OTI Receives Order for 30,000 NFC and Contactless Payment Readers to be Deployed in the U.S.

PRESS RELEASE

May 15, 2012, 9:00 a.m. ED

Majority of the Readers to be Delivered in 2012  

OTI's NFC Solution to be Demonstrated at the NFC Solutions Summit in San Francisco, CA on May 22-24, 2012

ISELIN, N.J., May 15, 2012 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. ("OTI")OTIV +3.92% announced today that the Company has received an order for 30,000 Near Field Communication (NFC) and contactless payment readers. The OTI readers will be deployed across the United States. OTI plans to deliver majority of the readers to the customer during 2012.

With its SCI OEM integrated solution and the Saturn outdoor and indoor line of readers, OTI readers provide an easy, cost effective plug-and-play solution to support the migration toward contactless payment and NFC, necessary to support the increasing adoption of NFC payment technology across the world. OTI's NFC readers are certified by the world's major credit card associations -- including MasterCard, Visa, American Express and Discover for their contactless programs. Also, OTI's state of the art manufacturing facilities and products received the prestigious Terminal Quality Management (TQM) certification from MasterCard. The TQM scheme was created by MasterCard to ensure that the functionality of chip terminals, as certified during type approval testing by EMVCo, can be sustained throughout a manufacturing cycle.

"We are excited to support the rapidly growing use of NFC and contactless payment in the U.S. Our readers provide a robust and durable solution that assures superior user experience at the point of sale," said Oded Bashan, OTI's Chairman and CEO. "This order is part of our efforts to work with our customers to provide the infrastructure for contactless payment as customer demand for NFC enabled devices expands," Mr. Bashan concluded.

OTI is a pioneer in the contactless payment market and supported MasterCard and Visa, among others, in the creation and implementation of contactless transaction processing and payment solutions. OTI provides NFC enabled devices and reader solutions including its COPNI ("Contactless Payment and NFC Insert") device that adds NFC capability to existing mobile phones.

OTI holds extensive intellectual property portfolio, including over 100 issued patents and pending patent applications encompassing product applications, software platforms, system and product architecture, product concepts and more in the fields of NFC, contactless payment, secure ID, petroleum and parking solutions. Among OTI's portfolio is U.S. Patent No. 6,045,043 that covers a design critical for Implementing NFC in Mobile Phones and U.S. Patent No. 8,090,407 which covers the capabilities necessary to turn existing mobile handsets into contactless NFC capable devices through contactless smart SIM technology and concept.

OTI is presenting at the Smart Card Alliance NFC Solutions Summit on May 22-24, 2012 at the Hyatt Regency San Francisco Airport, booth #206. During the Summit, OTI will demonstrate several of its NFC and contactless payment products.

About On Track Innovations Ltd. ( www.otiglobal.com )

On Track Innovations Ltd. ("OTI") designs, develops and markets ID-credentialing, payment and loyalty applications based on its extensive patent and IP portfolio. OTI combines standards-compliant and state-of-the-art, contactless microprocessor-based technologies and enabling hardware with proprietary software applications to deliver high performance, end-to-end solutions that are secure, robust and scalable. OTI solutions have been deployed around the world to address homeland security, national ID, medical ID, contactless payment and NFC solutions, loyalty applications, petroleum payment, parking and mass transit ticketing. OTI markets and supports its solutions through a global network of regional offices and alliances

ISIS mobile payments venture signs up 50 merchant partners

News 8 new results for NFC Mobile Payment

Carrier mobile payments venture signs up 50 merchant partners CNET Isis, a joint venture between Verizon Wireless, AT&T, and T-Mobile, is starting to show some momentum as it nears its trials in Salt Lake City and Austin. by Roger Cheng May 15, 2012 6:34 AM PDT Follow @RogerWCheng An example of NFC payments using ... See all stories on this topic »

