On Track Innovations Ltd.: erhält Folgeauftrag
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Historically, mobile carriers controlled who gained access to the secure element. That means they’ve ultimately been able to decide which apps a shopper can use for NFC payments in brick-and-mortar stores. NFC, which stands for near field communication, is a wireless technology that allows a piece of hardware to exchange data with another piece of hardware nearby simply by bringing them close or tapping them together. Since the payment data transferred in an NFC transaction previously had to come from the phone’s hardware secure element, a mobile carrier could decline any given app from using that data.
For example, Google Wallet’s tap-to-pay feature using NFC isn’t available on the vast majority of phones running on Verizon, AT&T and T-Mobile networks. That’s widely believed to be the result, at least in part, of the fact that those three carriers are the backers of a competitive app called the ISIS Wallet.
But with HCE, phones can bypass those carrier restrictions; an app can access and present the payment card information for an NFC payment from the cloud, which mobile carriers do not control. But the only way a purchase using HCE and NFC could take place is if the credit companies allowed the payment card details to be stored in the cloud. In short, HCE needed their stamp of approval.
One big U.S. bank already is. Capital One confirmed on Wednesday afternoon that it is currently working on adding tap-to-pay functionality to its Android app.
“Capital One is exploring HCE payment capabilities as part of our ongoing pursuit to provide secure, convenient payment solutions for our customers
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oti Granted New U.S. Patent for Multi-Application Contactless Smart Card
ROSH PINA, ISRAEL--(Marketwired - Feb 26, 2014) - On Track Innovations Ltd. (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions under the brand "oti," 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.
Generally, smart cards support a single application, such as a particular credit card. However, today's consumers typically carry a variety of credit cards, including a combination of debit and credit cards, fuel cards, high-security identification and access-control cards, public transport payment cards, and drivers licenses. Carrying around these numerous cards can be cumbersome. However, oti's newly patented technology solves this problem by allowing contactless smart cards to support multiple uses.
According to BCC Research, smart card shipments are expected to reach 11.1 billion units or $7.3 billion in total sales by 2017. Smart card technology is a major driving force for the payment transaction market, since it allows customers to make secure payments. The rapid growth of contactless smart cards is being driven by a multitude of factors, including mobile device proliferation, new NFC standards, faster processing speeds, increased security concerns, and consumer demand for greater convenience.
The newly issued patent strengthens oti's growing presence in the contactless payment market, where oti's payment solutions have been certified by MasterCard, Visa, and others.
"Over the last 20 years, oti has continuously invested in innovation," noted Dimitrios Angelis, the company's chairman and CEO of oti America. "Through the patent system, we continue to create and protect the value of technology that has been developed by our world-class engineers. This patent supports our ongoing efforts to monetize our intellectual property through business operations, licensing and related arrangements."
About oti
On Track Innovations Ltd. (oti) is a leader in contactless and NFC applications based on its extensive patent and IP portfolio. oti's field-proven innovations have been deployed around the world to address NFC and other cashless payment solutions, petroleum payment and management, cashless parking fee collection systems and mass transit ticketing. oti markets and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Because such statements deal with future events and are based on oti's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of oti could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding oti's profitability from the Multi-Application Contactless Smart Card patent or other oti's patents and/or the successful monetization of oti's intellectual property and execution of oti's growth plans. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in oti's annual report on Form 20-F for the year ended December 31, 2012 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.
http://www.heise.de/tp/artikel/41/41008/1.html
Die Lizenzgebühren für das neue "U.S. Patent for Multi-Application Contactless Smart Card" werden gewaltig sein, falls die großen globalen Kartenhersteller das Produkt in ihre Palette aufnehmen.
Dann dürfte es wohl günstiger sein, ca. 5% Lizenzgebühren zu bezahlen, und zwar für jedes verkaufte Stück.
“Radio frequency identification card and hot lamination process for the manufacture of radio frequency identification cards”
As a result of the settlement, OTI has licensed Leighton Technologies’ portfolio of six “Contactless Cards” and related technology patents at a 5% royalty rate. The Leighton patent portfolio covers a hot lamination process for the manufacture of contact and contactless smart cards and RFID cards.
“We are pleased to have reached an amicable resolution of this case,” said Anthony Amaral, Chief IP Counsel of General Patent Corporation.
This settlement resolves claims against OTI in Leighton Technologies LLC v. On Track Innovations, Inc., et. al. (13-CIV-8037), filed in U.S. District Court for the Southern District of New York on November 12, 2013. Leighton Technologies was represented by Kheyfits & Maloney LLP of New York, New York.
OTI is the twelfth licensee of the Leighton patents. Ubinet Incorporation of Taiwan and Parallax, Inc. have both recently taken a license under the Leighton patents, both at Leighton’s standard 5% royalty rate.
Other Events
Item 8.01. Other Events.
On March 3, 2014, On Track Innovations Ltd. ("OTI") announced the closing of the sale of its wholly owned German subsidiary, Intercard System Electronics GmbH ("Intercard"), to a private party. Intercard manufactures electronic assemblies and devices, including OTI's NFC readers and other non-OTI related products. The consideration for the sale of Intercard includes an upfront payment of �700,000 and future debt payments of certain amounts, as well as preferred pricing for Intercard services for the ongoing manufacturing of OTI readers.
