On Track Innovations Ltd. (OTI) founded in 1990, is a global company that focuses on creating contactless payment solutions. OTI does this through the use of NFC technologies.[1]
OTI’s products include telemetry, payment readers, and terminals for unattended & self-service markets such as vending, entertainment, and other services.
OTI is headquartered in YokneamIsrael with offices in America, Europe and Africa. The company retains an R&D site in Rosh Pinna Israel. OTI is traded on the QTCQX Global Market under the symbol OTIVF.[2]
In 1990,[3][4] a group of engineers founded OTI with the intention of developing contactless payment technologies. The first few years were spent on chip design, with a focus on contactless antenna interfaces, integrated as RFID products that worked with files and ran security functionalities.
On Track Innovations was among the first companies in the world to come up with the contactless dual chip Combi Card secured smartcard solution that upgraded a smart contact only chip card into a smart contact and contactless chipcard.[citation needed]
OTI was one of the first companies to develop a contactless smartcard operating system. Utilizing dual chip technology and integrating these dual chips and an RF antenna into an inlay, it enabled the mass production of standard thin contact/contactless smart cards.[citation needed]
In 1996, OTI became a member of SC17-WG8,[5] the committee that drafted the ISO/IEC 14443 (Proximity cards) and ISO15693 (Vicinity cards) standards. In 1999, OTI developed for Samsung a patented contactless technology for a contact/contactless smart cards that enables contactless communication for microprocessor-based smart cards.[6]
In 2002, OTI developed similar contactless technology as part of the Chinese national ID contactless cards project.[7][8] This technology was upgraded to fully support the more advanced ISO14443 standard. In the same year Mastercard decided to adapt the contactless technology for its smartcards and OTI served as key advisor in developing their own Contactless card standard and conducting the first field trials of this technology.[9]Visa followed with their VisaWay program. Then American Express[10] and others followed.
In 2005 and 2006 the company was awarded a Company of the Year Award by Frost & Sullivan.[11]
In 2007 OTI and STMicroelectronics introduced a fully certified product device which supports both MasterCard and Visa[12] contactless programs on a single chip microprocessor-based smart card.[13]
In the following years, OTI developed new technologies covered by multiple patents. These include patents for Smart Identification and Smart card readers,[14] a patent for contactless smart stickers, a multiple antenna reading system, multi-application contactless smart cards,[15] a patent for contactless smart SIM functionality retrofits[16] and others.
In 2016 OTI became one of the very first non-Japanese companies to achieve FeliCa certification as well as to achieve both EMV and FeliCa certifications.[17][18]
Subsidiariesedit
OTI PetroSmart,[19] a wholly owned subsidiary of OTI, was established in 2000 and is positioned as the exclusive Value Added Reseller of OTI’s Petroleum Products globally. EasyFuelPlus[20] is OTI PetroSmart’s scalable automated fuel management and payment solution based on OTI’s contactless smart card technology platform.
^"Samsung to Develop Smart Card Chip Based on Technology from Israeli OTI". Globes. 13 July 1998.
^"OTI to recognize revenues from Chinese smart card project in 2003". TheMarker.
^שולמן, מאת סופי (2 December 2002). "OTI will participate in a project for smart ID cards". הארץ.
^"OTI card reader selected for MasterCard trials in Florida". Globes. 2 April 2003.
^"OTI certified to support American Express contactless payment program". Globes. 2 December 2004.
^"On Track Innovations, Ltd. (OTI) to Present at Merriman Capital's Investor Summit 2010 on November 16th". NBC News. 8 Nov 2010.
^"STMicroelectronics and OTI contactless microcontrollers approved by Visa". Finextra. 19 October 2005.
^"OTI and ST Introduce the First Fully Certified Product Device to Support Both MasterCard and Visa Contactless Programs on a Single Chip". Electronicproducts. 25 October 2007.
^Hazani, Golan (22 March 2017). "Article about OTI (Heb)". Calcalist.
^"oti Granted New U.S. Patent for Multi-Application Contactless Smart Card". Yahoo finance. 26 February 2014.
^"Retrofit contactless smart sim functionality in mobile communicators". Google Patents.
^"A Global Leader in the Design, Manufacture, and Sale of NFC Based Secure Cashless Payment Products and Solutions: On Track Innovations (OTI) Ltd". The Silicon Review.
^Dautner, Mike (August 1, 2016). "OTI Receives Letter Of Intent From Major Japanese Retailer To Purchase 10,000 Readers And Telemetry Systems". PaymentWeek.
^"OTI Expands EasyFuel System to Consumer Market". Businesswire (Press release). 3 February 2014.