OTI Receives Order for 30000 NFC and Contactless Payment Readers to be ... MarketWatch (press release) OTI provides NFC enabled devices and reader solutions including its COPNI ("Contactless Payment and NFC Insert") device that adds NFC capability to existing mobile phones. OTI holds extensive intellectual property portfolio, including over 100 issued ... See all stories on this topic »

DeviceFidelity Unveils iCaisse4X, a new full NFC case with extended battery ... PR Web (press release) The new design is an amazingly protective and stylish hard shell two-piece case that allows iPhone owners to simply slide in their phone and instantly enable NFC tag reading and writing, make mobile payments using NFC mobile wallets such as "moneto," ... See all stories on this topic » PR Web (press release)

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What Merchants Want Out Of Mobile Commerce PYMNTS.com That sentiment was echoed on a panel in which Visa's head of mobile described NFC as the way that security gets added to the payment transaction – and how it will allay consumer concerns over using the mobile as the payment device. See all stories on this topic » PYMNTS.com

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CIBC and Rogers Unveil the Future of Mobile Payments in Canada

Canadian Imperial Bank of Commerce (Photo credit: Wikipedia)

News 1 new result for "Near Field Communications"

CIBC and Rogers Unveil the Future of Mobile Payments in Canada Sacramento Bee ... today announced an agreement to launch Canada's first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the checkout counter using their Rogers "Near Field Communications" (NFC) enabled smartphone. See all stories on this topic »

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CIBC, Rogers announce Canada's first mobile wallet

News 13 new results for NFC Mobile Payment

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Virgin Mobile gets a Google Wallet phone: LG Optimus Elite GigaOM Virgin Mobile is a Sprint-owned pre-paid brand and the new handset is the first on Virgin Mobile to include a near-field communications (NFC) chip that can use Google's Wallet for mobile purchases. The Android 2.3 handset is priced at $149.99 with ... See all stories on this topic » GigaOM

Digicel, VeriFone launch NFC payments in Tonga NFCNews Mobile operator Digicel Pacific Limited has announced the deployment of VeriFone's mWallet services and NFC-enabled payment systems in the Kingdom of Tonga. Starting this week, Digicel subscribers in the the Tongan capital Nuku'alofa will be able to ... See all stories on this topic »

HTC Desire C announced – delivers Android 4.0, NFC and a 5MP camera on a budget androidandme.com Ensuring that HTC Desire C keeps pace with new mobile services as they become available there is also an NFC variant of this model, allowing users to make payments or access information and offers. Nick is a tech enthusiast who has a soft spot for HTC ... See all stories on this topic »

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Research and Markets: Future Growth Potential of Mobile Money in Russia ... SYS-CON Media (press release) Operators are concentrating on making contactless mobile payment service available to users in line with the NFC standard. Figure 9: Russian Mobile Money Market Size by Volume and Avg. Transaction Size, 2011-2016 Syndicated stories and blog feeds, ... See all stories on this topic »

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Majority of the Readers to be Delivered in 2012 GlobeNewsWire (press release) ISELIN, NJ, May 15, 2012 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. ("OTI") (Nasdaq:OTIV) announced today that the Company has received an order for 30000 Near Field Communication (NFC) and contactless payment readers. See all stories on this topic »

Carrefour uses NFC and QR codes to speed up grocery shopping NFC World By Sarah Clark | nfcworld.com | May 15th, 2012 The French retail giant's convenience store chain has launched 'Mon Panier', a mobile app that lets customers order and pay for their grocery shopping with their mobile phone — and then identify ... See all stories on this topic » NFC World

Tonga gets commercial NFC payments service NFC World Digicel Pacific, a mobile network operator with operations across the Pacific, has launched an NFC payments service in the archipelago nation of Tonga. The service works with NFC phones and with NFC tags issued by Digicel that are linked to customers' ... See all stories on this topic » NFC World

HTC EVO 4G LTE review - a One for Sprint Mobile Burn The EVO 4G LTE comes with the Google Wallet app out of the box, and its built-in NFC feature means that the phone can be used to pay for goods or services anywhere Google Wallet is accepted. Unfortunately, Google Wallet wasn't yet working on our review ... See all stories on this topic » Mobile Burn

