Tuesday, May 15, 2012

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

News8 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 ...
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OTI Receives Order for 30000 NFC and Contactless Payment Readers to be ...
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PYMNTS.com
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CIBC and Rogers Unveil the Future of Mobile Payments in Canada

Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce (Photo credit: Wikipedia)
News1 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.
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CIBC, Rogers announce Canada's first mobile wallet

News13 new results for NFC Mobile Payment
CIBC, Rogers announce Canada's first mobile wallet
Reuters
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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 ...
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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 ...
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HTC Desire C announced – delivers Android 4.0, NFC and a 5MP camera on a budget
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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 ...
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Moneycontrol.com
Research and Markets: Future Growth Potential of Mobile Money in Russia ...
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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, ...
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T3
The festival vendors will also accept over contactless methods like QuickTap, an NFC-based mobile payments solution from Barclaycard and Orange and BarclayCard PayTag, a sticker that can be placed on the back of any mobile handset and works as an ...
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T3
Missouri State University Selects Blackboard for Contactless Campus Card System
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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
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NFC World
Tonga gets commercial NFC payments service
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NFC World
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Mobile Burn
DIGICEL AND VERIFONE COMBINE TO LAUNCH UNIQUE MOBILE WALLET PAYMENTS SERVICE ...
Barnacle
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Macy's, Foot Locker join Isis as mobile wallet merchant partners

News3 new results for "Near Field Communications"
Rogers Communications mobile payments to be available this year
Rogers Yahoo! Hi-Speed Internet logo
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.

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Fiercemobilecontent
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Rogers and CIBC announce NFC mobile payments
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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
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Millennials Lead the Quest for Mobile-Enabled, Just-in-Time Information



US Mobile Phone Owners Who Conduct Select Real-Time Mobile Activities, by Device Type, April 2012 (% of respondents)

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


US Mobile Phone Owners Who Conduct Select Real-Time Mobile Activities, by Age, April 2012 (% of respondents)

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
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Banks introduce mobile payment guidelines
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National Post
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CTV.ca
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CBC.ca
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Canadian Banks Set Guidelines for Paying by Mobile
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Swift calls on banking industry to build new mobile payment rails.
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Finextra
Study identifies a new consumer type: the Smartphonatic
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Financial services startup sector continues solid growth (analysis)
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VentureBeat
PCI Security Standards Council Announces Resellers Certification Program
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Mobile commerce rides on Indian youth and the affluent
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Citi to Sponsor US Olympic Team, in Campaign Promoting Mobile Banking
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Mint Wireless raises $600000 in placement
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Mobile payment guidelines could lead to new partnerships between telcos, banks
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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 ...
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Blogs13 new results for "Mobile Payment"
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FinovateSpring 2012 Live Twitter Transcript - Finovate
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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 ...
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Kopo Kopo grows out of incubation at m:lab East Africa | *iHub_
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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 ...
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What Social Media Apps Should You Have |
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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 ...
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The future of convergence: Next steps for the smart era | memeburn
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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 ...
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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

Web3 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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