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Stock Market & Financial Investment News

News Breaks
June 5, 2014
08:33 EDTOTIVOn Track Innovations signs five-year Arlington county cashless parking contract
On Track Innovations has signed a five-year contract to help manage more than 5,000 on-street parking spaces in Arlington County, Virginia. Arlington County was one of the first areas in the U.S. to adopt cashless parking solutions. otiís EasyPark in-vehicle parking device will replace the countyís existing iPark system. The agreement includes general and financial management services, parking fees collection, and customer support services.
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.
September 10, 2014
10:19 EDTOTIVOn Track, USA Technologies rise after Apple Pay seen as positive
Shares of On Track Innovations (OTIV) and USA Technologies (USAT) are moving higher after research firm Northland Capital predicted that both companies would benefit from the launch of Apple's (AAPL) mobile payment system which is based on NFC technology. On Track Innovations sells contactless/NFC readers, while USA Technologies provides products that facilitate electronic payment transactions. WHAT'S NEW: In a note to investors today, Northland Capital analyst Michael Latimore wrote that his discussions with vending operators indicate that Apple Pay will likely provide a major impetus to upgrade payment terminals, benefiting On Track Innovations and USA Technologies. On Track Innovations has gained share in the contactless/NFC reader market and now sells these readers to most of the vending operators in the U.S., Latimore stated. Accelerated adoption of contactless/NFC technology will help increase the number of contactless/NFC readers that are sold, the analyst believes. Meanwhile, US Technologies' cloud services revenue could accelerate as more vending operators deploy NFC readers, Latimore added. The analyst kept Outperform ratings on both stocks. PRICE ACTION: In early trading, On Track Innovations soared 42% to $4.70, while USA Technologies advanced 7% to $2.20. VeriFone (PAY), which sells point of sale electronic payment devices, gained 4% to $36.
09:26 EDTOTIVOn Track and USA Technologies to benefit from Apple Pay, says Northland
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September 9, 2014
13:50 EDTOTIVNXP Semiconductors turns positive after Apple confirms NFC in new iPhone
Shares of On Track Innovations (OTIV) are still negative but moving higher.
13:47 EDTOTIVNXP Semiconductors off lows as Apple unveils 'Apple Pay' service
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