DIGICEL AND VERIFONE COMBINE TO LAUNCH UNIQUE MOBILE WALLET PAYMENTS SERVICE ... Barnacle Nuku'alofa, Tonga – May 14th, 2012, Digicel today launched an innovative addition to its Digicel Mobile Money service offering which sees customers in Tonga being able to pay for goods and services through any mobile phone using NFC technology – and ... See all stories on this topic »

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Macy's, Foot Locker join Isis as mobile wallet merchant partners

News 3 new results for "Near Field Communications"

Rogers Communications mobile payments to be available this year Rogers Yahoo! Hi-Speed Internet logo (Photo credit: Wikipedia) Montreal Gazette The partnership will allow credit card holders to use the technology in the SIM cards of phones and near-field communications technology to make payments wherever contactless credit cards are accepted. The system will be available later this year. See all stories on this topic »

Smart Card Alliance Creates Mobile and NFC Council CSNews Online PRINCETON JUNCTION, NJ -- The Smart Card Alliance has formed the Mobile and NFC Council in an effort to raise awareness and accelerate the adoption of the several applications possible with Near Field Communications (NFC) technology. See all stories on this topic »

Macy's, Foot Locker join Isis as mobile wallet merchant partners Fiercemobilecontent Isis will initially test its Near Field Communications-based tap-and-pay platform in the Salt Lake City and Austin, Texas regions. On Tuesday, the company announced it will roll out services across Aeropostale, Coca-Cola Company, Champs, Dillard's, ... See all stories on this topic »

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Rogers and CIBC announce NFC mobile payments

Web 8 new results for NFC Mobile Payment

Rogers and CIBC announce NFC mobile payments In a recent event, Rogers and CIBC have jointly announced (read the release here) a mobile payment solution based on NFC (Near Field Communications). blog.cwl.cc/2012/.../rogers-and-cibc-announce-nfc-mobile.ht...

NFC: Why 2012 is looking like the start for Mobile payment and ... This is the second post in a series that NFCdog are writing about NFC for Clove Technology (first one here). As mentioned in the first post, one of the key. blog.clove.co.uk/.../nfc-why-2012-is-looking-like-the-start-for...

DRAFT DOCUMENT Canadian NFC Mobile Payments Reference Model. Version 1.03. Page 2 of 133. 14-MAY-2012. 1 INTRODUCTION. The August 2011 Interim Report of the ... www.cba.ca/contents/files/.../msc_20120514_mobile_en.pdf

Introducing the MasterCard Mobile Payments Readiness Index ... Contactless & NFC City League ... The Index indicates that while it's early stages for mobile payments adoption, all markets globally – either highly scaled and ... contactlesscities.wordpress.com/.../introducing-the-mastercard-...

AmEx, Isis partner for mobile NFC payments - The Paypers. Insights ... American Express has entered an agreement with Isis, a US mobile commerce joint venture created by AT&T, T-Mobile USA and Verizon Wireless, to make ... www.thepaypers.com/news/mobile.../amex.../747580-16

MasterCard Launches PayPass Wallet Services, Mobile Payment ... Definitive NFC / Near Field Communication and Smart mCommerce News. Search ... MasterCard Launches PayPass Wallet Services, Mobile Payment Offering ... https://nfcip.org/.../mastercard-launches-paypass-wallet-service...

Smart Card Alliance sets up Mobile and NFC Council "Many think of payments when they hear NFC, but the technology opens the door to many ... "The Mobile and NFC Council will provide a bridge between NFC ... www.finextra.com/News/Announcement.aspx?pressreleaseid...

