On Track Innovations Ltd. (OTIV) Message Board

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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw	2/14/2011 7:49:24 AM
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On Track Innovations (OTI) Receives Initial Orders for Its Retrofit COPNI Mobile Payment Product finance.yahoo.com COPNI Provides Mobile Network Operators With a Post-Market Solution for Payments, NFC and Dynamic Management of Applications ISELIN, N.J., Feb. 14, 2011 (GLOBE NEWSWIRE) -- On Track Innovations Ltd., (OTI) (Nasdaq:OTIV), a global leader in contactless smart card solutions, has received initial orders for its recently announced contactless mobile payment product. OTI's COPNI(TM) (Contactless Payment and NFC Insert) enables mobile network operators (MNOs) to support Near Field Communication (NFC) functionality and contactless payment applications from major card associations, mass transit ticketing (with MIFARE support) as well as loyalty programs and other proprietary programs. COPNI is an NFC add-on to mobile phones and is independent of the SIM, handset type and model. A COPNI-enabled mobile phone is a platform that enables MNOs to dynamically manage applications such as e-coupons and loyalty programs. Simply tapped near a contactless reader, the COPNI-enabled mobile phone can be used in a broad range of payment transactions including prepaid, credit and debit, as well as loyalty programs and other NFC related applications.

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