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Stanley E. Washington joins NXT-ID Board of Directors to maximise opportunities for disruptive technologies in mobile payment

Published on 15 October, 2015
Mr. Washington is recognised as a key business leader in the financial services industry with over 25 years' experience
NXT-ID builds its team of financial services and retail experts to maximise the opportunities for Wocket Smart Wallet

NXT-ID, Inc. ("NXT-ID" or the "Company"), a biometric authentication company focused on the growing mobile commerce market and creator of the Wocket® smart wallet announces Mr. Stanley E. Washington, former long- term executive at American Express has been appointed to its Board of Directors.

Over 25 years' experience

Mr. Washington is recognised as a key business leader in the financial services industry with over 25 years' experience. Currently, as Founder and Chief Executive Officer of Pantheon Business Consulting (PBC) he manages a strategic business development firm which focuses on partnering fast growing small & mid-sized companies in emerging categories with large strategic partners; providing senior leadership teams with innovative thought leadership concepts aimed at increased revenue generation, consumer program activation and diverse strategic supplier partnership development for the building of long-term shareholder growth and profitability.

Prior to PBC Stan spent 17 years as an executive at American Express and was Regional Vice President and General Manager of the Western United States operating as the region's senior business leader where he managed American Express' U.S. Commercial Card Division overseeing the Account Development Organisation including sales and operational support across multiple industries, to more than 260 U.S. based companies, representing over $300 billion in annual corporate revenue.

During his career at American Express he held numerous positions within the company including Regional Vice President and General Manager of the American Express Establishment Services Division where he was responsible for over $50 billion in annual charge volume, managing all merchant account relationships, card member marketing, sponsorships and advertising to more than one million American Express merchant business locations throughout the Western States and Micronesia.

During his tenure he was also responsible for American Express' penetration into several key industries including entertainment, gaming, restaurant, wine, ski and luxury hotels.

Gino Pereira, CEO comments on Stanley's expertise

Gino Pereira, Chief Executive Officer, said, “Stan's expertise, experience and connections in the financial payment space perfectly compliment the outstanding retail expertise that William Fields, former CEO of Wal-Mart Retail Stores, brings to NXT-ID. Together we have a formidable team to maximise the opportunities for Wocket Smart Wallet and other disruptive technologies that we will be bringing to market in the near future.”

Mr. Stanley E. Washington said, "I'm excited to be joining the Board of NXT-ID at a time when there is so much disruption and opportunity in the payment space. I believe that the company's technologies are well suited to the future direction of mobile payments and that I can be a catalyst for those efforts."

Wocket smartest wallet

Wocket® is the smartest wallet user will ever own. Designed to protect the identity and replace old wallet, simply swipe and save cards into Wocket once and they are immediately secured with pin and biometric voice print technology. Without ever needing a smartphone, users can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) to match the selection. From there, users just swipe as they normally would virtually anywhere that credit cards are accepted today.

All credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and other information can be protected on Wocket®.

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