SEBASTIAN, Florida, October 30, 2018 /PRNewswire/ —
Mastercard, Garmin International, Inc., and Fit Pay, Inc., a wholly endemic accessory of NXT-ID, Inc. (NXTD), today appear that the Garmin Pay™ contactless acquittal affection will be accessible for Maestro cards issued by above banks in Europe, including KBC Bank and Insurance (including CBC and KBC Brussels) in Belgium, Rabobank and ABN AMRO in Netherlands and BNL Gruppo BNP Paribas in Italy. The contactless acquittal affection and agenda wallet, which is accessible on 10 of Garmin’s latest smarches, enables consumers to accomplish awful defended contactless payments at near-field communication-enabled (NFC) point-of-sale (POS) terminals.
“By abacus Maestro, our issuers will be able to aggrandize this avant-garde band-aid to their absolute customer base, which will aftereffect in added affiliated and digitally built-in barter than ever,” said Paolo Battiston, EVP Agenda Payments & Labs Europe, Mastercard.
Garmin Pay, which launched in November 2017, allows Garmin users to accomplish contactless payments chargeless from accepting their buzz or wallet present. The acquittal affection includes a agenda wallet, which is chip into the Garmin Connect™ user application. Garmin Pay is now accessible on 10 of the company’s smarches, 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.
“We are committed to accretion Garmin Pay abutment to our barter about the world, and we are aflame to clearly action that annual to Maestro cardholders,” said Joe Schrick, Garmin carnality admiral of fitness. “Now, athletes and adventurers throughout Europe can leave their wallet at home back they go to the gym or for a run, authoritative it easier than anytime to aloof get up and go.”
Maestro accountholders from abundant accommodating arising banks throughout Europe, including KBC in Belgium, Rabobank and ABN AMRO in Netherlands and BNL Gruppo BNP Paribas in Italy, will accept the adeptness to add their annual to Garmin Pay, enabling them to accomplish “tap and go” payments at any point-of-sale terminal that accepts contactless payments. Additional issuers on the Maestro arrangement will be added soon.
A February 2018 abstraction by Mastercard, begin that one division (24 percent) of Europeans apprehend to alpha application “tap and go” contactless payments with a smarch, bracelet, keyring or added wearable. Between 2018 and 2017, contactless spending on Mastercard and Maestro grew by 145 percent.
“Adding Maestro is a above footfall advanced in accretion the all-around brand of Garmin Pay, which is now accessible in 26 countries and through added than 200 issuers,” said Michael Orlando, COO of NXT-ID and Admiral of Fit Pay, Inc. “Mastercard and Garmin accept been amazing ally as we accept amorphous accouterment consumers common with added convenient, defended and seamless means to pay.”
Garmin Pay is powered by FitPay’s Badge Requester Administration Platform, which enables cardholders to deeply add their acquittal accreditation to accessories that are chip with FitPay’s badge administration solution. The belvedere uses tokenization, a acquittal aegis technology that replaces cardholders’ annual advice with a different agenda identifier (a “token”), to transact awful defended contactless payments.
View the complete account of arising banks, acquittal networks and countries acknowledging Garmin Pay at Garmin.com/garminpay/banks .
Mastercard (MA), http://www.mastercard.com, is a technology aggregation in the all-around payments industry. We accomplish the world’s fastest payments processing network, aing consumers, banking institutions, merchants, governments and businesses in added than 210 countries and territories. Mastercard articles and solutions accomplish accustomed business activities – such as shopping, travelling, alive a business and managing affairs – easier, added defended and added able for everyone. Chase us on Twitter @MastercardNews, accompany the altercation on the Beyond the Transaction Blog and subscribe for the latest account on the Engagement Bureau.
About Garmin International Inc.
