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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw	5/5/2011 8:26:09 AM
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Turkcell, Turkey's Largest Mobile Network Operator Selects OTI's COPNI Mobile Payment Product for Turkcell's NFC Program finance.yahoo.com Turkcell, Turkey's largest mobile network operator with over 33 million subscribers, has chosen OTI's COPNI mobile payment solution for its near field communication (NFC) program, that is launched as "Turkcell Cep-T Cuzdan". Turkcell has commenced a rollout of an NFC program, with initial focus on contactless payment applications that will enable to increase transaction flow and provide additional business, as well as strengthen even further Turkcell's position as a leading technology and service provider for the Turkish market. OTI's COPNI(TM) (Contactless Payment and NFC Insert) enables Turkcell's own branded handset the T10 to support NFC functionality and contactless payment applications from major card associations. Following payment applications, other applications such as transportation, ticketing or loyalty will be available to Turkcell Cep-T Cuzdan subscribers by the end of the year, and customers will experience the real wallet concept with the convenience of their mobile equivalent.

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