In Germany 75% of adults still use paper currency and coins to make purchases at least once a week. vs. 64% of British adults, 58% of American adults, 48% of French adults, 47% of Israeli adults. By contrast, Israeli adults are most likely to use a mobile banking app at least once a month (e.g., to…
PowaPOS has raked-in more than $1.1 million in orders from Latin American distributors within the first month since joining SuperCom on April 18th. PowaPOS is the developer of a fully-integrated mobile and tablet-based system integrating industry-leading retail and secure payment solutions into one simplified, attractive and robust POS platform. PowaPOS expects to deliver the orders…
Herzliya, Israel-based SuperCom has ankled Zvi Mitlanski as its new VP of Secure Financial and Retail Solutions. Mr. Mitlanski brings with him over 20 years of executive management and business leadership experience across the payments, banking, retail, government and telecommunication sectors, with experience driving global business development, sales mmanagement, M&As, marketing and organizational development for international companies…
In its second acquisition of the past week PayPal is gobbling up an Israeli cyber security company specializing in forecasting future cyber attacks.
Tel Aviv-based BioCatch has launched a “New Account Fraud Detection” solution which uses behavioral biometrics to detect, in real- time, when fraudsters use stolen /synthetic personal information to create a new account.
Herzliya-based SuperCom is introducing its SafeMobile solution and SuperCyber suite next month. SuperCom offers advanced secure mobile payments ranging from mobile wallet to mobile POS using a set of components and platforms to enable secure mobile payments and financial services.
Herzliya-based SuperCom has named Mr. Shai Vardi as its new VP of Secure Financial Solutions. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite.
Founded in Herzliya, Israel by veterans of the finance and retails industries, PayItSimple is gaining traction as it enters the U.S. marketplace. The new service enables consumers to simply and easily charge any purchase on their existing credit cards and pay it back in monthly in interest free installments.
A new report finds payments cards in Israel has increased in value and volume terms over the past four years. In terms of transaction value, the payment cards instrument grew from ILS242.6 billion (US$61.7 billion) in 2009 to ILS312 billion (US$86.2 billion) in 2013, for an compound annual growth rate (CAGR) of 6.49%.
On Track Innovations Ltd. (oti) has sold its wholly owned German subsidiary, Intercard System Electronics GmbH, to a private party. Intercard manufactures electronic assemblies and devices, including oti’s NFC readers and other non-oti related products. The sale of Intercard includes an upfront payment of EUR 700,000 to oti and then future debt payments of certain amounts, as well as preferred pricing for Intercard services for the ongoing manufacturing of oti readers.
On Track Innovations Ltd. has been issued a new patent by the United States Patent and Trademark Office (USPTO) that enhances its innovations in the field of contactless smart cards. The new U.S. patent No. 8,651,387, titled “Multi-Application Contactless Smart Card,” describes a multi-application contactless smart card system and method that allows a user to select an application using a unique switching mechanism located on board the smart card. This innovation allows, for example, the accommodation of several ‘application cards’ on the same physical card.
On Track Innovations Ltd. announced this morning its OTI WAVE technology has been certified for inclusion in Visa’s Compliant Products List. The OTI WAVE is an NFC add-on for smartphones, tablets and PCs. The OTI WAVE is the industry’s first audio jack plug-in NFC payment solution and the only one to receive certification from major payment companies including Visa and MasterCard. Based on OTI’s patented NFC technology, the compact OTI WAVE is device agnostic, easily plugging into any smartphone, tablet or PC. Users pay with their device while enjoying real-time benefits from loyalty programs and other incentives as delivered by the corresponding application. It opens up a whole new world of mobile device applications, while alleviating the burden of a wallet full of credit cards.