Technology Stocks : On Track Innovations Ltd. (OTIV)
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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

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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