Schauen wir mal die Fortschritte des neuen Managements an. Denke das immer
noch keine schwarze Zahl herauskommen wird. Erst bei Q2 zahlen hoffe ich endlich
darauf. Aber lets see
und mit der Zahlung von Supercom gehe ich von schwarzen Zahlen für Q4 (0,25$/Aktie) und auch für 2013 (0,12$/Aktie) aus, wenn sie entsprechend (wie die Rückstellungen für die Bashan´s) verbucht werden.
On Track Innovations is one of five companies competing for NACHA Payments Systems Award
http://www.timesofisrael.com/...for-top-industry-award/#ixzz2wL7bHZHE
Google Wallet: könnte einen super Push-up geben!
On Track Innovations Ltd. (oti) (OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has been named the silver medal winner of the 2014 PYMNTS Innovator Award in the "Best Comeback Story" category. Competitors in the category included Google, Blue Snap, Prosper and Earthport.
"We"re honored to be recognized for the tremendous product development and new major customer wins we achieved over the last year," said Ofer Tziperman, oti"s CEO. "This reflects how we"ve strengthened our board of directors and executive team, divested non-core businesses, and refocused on our core NFC-based payment technology.
"As a result, we have been able to reinvigorate our growth while reducing costs, as well as expand key relationships with industry leaders like with MasterCard and Visa, who have certified the oti payment products hence accelerated the adoption of oti"s technology in the NFC payment industry. We have been a comeback story of which every employee can be proud."
The winners of 2014 PYMNTS Innovator Award were selected among 500 companies, which were announced yesterday during the closing ceremony of The Innovation Project 2014. The two-day event, which was hosted by PYMNTS.com, highlighted the rapidly changing payments and commerce ecosystem, including the reinvention of retail, digital cash, security, global commerce and the consumer experience. Judges included executives from venture capitalist firms of Bain Capital Ventures, Continental Advisors, Commercial Ventures, Global Economics Group, NACHA, Menlo Ventures, General Atlantic, Market Platform Dynamics and Flybridge Capital Partners.
By Cate Chapman (@journo2u)
OTI GOES FISHING IN NFC WATERS
Oti has spent the last decade refocusing on what it does best: providing cashless payment solutions to such industries as vending, parking and petroleum that need them.
In fact, the company won the silver medal for Best Comeback Story at the PYMNTS Innovator Awards ceremony, held last week at Annenberg Hall on the campus of Harvard University. The event, on the final evening of Innovation Project 2014, is viewed as the most prestigious recognition awards in the payments industry and dozens of companies represented there vied for medals and other honors in more than 15 categories.
Key to this comeback has been the latest innovation in the company"s Near Field Communication (NFC)-based technology, which won certification last month for inclusion on Visa"s compliant products list. The new OTI WAVE is an NFC add-on for smartphones, tablets and PCs.
"With certification from two of the world"s largest payments networks – Visa and MasterCard – our WAVE technology platform is poised for large-scale implementation with banks, payment card providers, public transportation projects, loyalty and rewards programs" and others, said Ofer Tziperman, oti"s CEO.
The key fob device can also be used separately for electronic payment at mass transit gates and vending machines. When the pre-paid balance runs low, it can be plugged into a smartphone to add funds to its ePurse.
Such innovation and streamlining, including the sale of its ID card business, contributed to a rebound in sales and profit last year. Oti reported net income of $2.1 million in the third quarter, versus a net loss of $2.6 million a year earlier. Revenue rose 27 percent to $6.8 million, driven primarily by a more-than-doubling of sales of NFC readers to the U.S. market.
The U.S. market
The readers allow vendors to retrofit their machines to accept cashless payments, a development that tends to increase the value and number of purchases by consumers. There are currently about 9 million, mostly cash-operated vending machines in the U.S. that the company is targeting, Tziperman said.
Oti is also making inroads with its NFC devices into the U.S. parking market. The company has sold systems that allow local governments to collect fees and data more efficiently to Austin, Texas, and Concord, N.H.
"It"s a no-brainer for the municipality," said Tziperman. "It"s expensive to maintain meters."
The NFC devices, easily affixed by consumers to the windshields of their cars, for example, can help them avoid over- or under-spending at a meter, while allowing municipalities to reap data on revenue collection and the availability of spaces.
Fuel and beyond
Data is also critical to oti"s petroleum business, where it has introduced a "Moon Tag," or smart read-write strip mounted around the fuel inlet of a vehicle. A nozzle fitted with the reader automatically establishes communication when inserted into the vehicle. Once payment card details are verified, fuel can be dispensed.
This evolution in the company"s "EasyFuel Plus" system, originally designed for commercial fleet owners, makes it friendly to consumers, who will now be able to pay for fuel without swiping their credit card or going into a convenience store, Tziperman said. Loyalty points can also be awarded automatically.
Oti, founded 24 years ago, is enjoying a renaissance, according to Tziperman, who himself returned a few years ago to the company he helped to start.
"Our claim to fame is that we are not a startup," he said. "We have a wide array of patents, with proven field technology in 56 countries and a platform that can accommodate all niche markets."