Taking payment forward with #NFC - The Wall - Innovation and ... taking payment forward with NFC Once again the mobile is transforming markets. It started with changing the way we communicate, access the internet and ... blogs.terrapinn.com/cards/2012/05/04/payment-nfc/

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Millennials Lead the Quest for Mobile-Enabled, Just-in-Time Information

Millennials Lead the Quest for Mobile-Enabled, Just-in-Time Information With access to the mobile web and apps at their fingertips, smartphone owners are using their devices to find answers and make decisions on an ever-more instantaneous basis. Younger consumers are leading the trend.  Unsurprisingly, millennials are leading this real-time information-seeking trend. The frequent texters and savvy social networkers are using their devices to coordinate plans, find information and make decisions. It’s likely that the Gen X and Boomer generations will catch up with younger consumers, especially as smartphone penetration continues to grow among older consumers. The Pew study showed that less than half of US mobile phone owners ages 30 to 49 used their phones to coordinate a gathering, compared to 60% of those in the 18-to-29 age group. Full Article

Breaking "Mobile Payment News" Stories for May 15, 2012

ePaymentNews                          29 new results for "Mobile Payment"

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Canadian banks introduce mobile payment guidelines Victoria Times Colonist By Alastair Sharp, Reuters May 15, 2012 2:08 AM Get ready to start paying for just about everything with a wave of your smartphone. Canadian banks presented a blueprint Monday that will enable consumers to pay for goods with a tap of their smartphones, ... See all stories on this topic »

Banks introduce mobile payment guidelines Toronto Sun TORONTO - Canadian banks presented a blueprint on Monday that will enable consumers to pay for goods with a tap of their smartphones, as financial institutions seek to take advantage of existing infrastructure that can support mobile payments. See all stories on this topic »

Mobile payment on the way, but who's driving the bus? National Post Mobile banking already exists in Canada but usage is limited and the technology fairly limited, but other countries such as the United States, Japan, South Korea and some European countries have taken things further. The Canadian Bankers Association ... See all stories on this topic » National Post

Canadian Central Joins with Financial Industry Leaders to Deliver Mobile ... Sacramento Bee On behalf of credit unions, Canadian Central worked with other Canadian financial institutions to create a set of voluntary guidelines called the Mobile Reference Model, which provide a framework for how mobile payment capabilities can work with ... See all stories on this topic »

Canadian bankers release mobile payment guidelines CTV.ca BCE Inc. and Rogers Communications have already tested mobile payment technology using a system known as "Near Field Communication" that allows payments using a wireless connection between a smartphone and a retailer's terminal. See all stories on this topic » CTV.ca

Banks move closer to mobile payment Vancouver Sun This could soon be reality as Canadian banks and credit unions moved one step closer to creating a mobile payment system by releasing new guidelines Monday. The voluntary guidelines, known as the Mobile Reference Model, include a road map for how ... See all stories on this topic »

Bankers group pitches cellphones as digital wallets CBC.ca Canada's biggest banks have unveiled a blueprint for turning cellphones into mobile payment terminals, a key step in a process that could revolutionize the way Canadians pay for purchases at retailers. The Canadian Bankers Association published ... See all stories on this topic » CBC.ca

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Mobile Payment Trends — The Future of Mobile Commerce Business 2 Community All a customer has to do is swipe their card on the merchant's mobile payment device, and within seconds their information is scanned and charged. There are now many more situations where not having enough cash to pay for an item is now becoming ... See all stories on this topic »

Canadian banks set to unveil mobile payment guidelines ITBusiness.ca The new shift towards mobile payments will open up new revenue streams for wireless carriers, the Globe reports. Pay-as-you-go is about to take on a whole new meaning for Canadian shoppers. Canadian banks and credit card companies are set to announce a ... See all stories on this topic »

India leads mobile banking adoption at 76%, ahead of China telecomlead.com Smartphonatics' behavior is shaping consumers' requirements for mobile payment and banking solutions. A Smartphonatic is someone who changes their shopping, financial and payment behavior as a result of owning a smartphone. Globally, nearly 25 percent ... See all stories on this topic »

