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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw	10/31/2012 1:49:55 PM
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OTI Introduces the First Plug-In Solution to Turn Mobile Phones Into NFC Based Mobile Payment Devices finance.yahoo.com The New COPNI Wave, Based on OTI's Patents and IP, to be Launched at CARTES 2012 Exhibition & Conference in Paris Next Week The industry's first plug-in mobile payment solution that enables existing mobile devices to support Near Field Communication (NFC) functionality and contactless payments by simply adding a small accessory through the headphone jack will be unveiled and on display at the CARTES 2012 Exhibition & Conference, booth 4 M 052, November 6-8, in Paris. OTI's new COPNI(TM) Wave (Contactless Payment and NFC Insert) version is the industry's first PLUG IN solution that allows issuers to offer an NFC accessory to support mobile payments without the need to open or install anything in the phone itself. The COPNI Wave delivers another innovative post-market mobile payment solution to mobile communications providers, banks, retail merchants, or any other business that wants to empower their customers to do more with their mobile devices. COPNI Wave was developed as an add-on to mobile phones that simply plugs into a device's existing headphone jack, while still maintaining the ability to connect the headphone in parallel to the device, so consumers can listen to music and use COPNI Wave to pay at the same time. OTI's latest product design advances this concept by eliminating the need to open the device for installation. As a result, consumers will no longer have to wait to upgrade to an NFC-empowered mobile device to join the growing movement toward mobile payment options.

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