestigious recognition of excellence in the global prepaid and payments technology industry. Panels of experts in Prepaid, Retail & Loyalty and Payments Technology selected the winners. (2017 Pay Awards announcement.)
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About NXT- ID Inc. - Mobile Security for a Mobile World
Nxt-ID, Inc. (NASDAQ:NXTD) is a security technology Company providing security for finance, assets, and healthcare. The Company's innovative MobileBio® solution mitigates risks associated with mobile computing, m-commerce, and smart OS-enabled devices. With extensive experience in biometric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, the Company partners with industry leading companies to provide solutions for modern payment and the Internet of Things ('IoT') applications. The Company's wholly-owned subsidiary, LogicMark, LLC, manufactures and distributes non-monitored and monitored personal emergency response systems ('PERS') sold through the United States Department of Veterans Affairs ('VA'), healthcare durable medical equipment dealers and distributors and monitored security dealers and distributors.
About Fit Pay, Inc.
Based in San Francisco, California, Fit Pay>, Inc. is led by former CyberSource and Visa executives with more than 50 years of payment and identity authentication domain expertise. With payment capabilities enabled by Fit Pay, wearable and IoT device manufacturers can create customer loyalty, tap into recurring revenue streams, open new markets, and differentiate their products in an increasingly competitive market. The company was named a "Startup of the Year" for payment technology by industry publication Paybefore. Learn more at http://www.fit-pay.com, or on Twitter.
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