External linksedit
Business data for On Track Innovations Ltd: Google Finance | Yahoo! Finance |
April 12, 2024
track, innovations, this, article, contains, content, that, written, like, advertisement, please, help, improve, removing, promotional, content, inappropriate, external, links, adding, encyclopedic, content, written, from, neutral, point, view, february, 2023,. This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view February 2023 Learn how and when to remove this template message This article s tone or style may not reflect the encyclopedic tone used on Wikipedia See Wikipedia s guide to writing better articles for suggestions March 2024 Learn how and when to remove this template message On Track Innovations Ltd OTI founded in 1990 is a global company that focuses on creating contactless payment solutions OTI does this through the use of NFC technologies 1 On Track Innovations Ltd Traded asOTCQX OTIVFIndustryPayment systemFounded1990 34 years ago 1990 HeadquartersYokneam IsraelKey peopleAmir Eilam CEOProductscontactless payment solutionsWebsitewww otiglobal comOTI s products include telemetry payment readers and terminals for unattended amp self service markets such as vending entertainment and other services OTI is headquartered in Yokneam Israel with offices in America Europe and Africa The company retains an R amp D site in Rosh Pinna Israel OTI is traded on the QTCQX Global Market under the symbol OTIVF 2 Contents 1 History 2 Subsidiaries 3 References 4 External linksHistory editIn 1990 3 4 a group of engineers founded OTI with the intention of developing contactless payment technologies The first few years were spent on chip design with a focus on contactless antenna interfaces integrated as RFID products that worked with files and ran security functionalities On Track Innovations was among the first companies in the world to come up with the contactless dual chip Combi Card secured smartcard solution that upgraded a smart contact only chip card into a smart contact and contactless chipcard citation needed OTI was one of the first companies to develop a contactless smartcard operating system Utilizing dual chip technology and integrating these dual chips and an RF antenna into an inlay it enabled the mass production of standard thin contact contactless smart cards citation needed In 1996 OTI became a member of SC17 WG8 5 the committee that drafted the ISO IEC 14443 Proximity cards and ISO15693 Vicinity cards standards In 1999 OTI developed for Samsung a patented contactless technology for a contact contactless smart cards that enables contactless communication for microprocessor based smart cards 6 In 2002 OTI developed similar contactless technology as part of the Chinese national ID contactless cards project 7 8 This technology was upgraded to fully support the more advanced ISO14443 standard In the same year Mastercard decided to adapt the contactless technology for its smartcards and OTI served as key advisor in developing their own Contactless card standard and conducting the first field trials of this technology 9 Visa followed with their VisaWay program Then American Express 10 and others followed In 2005 and 2006 the company was awarded a Company of the Year Award by Frost amp Sullivan 11 In 2007 OTI and STMicroelectronics introduced a fully certified product device which supports both MasterCard and Visa 12 contactless programs on a single chip microprocessor based smart card 13 In the following years OTI developed new technologies covered by multiple patents These include patents for Smart Identification and Smart card readers 14 a patent for contactless smart stickers a multiple antenna reading system multi application contactless smart cards 15 a patent for contactless smart SIM functionality retrofits 16 and others In 2016 OTI became one of the very first non Japanese companies to achieve FeliCa certification as well as to achieve both EMV and FeliCa certifications 17 18 Subsidiaries editOTI PetroSmart 19 a wholly owned subsidiary of OTI was established in 2000 and is positioned as the exclusive Value Added Reseller of OTI s Petroleum Products globally EasyFuelPlus 20 is OTI PetroSmart s scalable automated fuel management and payment solution based on OTI s contactless smart card technology platform OTI America Inc OTI Europa Sp z o o References edit Company Page startupnationcentral On Track Innovations Ltd page CNN Business Article about OTI Calcalist July 2008 On Track Innovations Ltd USA OTIV to Deal with Bitcoins Shares Skyrocket 90 Yahoo Finance 18 December 2017 List of WG8 Documents wg8 Samsung to Develop Smart Card Chip Based on Technology from Israeli OTI Globes 13 July 1998 OTI to recognize revenues from Chinese smart card project in 2003 TheMarker שולמן מאת סופי 2 December 2002 OTI will participate in a project for smart ID cards הארץ OTI card reader selected for MasterCard trials in Florida Globes 2 April 2003 OTI certified to support American Express contactless payment program Globes 2 December 2004 On Track Innovations Ltd OTI to Present at Merriman Capital s Investor Summit 2010 on November 16th NBC News 8 Nov 2010 STMicroelectronics and OTI contactless microcontrollers approved by Visa Finextra 19 October 2005 OTI and ST Introduce the First Fully Certified Product Device to Support Both MasterCard and Visa Contactless Programs on a Single Chip Electronicproducts 25 October 2007 Hazani Golan 22 March 2017 Article about OTI Heb Calcalist oti Granted New U S Patent for Multi Application Contactless Smart Card Yahoo finance 26 February 2014 Retrofit contactless smart sim functionality in mobile communicators Google Patents A Global Leader in the Design Manufacture and Sale of NFC Based Secure Cashless Payment Products and Solutions On Track Innovations OTI Ltd The Silicon Review Dautner Mike August 1 2016 OTI Receives Letter Of Intent From Major Japanese Retailer To Purchase 10 000 Readers And Telemetry Systems PaymentWeek Homepage otipetrosmart OTI Expands EasyFuel System to Consumer Market Businesswire Press release 3 February 2014 External links editBusiness data for On Track Innovations Ltd Google Finance Yahoo Finance Retrieved from https en wikipedia org w index php title On Track Innovations amp oldid 1217709763, wikipedia, wiki, book, books, library,
