Revision History For: On Track Innovations Ltd. (OTIV)

26 Aug 2014 08:53 AM <--
11 Feb 2011 03:11 PM

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On Track Innovations Ltd. designs, develops, and markets contactless microprocessor-based smart card technology products in the Americas, Israel, Europe, Africa, and the Far-East. Its products include payments solutions, petroleum systems, and smart ID solutions. The company's payment solutions comprise PayPass, a contactless payment program for financial institutions; E-purse, a product that enables a person to load pre-paid value on a card; EasyPark, an electronic parking payment system; and mass transit payment system for fare collection from passengers in various types of mass transportation systems. Its petroleum systems consist of EasyFuel, a wireless petroleum solution, which incorporates options for retail and private fleets, as well as a pay-at-the-pump solution; and gasoline management system that records and monitors the identification of the driver and the vehicle, the driver's or fleet's credit status, the vehicle's fuel consumption, and other information determined by the customer, such as periodic vehicle maintenance. The company's smart ID solutions include enrollment and personalization infrastructure comprising image and data enrollment, ePassport personalization, secured materials management system, digital signature certificate generator, and ePassport quality assurance and issuing stations; border control system based on passenger biometric identification applications, electronic passport identification, and optical and electronic means to detect forged passports; and MediSmart product to process and manage medical information, including patient's identity, medical history, insurance coverage, and payment history. It sells its products to original equipment manufacturers, as well as to other cards manufactures and companies. The company was formerly known as De-Bug Innovations Ltd. and changed its name to On Track Innovations Ltd. in July 1991. On Track Innovations Ltd. was founded in 1990 and is headquartered in Rosh Pina, Israel.

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