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February 26, 2014
08:39 EDTOTIVOTI granted new U.S. patent for multi-application contractless smart card
On Track Innovations has been issued a new patent by the U.S. Patent and Trademark Office that enhances its innovations in the field of contactless smart cards. The new U.S. patent No. 8,651,387, titled "Multi-Application Contactless Smart Card," describes a multi-application contactless smart card system and method that allows a user to select an application using a unique switching mechanism located on board the smart card. This innovation allows, for example, the accommodation of several 'application cards' on the same physical card.
News For OTIV From The Last 14 Days
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September 23, 2014
10:57 EDTOTIVOn Track Innovations and ABnote launch NFC mobile payment trial
Earlier today, ABnote and On Track Innovations announced they have launched a major NFC mobile electronic payment trial with one of the largest financial institutions in North America. The pilot program pairs oti's WAVE device with ABnote's secure provisioning and mobile wallet, and represents the first NFC deployment under a business and technical collaboration the companies formed last year. Shares of On Track Innovations are up almost 8%, or 23c, to $3.15 in late-morning trading.

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