Source: On Track Innovations
On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless payment solutions based on contactless transactions and near-field communication (NFC), has received certification from ISIS, a mobile commerce joint venture between AT&T Mobility, T-Mobile USA, and Verizon Wireless, for OTI's complete line of Saturn NFC-enabled sales terminals and software.
"Receiving certification from ISIS provides additional validation of our NFC technology platform," said Ofer Tziperman, OTI's CEO. "The recent nationwide launch of the ISIS Mobile Wallet marks a major milestone for the NFC industry. As this initiative gains momentum with the support of some of the world's largest mobile operators and payment card companies, OTI is very well positioned to capitalize on this sea-change."
The ISIS Mobile Wallet™ allows consumers to pay using their mobile device, by securely storing virtual versions of a customer's credit and prepaid cards, as well as coupons and merchant loyalty cards. Shoppers simply select a payment card and tap their smartphone on a NFC-enabled point-of-sale terminal like an OTI Saturn Reader. ISIS' Mobile Wallet transforms NFC-enabled Smartphones into virtual wallets, eliminating the need for physical cards and paving the way toward a wallet-less world.
"With over 20 years' experience providing field-proven NFC solutions, we look forward to supporting ISIS during this multi-billion dollar initiative," added Tziperman.
As a result of the ISIS certification, OTI's readers will be featured on the ISIS corporate website and other communication materials. ISIS has granted approval of OTI's readers for a period of 36 months. More information about ISIS can be found at www.paywithisis.com.