News

OTI awarded patents for NFC payments

Tuesday 26 June 2012 11:12 CET | News

On Track Innovations (OTI), a global provider of contactless smart card services, has been awarded two patents for NFC payments.

The Retrofit Contactless Smart SIM Functionality in Mobile Communicators patent relates to adding NFC and contactless payment capabilities to existing mobile handsets through the connection of a device to a phones existing SIM card.

The Multi-Application Contactless Smart Card patent relates to supporting multiple applications and/or payment mechanisms on a single contactless device and operating system.

On Track Innovations designs, develops and markets secure identification, payment and transaction processing technologies and services for use in secure ID, payment and loyalty applications based on its patent and IP portfolio.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: OTI, NFC
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events