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   Technology StocksOn Track Innovations Ltd. (OTIV)


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From: JakeStraw9/10/2014 9:47:19 AM
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oti Offers Unique NFC and Cashless Payment Solutions for Earlier-Generation Apple iPhones
finance.yahoo.com

On Track Innovations Ltd., a global provider of near field communication (NFC) and cashless payment solutions, is piloting its new WAVE and NFC Insert mobile add-on devices with several banks and mobile network operators as the ideal way to add NFC payment capabilities to Apple iPhone 4, 4s, 5, 5s and iPad devices.

Using the oti WAVE solution, card issuers, handset original equipment manufacturers, and mobile operators are able to offer NFC-enabled mobile payment solutions to new and existing iPhone models.

The secure element of oti's WAVE device connects to a Smartphone's operating system via the audio jack, allowing PIN code authentication and secure over-the-air (OTA) provisioning capabilities, including loading of card data, reloading electronic cash, remote personalization, firmware updates, and the ability to add new secure applets.

WAVE runs on a Java-based software over a secure element and provides open application interfaces (API) for third-party development. It supports multi-applications for payment, credit, debit and pre-paid cards, loyalty, healthcare, access control and security, all on the same device. WAVE can also work independently from the iPhone for making quick payments like at mass transit turnstiles. WAVE is currently commercially deployed at various global financial institutions, and is in pilot deployments with mobile operators and mass transit providers.

oti's NFC Insert is another off-the-shelf NFC-enablement solution comprised of a thin film NFC antenna that connects to the iPhone operating system via the SIM card. The antenna folds onto the backside of the iPhone where it is protected by any standard case. Several mobile operators around the world are currently piloting this cleverly unobtrusive NFC add-on.

"With the launch of Apple's iPhone 6, the oti WAVE becomes the leading cost-effective solution for existing iPhone and iPad models that enables secure NFC payment transactions," said oti's CEO, Ofer Tziperman. "Apple's adoption of NFC technology is a strong validation of our long-term vision and investment in NFC technology, as well as that of our partners and business customers."

"We expect Apple's NFC-equipped iPhone 6 and Apple Watch will drive stronger demand for our NFC readers in the unattended and self-service market," continued Tziperman. "We remain ideally positioned in this growing market with the most comprehensive and cost-effective solutions, which are certified by all major payment card associations."

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From: SI Ron (Soup Nazi)9/12/2014 12:38:30 PM
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From: JakeStraw9/23/2014 8:39:27 AM
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ABnote, Employing the oti WAVE Device, Launches Major NFC Electronic Payment Pilot With Leading North American Financial Institution
finance.yahoo.com

oti's WAVE, Powered by ABnote's Certified TSM, Adds NFC Payment Capabilities to Apple iPhone and Android Mobile Devices

About the size of a standard car key fob, oti's WAVE device uses the audio jack as an easy, cost-effective way to add NFC capability to virtually any Smartphone or tablet, including Apple iPhones, iPads, and Android-based mobile devices. Once configured, it can also operate independently, allowing users to keep the WAVE on their keychain to make secure transactions with a simple 'wave' of the device over any NFC reader.

The WAVE has received certification from major payment companies, including Visa® and MasterCard®. ABnote's mobile solution is managed by its MasterCard®- and Visa®-certified Trusted Service Manager (TSM), which has been designed with an open architecture, to guarantee maximum customer flexibility and scalability.

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From: JakeStraw10/30/2014 8:45:52 AM
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oti Launches Uno, the Industry's Most Compact Multi-Purpose NFC Payments Reader
finance.yahoo.com

Uno Enables NFC Capability for Existing POS Terminals and Unattended and Self-Serve Machines

With an ultra-compact form factor and a rich feature set, Uno is the ideal solution for meeting the complete range of NFC cashless payment industry requirements. The reader, which is in the certification process by the major card associations, was designed specifically for attended and unattended retail environments. Uno's unique form-factor and features enables easy integration and installation in unattended self-service payment stations, including ATMs, add value machines, ticket vending machines, gaming and gambling machines, kiosks, access control, mass transit gates and more.

The reader's plug-and-play design makes it easy to connect to existing payment infrastructure and point-of-sale terminals, instantly upgrading them to seamlessly accept contactless cards and NFC-based mobile payments from Apple Pay and Softcard. Uno also has the option to be USB-powered, which facilitates easy installation and maintenance.

"With the Uno, we were able to apply our deep industry experience and patented NFC technology to develop the industry's most compact NFC reader, while meeting the strictest payment certification requirements," said oti CEO, Ofer Tziperman. "Uno's unique design, ease of installation and competitive price point creates the perfect solution for the retail industry that is undergoing a contactless mobile payments revolution."