Canadian Banks Set Guidelines for Paying by Mobile Business Review Canada The Canadian Bankers Association announced today their mobile payment guidelines that will ensure safety and security for consumers while allowing innovation in the mobile marketplace. Introduced in light of the fact that mobile payment solutions are ... See all stories on this topic »

Guidelines for mobile payments: what this means for the digital wallet in Canada GlobalNews.ca Gardiner says the mobile payment situation that currently exists in Canada involves "early-stage technologies" like stickers and mobile bar codes. Moving forward, however, the Canadian Bankers Association guidelines emphasize the use of "existing, ... See all stories on this topic »

Swift calls on banking industry to build new mobile payment rails. Finextra Interbank messaging network Swift says banks should collaborate to build a global service for international mobile P2P money transfers. In a new white paper, the international banking co-operative recommends that banks work together to deploy a global ... See all stories on this topic » Finextra

Study identifies a new consumer type: the Smartphonatic Mobile Payments Today According to the study, Smartphonatics differ from other consumers in several important ways, mainly in their tendencies to adopt mobile payment and financial services products more readily than other groups. Eighty percent of Smartphonatics report ... See all stories on this topic »

Blueprint for PoS m-payments in Canada unveiled by banks Bobsguide (press release) The guidelines are intended to create a path to help all market participants move forward in developing mobile payment solutions. The guidelines were developed as an outcome of the federal government's Task Force for the Payments System Review in 2011, ... See all stories on this topic »

Financial services startup sector continues solid growth (analysis) VentureBeat Payment Cards: Though mobile payment technology is up and coming, VC investors continue to show interest in smart card payments. Alpharetta, Georgia-based Paymetric, for example, raised $12 million in venture capital in 2009 and 2011. See all stories on this topic » VentureBeat

PCI Security Standards Council Announces Resellers Certification Program The VAR Guy VARs can take this training opportunity to bolster their security credentials and meld that expertise with add-on services designed to keep mobile payment systems secure, while bringing their customers fully into the age of mobile payments—a (digital) ... See all stories on this topic »

Mobile commerce rides on Indian youth and the affluent MoneyGuru India The mobile payment industry will be largely driven by the young population and India's demographic dividend offers a great prospect," MasterCard Worldwide division president (South Asia) TV Seshadri said. The index was based on three kinds of mobile ... See all stories on this topic »

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Mint Wireless raises $600000 in placement Computerworld Australia Mint Wireless has raised $600000 to help fund the enhancement of its Australian mobile payment system. Australian mobile and digital payment company Mint Wireless (ASX:MNW) has raised $600000 through a placement to institutional investors. See all stories on this topic »

Startup of the day: PayByMobile The Sunday Business Post Today's startup of the day is PayByMobile, which has developed a new mobile payment system. With online banking and shopping becoming more popular, a lot of everyday transactions are done without cash. So how can you use your mobile phone to make ... See all stories on this topic »

Mobile payment guidelines could lead to new partnerships between telcos, banks Cartt.ca (subscription) They will serve as a blueprint for how mobile payment capabilities can be offered in the Canadian market, including guiding principles around how information is exchanged among the various parties to a transaction, including telecommunications ... See all stories on this topic »

Blogs 13 new results for "Mobile Payment"

Canadian Bankers Association Releases Guidelines for Mobile ... By Gary Ng The Canadian Bankers Association announced this morning alongside the Credit Union Central of Canada, guidelines for mobile payment technology. The Mobile. iPhone in Canada Blog - Canada's...

India's Mobile Banking Adoption highest in World! By Arun Prabhudesai According to the survey, the countries with highest levels of mobile payment adoption also display highest importance on mobile payments and money movement. Roughly two-thirds of Indian consumers consider making payments and ... Trakin' the india business buzz

ACI Worldwide's Payment Industry Media Centre: How do we place ... By ACI Worldwide Financial institutions, retailers and processors trying to generate mobile payment interest and demand should, therefore, deploy marketing programs which clearly demonstrate the convenience and benefits of replacing cards with a mobile ... ACI Worldwide's Payment Industry...

