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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.

U.S.-based startup Sequent has acquired what appears to be the remaining operational assets of former contactless reader and NFC software vendor Vivotech, purchasing Vivotech’s software unit.

U.S.-based Vivotech is moving closer to liquidation, with the NFC company confirming that it recently entered into an assignment for the benefit of creditors agreement, a process by which the company’s assets would be sold to pay creditors.

Vivotech announced today it has sold its reader business to U.S.-based ID Tech, a maker of contactless, magnetic-stripe, bar code and other readers and PIN entry devices.

U.S.-based contactless reader and NFC software vendor Vivotech has told employees that it plans to cease operations, NFC Times has learned.

Dave Wentker, considered the No. 2 man in Visa Inc.’s mobile-payment unit and a former vice chairman of the NFC Forum, has left the payment network after more than 15 years, NFC Times has learned.

Contactless reader and NFC software vendor Vivotech announced today a new funding round, which it said brings the amount of its total venture capital financing to nearly $100 million over more than 10 years.

The Isis mobile operator joint venture has announced that four major point-of-sale terminal and contactless reader vendors have licensed its mobile-commerce application, as the venture gears up for its soft launch in two cities this summer.

While U.S.-based Vivotech has not been profitable during its first 10 years, investors in its latest funding round apparently believe the vendor is well-positioned to take advantage of the Google-style push for NFC-based mobile commerce.