Breaking #Payment News: Bank of
America (NYSE: $BAC) and NXT-ID (Nasdaq: $NXTD) Subsidiary Fit Pay Collaborate
to Accelerate Wearable and IoT Payment Adoption
Agreement will enable Bank of America
customers to use their debit or credit cards with a range of new devices
MELBOURNE, Florida,
September 7, 2017 – (Investorideas.com
Newswire) Bank of America (NYSE: BAC) and Fit Pay, Inc., a wholly owned subsidiary
of NXT-ID, Inc. (NASDAQ: NXTD), today announced an agreement to extend
contactless payment capabilities to a range of new devices, giving Bank of
America customers more payment options and accelerating the adoption of new
payment devices. This collaborative effort enables Bank of America customers to
use their credit or debit cards to make secure contactless payments directly
from devices that are integrated with the FitPayTM payment platform
at NFC-enabled point-of-sale locations and more than 9,000 Bank of America
ATMs.
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 www.nxt-id.com.
NXT-ID
Inc. Corporate Contact: info@nxt-id.com. FitPay
and the FitPay Payment Platform are trademarks of Fit Pay, Inc.
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