Intuit Expects $5.5 Trillion in Retail Mobile Payments Volume by ... By Gary Kim By 2016 or 2017, Intuit believes retail mobile payment volume could rise to about $5.5 trillion. But it isn't at all clear who the provider "winners" will be. Mobile service providers, banks, payment networks, retailers, application providers and ... IP Carrier

Korea: Three Conferences in a Week! | Two Bulls - Immersive ... By admin Nokia Siemens Networks CEO Rajeev Suri: By 2020, networks will need to provide 1GB per person/per day at speeds 10 times they have now #kanz 20 mins ago; KT CEO Suk-Chae Lee: by 2020 Mobile Payment Systems will be synonymous ... Two Bulls - Immersive mobile experiences

Ticketscript sees mobile payments double in first quarter | ABOUT ... By adyen The payment solutions for the ticketscript platform are facilitated by Adyen, the international provider of online and mobile payment solutions. Frans Jonker, CEO of ticketscript, says about this cooperation: "The choice for Adyen, being a new ... ABOUT-PAYMENTS.com

FinovateSpring 2012 Live Twitter Transcript - Finovate By Julie Schicktanz Taulia unveils Early Payment Network; tools for business, showing online invoicing with dynamic discounting. Link. BancBox is an infrastructure platform helping companies build web/mobile payment services. Link. BancBox showing how it ... Finovate

Kopo Kopo grows out of incubation at m:lab East Africa | *iHub_ By Simeon Oriko For Kopo Kopo Inc, a Nairobi based mobile payment services startup, growth could not have been more rapid over the last 12 months. In August 2010, the company was formed, setting up base at the iHub co-working space in Nairobi ... *iHub_

What Social Media Apps Should You Have | By Admin If you have ever needed to accept payments while you are away from your computer, you can do so using a mobile payment app. Some great apps that you can use are Intuit GoPayment or Square if you are in the United States, or if you are in ...

The Future of Social Media Relevance – Mobile, Niche, Meaning ... By ladyxtel Mobile payment solutions and Apple's recent patent filing for iPhones to turn into universal remotes are just a peek at the future which our smartphone can promise. Twitter has the help of robust third-party applications to keep the tweet flow ... Social Media Today - The world's...

The future of convergence: Next steps for the smart era | memeburn By Michelle Atagana: Managing Ed. Smart working: If more organisations make smart working a trend, this will help build a work force that is not restricted by geographical location. This could help curb unemployment. Mobile payment will be the norm: The smart era has already ... memeburn

Cash-less Lagos: CBN, Bankers Committee give pass mark ... By punchng He was optimistic that the licensing of about 15 mobile payment operators to offer payment services via the mobile phone that over 80 million Nigerian are carrying would also help promote financial inclusion and by extension, make the nation ... Thenigeriandaily.com

Possible Mobile Payment 'Fee Grab' Worries Small Business ... By Tami cfib With a steady stream of mobile and electronic payment options expected in the days ahead, Canadian small business owners will be bracing themselves for the possibility of another fee grab on the part of banks, credit card companies and ... Village Gamer

Web 3 new results for "Mobile Payment"

Banks, telecoms move on new mobile payment system - The Globe ... Technology will allow consumers to use smartphones in place of credit, debit cards. www.theglobeandmail.com/news/...on.../article2431304/

Mobile Payment Platforms Lead the Charge at CTIA | Top Stories ... The CTIA Wireless trade show is barely underway and already two big mobile payment processing announcements from Mastercard and Verifone are causing a ... vsr.edgl.com/.../Mobile-Payment-Platforms-Lead-the-Charge-a...

Aventurine's Darkfall Online MMO Adds PayOne's Mobile Payment ... SAN JOSE, CA--(Marketwire - May 15, 2012) - PayOne announces that Aventurine (www.aventurine.gr), an award-winning global game developer and ... www.marketwire.com/.../aventurines-darkfall-online-mmo-ad...

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