In a recent release, NXT-ID has announced that Michael Orlando has joined its Board of Directors, effective July 6, 2017. Orlando's appointment to the Board follows the completion of the business combination with Fit Pay, where Orlando was co-founder and CEO. In addition to his role on the Board, Orlando will serve as Chief Operating Officer for NXT-ID and President of Fit Pay, as was previously announced.
“Michael brings a wealth of experience not only within the payment and technology space but also building successful companies and growing large organizations,” said Gino Pereira, co-founder and CEO, NXT-ID. "His technical knowledge and deep network within the industry will add an important perspective to the Board and increase the depth of our operational expertise."
With more than 20 years of payment services and technology business execution experience, Orlando has served in leadership positions in several successful companies, including Cybersource, where he oversaw all enterprise sales and professional services functions worldwide, driving revenue growth to more than $340 Million and establishing new international offices in Singapore, China, Brazil, Australia, and Dubai. Orlando played a primary role in the $2 Billion acquisition of Cybersource by Visa and helped lead the post-acquisition integration. He remained at Visa in an executive role until 2012. In 2014, Orlando co-founded Fit Pay with a vision to build a comprehensive payment and secure authentication platform for the IoT and wearable devices. NXT-ID completed a business combination with Fit Pay in May 2017.
“I am very pleased to join such as talented Board and look forward to contributing to the strategic direction of the company,” said Orlando. “My goal will be working with the other Board members and management team to leverage NXT-ID's comprehensive IoT platform to create long-term value for shareholders.”