RFID Smart Cards Partnership ...

RFID Smart Cards: Ingenico and OTI Form Partnership in Secure Contactless Payment and Identification: Initial Deployments Will Support US Payment Market ...

OTI partners to advance RFID smart card technology for the US payment market ...

... "On Track Innovations Ltd, (OTI) (NASDAQ: OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based smart card solutions for homeland security and payments, announced a partnership with Ingenico North America. Ingenico and OTI will provide secure contactless solutions for the payment and identification markets. " ...

Established in 1990, OTI (NASDAQ: OTIV, Prime Standard: OT5) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, micro payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the prestigious ESCAT Award for smart card innovation in both 1998 and 2000.

With a 26.5% market share, Ingenico is the world's largest provider of payment and transactions systems used by banking, retail, petroleum, transportation and government agencies to accelerate and secure the flow of electronic commerce. The Company's 1,300 employees working in 29 subsidiaries, as well as a network of a hundred partners and distributors, ship over 1.5 million payment terminals annually to more than 90 countries. Ingenico, through an annual investment of over 8 percent of revenues in research and development, is producing increasingly efficient and secure payment systems that incorporate the UNICAPT 32 architecture and the latest EMV standards. These systems leverage the most advanced technology available, including biometrics, touch technology, RFID, GSM/GPRS, WiFi and Bluetooth communications, providing our customers with an efficient and versatile array of transaction solutions. Ingenico leverages this expertise and technology to provide solutions in markets requiring, highly secure applications such as purchasing cards, e-procedures, prepaid card reloading and electronic transaction flow management. This investment had enabled Ingenico to enter the emerging markets of electronic ID scanning, microchip-based healthcare cards and supply-chain traceability.