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Near Field Communication and all contactless technology

Israel-based contactless and NFC vendor On Track Innovations announced Monday it had received an order for 30,000 readers for point-of-sale terminals at retail gasoline stations in North America.

Israel-based contactless and NFC vendor On Track Innovations today reported revenue fell by 22% in 2012 to US$40 million, and losses widened to $17.4 million for the year.

The board of Israel-based On Track Innovations has named a new CEO to lead the struggling contactless and NFC vendor, following the ouster in December of company co-founder Oded Bashan from the post.

The 10-year anniversary of the official birth of NFC came and went quietly on Sept. 5, 2012.

Facing growing pressure from a dissident shareholders group, Oded Bashan has submitted his resignation as chairman of Israel-based contactless and NFC vendor On Track Innovations, a company he co-founded 22 years ago.

Two members of the board of Israel-based On Track Innovations have resigned, following pressure from dissident shareholders seeking to capture control of the board of the financially struggling contactless and NFC supplier.

The second-largest shareholder of Israel-based contactless and NFC vendor On Track Innovations is keeping up the pressure as he and his allies wage a battle for control of the company against its board and co-founder, Oded Bashan.

Turkey’s largest mobile operator, Turkcell, plans to introduce its own branded NFC phone, an Android model made for it by Chinese manufacturer Huawei, NFC Times has learned.

Turkey’s largest mobile operator, Turkcell, has announced its long-promised commercial launch of NFC services, though it apparently has only one full NFC phone available so far.

CPI Card Group, the largest supplier of contactless payment cards in the U.S. market, has announced it would begin buying contactless chips from NXP Semiconductors, which would represent a new second source of supply.