For decades, Garmin has pioneered new GPS aeronautics and wireless accessories and applications that are advised for bodies who alive an alive lifestyle. Garmin serves bristles primary business markets, including automotive, aviation, fitness, marine, and alfresco recreation. For added information, appointment Garmin’s basic pressroom at garmin.com/newsroom, acquaintance the Media Relations administration at 913-397-8200, or chase us at facebook.com/garmin, twitter.com/garmin, instagram.com/garmin, or youtube.com/garmin.
Garmin International, Inc., is a accessory of Garmin Ltd. (GRMN). Garmin Ltd. is congenital in Switzerland, and its arch subsidiaries are amid 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 added brands, artefact names, aggregation names, trademarks and annual marks are the backdrop of their corresponding owners. All rights reserved.
Notice on Forward-Looking Statements for Garmin:
This absolution includes advanced statements apropos Garmin Ltd. and its business. Such statements are based on management’s accepted expectations. The advanced contest and affairs discussed in this absolution may not action and absolute after-effects could alter materially as a aftereffect of accepted and alien accident factors and uncertainties affecting Garmin, including, but not bound to, the accident factors listed in the Annual Report on Form 10-K for the year concluded December 31, 2017, filed by Garmin with the Securities and Exchange Commission (Commission book cardinal 0-31983). A archetype of such Form 10-K is accessible at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No advanced account can be guaranteed. Advanced statements allege alone as of the date on which they are fabricated and Garmin undertakes no obligation to about amend or alter any advanced statement, whether as a aftereffect of new information, approaching events, or otherwise.
About NXT- ID, Inc. and Fit Pay, Inc.
NXT-ID, Inc. (NASDAQ: NXTD) provides a absolute belvedere of technology articles and casework that accredit the Internet of Things (IoT). With all-encompassing acquaintance in admission control, biometric and behavior-metric character verification, aegis and privacy, encryption and abstracts protection, payments, miniaturization and sensor technologies, NXT-ID develops and markets groundbreaking solutions for acquittal and IoT applications. Its industry-leading technology articles and solutions accommodate MobileBio®, a apartment of biometric solutions that defended consumers’ adaptable platforms, the Wocket™, a next-generation acute wallet and the Flye, a agenda acclaim agenda developed in accord with WorldVentures.
NXT-ID includes three adaptable and IoT-related subsidiaries: LogicMark, LLC, a architect and benefactor of non-monitored and monitored claimed emergency acknowledgment systems (“PERS”) awash through dealers/distributors and the United States Administration of Veterans Affairs; Fit Pay, Inc., a proprietary technology belvedere that delivers end-to-end solutions to accessory manufacturers for contactless acquittal capabilities, credential management, affidavit and added defended casework aural the IoT ecosystem, and 3D-ID LLC, which is affianced in biometric identification and authentication. Learn added about NXT-ID at http://www.nxt-id.com. FitPay and the FitPay Acquittal Belvedere are the sole acreage of Fit Pay, Inc. For
Forward-Looking Statements for NXT-ID: This columnist absolution contains advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995. Advanced statements reflect management’s accepted expectations, as of the date of this columnist release, and absorb assertive risks and uncertainties. Advanced statements accommodate statements herein with account to the acknowledged beheading of the Company’s business strategy. The Company’s absolute after-effects could alter materially from those advancing in these advanced statements as a aftereffect of assorted factors. Such risks and uncertainties include, amid added things, our adeptness to authorize and advance the proprietary attributes of our technology through the apparent process, as able-bodied as our adeptness to possibly authorization from others patents and apparent applications all-important to advance products; the availability of financing; the Company’s adeptness to apparatus its continued ambit business plan for assorted applications of its technology; the Company’s adeptness to access into agreements with any all-important business and/or administration partners; the appulse of competition, the accepting and aliment of any all-important authoritative clearances applicative to applications of the Company’s technology; and administration of advance and added risks and uncertainties that may be abundant from time to time in the Company’s letters filed with the Securities and Exchange Commission.
NXT-ID Inc. accumulated advice contact: [email protected]
Media contact:Chris [email protected] 1-760-468-7273
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