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Topic “OTI”

Makers of NFC Accessories Targeting iPhone Contend Their Market is Not Lost

NFC Times Exclusive: Despite the announcement by Apple of its first NFC-enabled iPhone, released Friday, promoters of NFC-enabled attachments targeting the iPhone contend they will not lose business.

OTI Names Reader Customers; Discusses Wave Pilots; Possible iPhone Impact

NFC Times Exclusive: Ofer Tziperman, CEO of Israel-based NFC reader maker OTI, has named two of its largest reader customers in the North American market in an interview with NFC Times.

Contactless Reader and NFC Vendor OTI Reports Higher Sales

Israel-based On Track Innovations reported new orders for its NFC and contactless readers in North America, along with the first shipments of its NFC-enabled Wave attachment, driving higher revenue, though the vendor’s quarterly losses continued.

OTI Reports Increased Sales for Q1, Predicts Long-Elusive Quarterly Profit by 2015

Israeli-based NFC and contactless vendor On Track Innovations reported increased revenue, but also failed to cut losses for the first quarter, though CEO Ofer Tziperman predicted positive adjusted EBITDA by the first quarter of 2015.

Financial Review: Publicly Traded NFC Vendors Show Mixed Results for 2013

NFC Times Exclusive: All publicly traded vendors across the NFC ecosystem have filed their year-end earnings reports, and the results show a mixed bag of promising sales for contactless and EMV technology, continued restructuring and expected challenges ahead with the advent of host-card emulation.

OTI Lowers Losses as It Continues Turnaround Efforts but Offers No Time Frame for Turning a Profit

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.

OTI Credits Revenue Gain to Higher Sales of Contactless Readers in U.S.

Israel-based NFC and contactless technology supplier On Track Innovations reported revenue for the third quarter increased by 27% to $6.8 million, driven by a more than doubling in sales of such payments products as contactless readers of point-of-sale terminals in the U.S. and expansion of equipment for transit-ticketing in Poland.

OTI Announces $10 Million Contactless Reader Contract for North America

Israel-based NFC and contactless technology vendor On Track Innovations will ship 40,000 contactless payment readers to the U.S. by the end of 2013 as part of a $10 million, three-year contract.

OTI Cuts Losses in First Half; New Directors Buy Shares

NFC and contactless vendor On Track Innovations announced reduced losses in the second quarter and first half, along with share purchases by its directors; while a court ruling allows the company’s patent suit against T-Mobile USA to proceed.

People on the Move: Charrat Departs Inside; Bashan Makes Final Exit from OTI

Inside Secure co-founder Bruno Charrat, who helped guide the NFC and contactless chip vendor’s technology roadmap for more than 17 years, has left the company.

HEADLINE NEWS

Japan’s NFC Device Rollout Tops 20 Million, Though Still Few Places for Consumers to Use Them

Japan’s rollout of phones and tablets supporting standard NFC technology has topped the 20 million mark, with Japan’s three major mobile operators deploying the handsets with NFC chips along with domestic FeliCa technology. But Japanese consumers still have few places to use the hybrid devices.

Apple to Launch Payments Service on Monday in U.S., Shuns Support for NFC in Tablets

Oct 17 2014 (All day)

Apple’s new tablets, the iPad Air 2 and iPad mini 3, unveiled today, will support the Touch ID fingerprint sensor to enable users to make purchases in apps with Apple Pay, but not in stores with NFC.

Despite NFC-Enabled iPhone and Watch, Hotels Appear to be Opting for BLE for Phone-Based Door Keys

NFC Times Exclusive: Several hotel chains are planning to start equipping certain properties with door locks supporting Bluetooth low energy by the early part of next year, or are seriously investigating the technology, which enables guests to enter their rooms with keys stored on their smartphones, Legic Identsystems, one of the technology vendors involved, told NFC Times.

China UnionPay Reportedly Strikes Deal with Samsung to Use Embedded Chips

Oct 9 2014 (All day)

Samsung Electronics reportedly says it has an agreement with payment network China UnionPay that would enable embedded chips in more than 3 million of its devices in China with China UnionPay’s contactless-payments service, though no banks have yet been mentioned as issuers.

NFC Forum Launches ‘Tap Into NFC’ Developer Program, Though Apple’s Platform Remains Closed

As the NFC Forum launches a new program to attract more application developers to the NFC ecosystem, the organization told NFC Times that it is encouraged by Apple’s adoption but considers it likely that the NFC developer community will focus on Android for the near future.

Taiwanese Telco Launches NFC; Implementation Issues with Mifare Limits Handset Models

Oct 2 2014 (All day)

TAIPEI, Taiwan – Taiwan’s largest telco, Chunghwa Telecom, Wednesday announced the launch of its long-planned NFC commercial service, enabling MasterCard PayPass credit cards from four banks, along with one of the first mobile NFC services supporting a Mifare transit purse, EasyCard.

Taiwan’s No. 1 Telco Prepares to Announce NFC Commercial Launch

Oct 1 2014 (All day)

Taiwan’s largest mobile operator, Chunghwa Telecom, will announce the small commercial launch of NFC service on Wednesday, with participation from MasterCard Worldwide, four major banks and the island nation’s largest transit and retail e-purse, EasyCard, NFC Times has learned.

People on the Move: Visa Europe’s Director of Mobile Joins Apple

Apple has hired Visa Europe’s director of mobile, Mary Carol Harris, as the tech giant gears up for its expected launch of Apple Pay in Europe later next year.

Makers of NFC Accessories Targeting iPhone Contend Their Market is Not Lost

NFC Times Exclusive: Despite the announcement by Apple of its first NFC-enabled iPhone, released Friday, promoters of NFC-enabled attachments targeting the iPhone contend they will not lose business.

NFC Forum Adds Long-Awaited Analog Testing to Its Device Certification Program

The NFC Forum has added the final major component to its device certification with the addition of analog testing, but the impact of the development on handset makers’ willingness to submit their devices for certification remains to be seen.

Softcard Hopes to Quiet Critics in Announcing Support From Major Fast-Food Chain

Just when many industry observers were counting Softcard out in the wake of Apple’s announcement of Apple Pay, the mobile carrier joint venture formerly known as Isis today announced a deal with its biggest merchant to date, the Subway sandwich fast-food chain.

Spain’s Bankinter Launches HCE Commercially

Spanish bank Bankinter has launched its long-anticipated mobile-payments service based on host-card emulation, after being one of the first banks to propose an HCE-enabled service.