microprocessor-based Archives • CardFlash®

OTI to Fill Order for 30,000 NFC and Contactless Payment Readers

10, Country, ISRAEL, PriorityBy Robert McKinley 05/21/2013

On Track Innovations received a blanket order for 30,000 of its NFC and contactless payment readers for use in North America from a global leader of integrated technology solutions in the retail petroleum industry. OTI plans to deliver the entire order to its customer this year and expects additional revenues for providing support services to the customer. OTI expects to receive follow-on reader orders from this customer later this year. OTI worked closely with the customer to create a custom-built antenna (hardware) and support the various contactless payment schemes (application) on the reader itself, ultimately providing the customer with an OEM kit to fit the customer’s wide range of products. OTI was chosen over its competitors for its proven ability to solve the customer’s specific needs based on its know-how and extensive intellectual property.

OTI to Fill Order for 30,000 NFC and Contactless Payment Readers

10, Country, ISRAEL, PriorityBy Robert McKinley 05/21/2013

PrivatBank Implements Gemalto Contactless mPayment

10, Country, Priority, UKRAINEBy Robert McKinley 09/28/2012

Gemalto digital security was implemented by PrivatBank to provide Optelio contactless stickers for Ukraine’s first commercial mobile payment deployment. Gemalto’s “Optelio” contactless sticker is a microprocessor-based secure personal device that enables PrivatBank to provide its existing customers with an additional payment option on their favorite device: their mobile phone. It has been designed to work on any handset model, combining diminutive size with the highest communication performance at point-of-sale terminals that are contactless ready. PrivatBank customers simply attach the sticker to their mobile phone in order to securely use the contactless feature for small amount purchases.

OTI to Fill Order for 17,000 NFC and Contactless Payment Readers in Mass Transit

10, Country, POLAND, PriorityBy Robert McKinley 07/10/2012

On Track Innovations wholly owned subsidiary, ASEC S.A. of Poland, received an order for 17,000 NFC and contactless payment readers for deployment in Europe that will be geared for implementation in the mass transit market, most of which will be shipped in 2013. 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 holds extensive intellectual property portfolio pertaining to NFC technology, 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.

OTI Files NFC Patent Infringement Suit

4, Country, Priority, UNITED STATESBy Robert McKinley 03/27/2012

On Track Innovations filed patent infringement lawsuit alleging T-Mobile USA sells NFC enabled phones that infringe OTI’s U.S. Patent No. 6,045,043. The suit is pending in the United States District Court for the Southern District of New York, Case No. 12-CV-2224. The atent is part of OTI’s 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 payments, secure ID, petroleum and parking solutions.

OTI Launches eParking Management System

9, Country, Priority, UNITED STATESBy Robert McKinley 02/06/2012

On Track Innovations announced that the University of California Davis (UC Davis) Transportation & Parking Services office has selected OTI’s EasyPark e-parking management and payment system for implementation on the UC-Davis campus. The UC Davis deployment marks EasyPark’s initial entry into the U.S. market and builds upon global deployments across 110 municipalities around the world. The EasyPark electronic in-car solution lets issuers increase their parking revenues, reduce their parking management overhead and maintenance and substantially improve driver convenience, all without the requirement of costly infrastructure.

OTI Inks $6.9mm Immigration Control Contract

10, Country, PANAMA, PriorityBy Robert McKinley 01/30/2012

On Track Innovations announced that the Ministry of Public Security of Panama has awarded OTI with a contract for the supply, design, installation and integration of systems to monitor and improve immigration verification processes and overall immigration flow. OTI expects to recognize revenues of approximately $6.9 million, with the potential for additional revenue in future years from follow-on contracts. The contract provides for the supply of OTI’s end-to-end turnkey immigration solution, based on its proprietary state-of-the-art, field-proven eID Magna platform.

OTI Inks $7mm Core Technology License Agreement

5, Country, Priority, UNITED STATESBy Robert McKinley 11/30/2011

On Track Innovations implemented its non-exclusive license for core technologies within its proprietary portfolio of IP and patents amounting $7 million USD with a multibillion dollar corporation. OTI’s technology, patent and IP portfolio includes, among others , product applications, software platforms, system and product architecture and product concepts in the fields of contactless payments and NFC; ID; Petroleum; and Parking solutions.

OTI Expands Parking Management Solution

10, Country, FRANCE, PriorityBy Robert McKinley 11/14/2011

On Track Innovations announced an agreement to deploy its “EasyPark” parking management system. In the past year, EasyPark™ has been adopted in approximately 20 French municipalities under the service brand PIAF. OTI’s “EasyPark” system implementation will upgrade existing parking payment methods, such as paper parking tickets and “Pay and Display” machines to create a more user-friendly experience for drivers and a lower cost and more efficient operation for the city. Users will be able to re-load their PIAF™ cards at any of the 29 public reloading points located in tobacco and lottery shops across the city, or directly from their personal computer via the PARX France web site at www.monpiaf.fr.

MTS Selects OTI mPayment for NFC Program

10, Country, Priority, RUSSIABy Robert McKinley 10/11/2011

On Track Innovations contactless smart card solutions announced that MTS communications group- with over 100 million subscribers , 70 million of which are in Russia- deployed the OTI “COPNI” mobile payment solution for its NFC projects. Working with SITRONICS Smart Technology as its technological partner , MTS allows LUKOIL retail customers use their mobile phone to pay for fuel transactions at the dispenser using a COPNI-enabled cell phone and accruing loyalty points for LUKOIL’s loyalty program. OTI’s COPNI (Contactless Payment and NFC Add-On) was selected after rigorous testing which represents the first commercial NFC project in Russia based on SIM-cards with SWP/HCI-protocol (Single Wire Protocol (“SWP”) and Host Controller Interface (“HCI”)).

On Track Innovations to Present at Investment Conference

9, Country, Priority, UNITED STATESBy Robert McKinley 09/07/2011

On Track Innovations contactless microprocessor-based smart card solutions announced its President is set to present at the Rodman & Renshaw Annual Global Investment Conference in New York. OTI will address its “SmartID” complete end-to-end in house solution for homeland security, such as national ID cards, e-passports, driver’s license, voter ID and more, including MediSmart – a solution for transforming patient’s Electronic Health Record (EHR) to a portable medium, along with its payments – supporting MasterCard and Visa contactless payment programs, including “EasyPark” in-vehicle parking meter solution.

OTI Posts 1H/11 Revenue Down 4% Y/Y

1, Country, Priority, UNITED STATESBy Robert McKinley 08/16/2011

On Track Innovations contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications posted its 1H/11 results, reflecting a total revenue of $26.7 million, a 4% decrease from the year ago figure of $27.8 million. With these results much better than expected, OTI’s Board of Directors has authorized to resume the…

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