corporate spinoffs

Nxt-ID Board Approves IoT Payments Spinoff

Nxt-ID Board Approves IoT Payments Spinoff

“At its outset, PartX’s platform revolves around the tokenization of payment card details, which helps to secure digital transactions.” Nxt-ID, the parent company of wearable payments specialist Fit Pay, is launching a spinoff subsidiary that will manage its IoT payments activities. The spinoff, which was recently approved by Nxt-ID’s Board of Directors, will be called…