In the first full year since a takeover ousted former CEO and co-founder Oded Bashan, Israel-based NFC and contactless company On Track Innovations showed some progress in its efforts to turn around the chronically unprofitable company, in part by focusing on sales of contactless point-of-sale terminals.
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.
NFC Times Exclusive Insight – PayPal is trialing NFC mobile payments, CEO-designee Dan Schulman said during eBay’s first quarter earnings call, but the company continues to be cautious about embracing NFC.
NFC Times Exclusive – U.S.-based chip vendor Broadcom is the latest component supplier to make a play for the market for NFC-enabled mobile point-of-sale devices, expected to see strong demand as mobile-payment services like Apple Pay continue to expand.
NFC Times Exclusive – Samsung’s NFC payments platform, Samsung Pay, is due to launch in the summer in the U.S. and South Korea. But it’s not the only payments service planned for Samsung’s new flagship smartphone, the Galaxy S6.
NFC Times Exclusive Insight – Australia’s AMP Bank said it chose to launch mobile-payments with host-card emulation over other NFC technologies because of the “wider reach” the technology offers, since it’s “available to all NFC-enabled Android mobile phones running KitKat or later,” the bank’s director digital, Michael Weeding, told NFC Times.
NFC Times Exclusive Insight – New Zealand joint venture Semble has launched its SIM-based NFC mobile wallet, after delays and the decision by of two of the country’s big four banks to launch mobile payments from their own apps using host-card emulation.
NFC Times Exclusive Insight – Another major New Zealand bank has announced plans to launch NFC payments with host-card emulation, snubbing a joint venture set up to launch SIM-based NFC on the island nation.
NFC Times Exclusive Insight – Windows 10 for phones, set to be released later this year, will support host card emulation, or HCE, based NFC payments, Microsoft revealed at a recent Windows event in China.
NFC Times Exclusive Insight –Germany-based Giesecke & Devrient confirmed it is providing the host-card emulation technology for Commonwealth Bank’s commercial HCE launch this month of Tap & Pay from the bank’s Android-based mobile-banking app.