NXT-ID COO to be a featured speaker at IoT Payments 2017
Michael Orlando, COO of NXT-ID and president of FitPay will be a Plenary Featured Speaker at IoT Payments 2017, a conference hosted by the Secure Technology Alliance that explores Internet of Things (IoT) payments.
IoT Payments 2017 takes place next week in Austin, Texas and brings together experts from the IoT and payments communities to discuss developments, innovations and efforts driving secure, seamless IoT payments. Orlando’s featured presentation, ‘Connected Commerce: The Internet of Payments’, will cover IoT payments business models, use cases and adoption trends.
With 22 years of payment industry experience, Orlando has held leadership positions in several successful companies, including Cybersource, where he played a primary role in its $2B acquisition by Visa. In 2014, Orlando co-founded FitPay, which provides an end-to-end contactless payment solution for IoT devices. In May 2017, FitPay combined businesses with NXT-ID, and is now a wholly-owned subsidiary of the company.
The FitPay payment platform delivers payment, credential management, authentication and other secure services to the IoT ecosystem using tokenization. FitPay also leverages eSE chip technology within devices to offer a payment solution that is power and memory efficient and does not need to refresh a token once it is issued, freeing devices from needing to be tethered to a host device or connected to the Internet to transact payments.
FitPay’s end-to-end payment solution allows IoT and wearable device manufacturers to add payment and authentication capabilities to their products with very little start-up time, no investment in software development and access to the leading credit card networks.