Tuesday , January 22, 2019

Search Results for: nxt-id

Nxt-ID To Spin Off Payments Business and other Digital Transactions News briefs from 9/21/18

Nxt-ID Inc. announced it will spin off its payments, authentication, and credential-management assets, including its FitPay unit, into a separate and independent company. It expects to complete the transaction by Nov. 15. Michael Orlando, currently chief operating officer at Nxt-ID and president of FitPay, will become chief executive of the …

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NFC Specialist NXT-ID Reports an Encouraging 2017 And Promises More Products for 2018

NXT-ID Inc., a provider of authentication and contactless-payment technology, reported on Monday that its revenue tripled last year compared to 2016 while its adjusted earnings before interest, depreciation, taxes, and amortization swung positive. The Melbourne, Fla.-based company is best-known in the payments market for its Fit Pay Inc. unit, which …

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Square Launches Card for Merchants and other Digital Transactions News briefs from 1/18/19

Square Inc. introduced its Square Card for its merchants, a Mastercard-branded business prepaid card issued by Sutton Bank that makes funds in the seller’s Square account available instantly for purchases. Holders of the no-fee dual-interface card get a 2.75% discount when they make purchases at other Square sellers’ locations. Fit …

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TD Ameritrade Enables Apple Pay Deposits and other Digital Transactions News briefs from 1/15/19

TD Ameritrade announced individual investors can instantly fund a brokerage account using Apple Pay through Apple Business Chat. The capability means investors can use a debit card to deposit up to $10,000 per day via Apple Pay, though the limit may vary by bank. The service is much quicker than …

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Fit Pay’s Bitcoin-Connected Flip Device for POS Transactions Starts Shipping Next Month

Fit Pay Inc. announced on Friday it will begin shipping its Bitcoin-based contactless device, Flip, on Feb. 13. The coin-shaped token sells to consumers for $29 and allows them to convert their Bitcoin holdings to U.S. dollars and then spend the money at stores equipped with contactless point-of-sale terminals. The …

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PayJunction’s Integration with RetailOps and other Digital Transactions News briefs from 12/17/18

Technology provider Nxt-ID Inc. said its planned spinoff of its payment assets into an independent, publicly traded company has been delayed until the first quarter of 2019 owing to the company’s inability to come to terms with its primary lender, which holds security interests in the assets targeted for the …

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ControlScan Acquires Dunbar Cybersecurity and other Digital Transactions News briefs from 10/18/18

Data-security provider ControlScan Inc. acquired Dunbar Cybersecurity, a move that will strengthen ControlScan’s threat-detection and response capabilities, the company said. Terms were not disclosed. Mastercard Inc. said beginning in April 2019 cardholder signatures on the back panel of its cards will be optional. It no longer will require issuers to …

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Eye on Crypto: Fit Pay Readies Its Flip; Expedia Cancels Bitcoin; Lightning’s Woes; Facebook’s About-Face

It has been a busy week in the cryptocurrency business. On Thursday, technology vendor Fit Pay Inc. announced it is closer to shipping a contactless coin-shaped device called Flip that allows consumers to convert their Bitcoin to U.S. dollars so they can make purchases. Earlier, news emerged that the online …

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