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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw10/13/2011 9:21:45 AM
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MTS, Russia's Leading Communications Group, Selects OTI's COPNI Mobile Payment Product for MTS's NFC Program
finance.yahoo.com

With the new program, LUKOIL retail customers use their mobile phone to pay for fuel transactions at the dispenser using a COPNI-enabled cell phone and accruing loyalty points for LUKOIL's loyalty program. OTI's COPNI(TM) (Contactless Payment and NFC Add-On) was selected after rigorous testing which represents the first commercial NFC project in Russia based on SIM-cards with SWP/HCI-protocol (Single Wire Protocol ("SWP") and Host Controller Interface ("HCI")). With COPNI, the service can be used with a wide range of currently available mobile phone models.
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