"Uno opens large global markets for us," continued Tziperman. "Following the launch of Apple Pay, we see accelerating demand in the market for advanced and cost-effective NFC readers for the unattended and self-serve markets, as well as for the countertop attended market. And we've already hit the ground running with Uno, with strong interest and demand for the device coming from several major prospective customers who have been allowed a sneak preview."

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From: JakeStraw11/4/2014 9:01:12 AM
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New oti TRIO Cashless Payment Reader Receives Industry-Wide Certification for Major Credit Card Transactions
finance.yahoo.com

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From: JakeStraw11/7/2014 10:00:10 AM
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oti's EasyPark System Selected by Major African Capital to Support 300,000+ Drivers
finance.yahoo.com

"This new contract is in line with our growth strategy of entering long-term contracts for the supply of municipal parking management equipment and services," said Ofer Tziperman, CEO of PARX and oti. "Our patented parking technology allows us to provide municipalities a compelling value proposition in markets that are exhibiting strong growth."

"We have especially high expectations for the African market, which represents a significant untapped market opportunity," added Tziperman. "EasyPark offers a unique combination of a payment system and parking enforcement system, which allows us to provide the best service to both municipalities and drivers in the emerging African market."

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From: JakeStraw1/15/2015 9:08:08 AM
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OTI PetroSmart Awarded Global Tender by Multinational Oil Company to Supply EasyFuel Plus
finance.yahoo.com

"We are particularly proud of this award, which not only serves as further validation of the superiority of the EasyFuel Plus solution and our technical architecture, which leverages our universal integration approach, but also serves to acknowledge OTI PetroSmart's track record, positioning and capacity to address the system integration; implementation; remote support and back-office information management and reporting requirements of major petroleum retailers," said Charlotte Hambly-Nuss, Managing Director of OTI PetroSmart.

EasyFuel Plus is based on oti's state-of-the-art contactless smart card technology platform, providing customers with maximum flexibility and security. The solution allows organizations to address fuel fraud and meet savings targets by automating the payment process and gathering of data for fuel management purposes.

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From: JakeStraw1/20/2015 8:49:05 AM
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oti WAVE NFC Payment Solution Adopted by Taiwanese Banking Consortium
finance.yahoo.com

oti Channel Partner, Tradelink Electronic Commerce, to Deliver WAVE as Part of Major Mobile Payment Deployment in Taiwan

The deployment includes oti's NFC-based WAVE audio-jack plugin device for smartphones, tablets and PCs. The patented WAVE device enables banking customers to perform NFC payment transactions, effectively transforming their devices into digital wallets. It also gives banks control over the Secure Element, eliminating dependency on third-party organizations like mobile network operators. As a common cross platform add-on, WAVE enables the desired flexibility to meet the Taiwanese market needs.

Certified by MasterCard and Visa, WAVE is the industry's first audio jack plug-in NFC payment solution, and the only one to receive certification from the major card associations. WAVE connects to the device's operating system via the audio jack, allowing for PIN code authentication and Over-the-Air capabilities, including reloading cash electronically, checking balances, remote personalization, and downloading new applications.

Users can add approved credit cards, payment cards, and loyalty cards to their new digital wallets via oti's patented and secure technology. This capability allows retailers to implement real-time value-added services like loyalty programs, location-based advertisements, and promotions.

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From: JakeStraw3/2/2015 8:57:32 AM
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oti Receives Five-Year Contract Extension for EasyPark in Israel
finance.yahoo.com

Launched in 2000, oti's patented in-vehicle parking meter has revolutionized Israel's on-street parking management and fee collection system. Since 2000, oti's subsidiary, EasyPark Limited, has sold more than 850,000 EasyPark devices and collected more than $165 million of parking fees for Israeli municipalities. The five-year contract extension will bring the total service time of the EasyPark system in Israel to 20 years.

"The contract extension reflects the effectiveness of EasyPark, the quality of the service we provide our customers, as well as the convenience it affords drivers," said Ofer Tziperman, CEO of oti. "In fact, about one of every four paid parking sessions in Israel is paid for using the EasyPark device."

oti has also continued to innovate with EasyPark. Over the last few years, it has added functionality and options to the device, including the ability to reload funds online via USB and extended battery life. EasyPark now serves more than 170 cities in 13 countries around the world, including France, Italy, Norway, Bermuda, United States, and New Zealand.

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From: JakeStraw3/26/2015 9:43:17 AM
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oti Receives Favorable Patent Infringement Ruling Against T-Mobile
finance.yahoo.com

U.S. District Court Grants Summary Judgment of Infringement on oti's Standard-Essential NFC Patent

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