OTI receives Visa certification for its WAVE NFC device

Thursday 6 February 2014 09:17 CET | News

On Track Innovations (OTI), a global provider of cashless payment solutions based on contactless transactions and near-field communication (NFC) technology, has unveiled that its OTI WAVE technology has been certified for inclusion in Visa’s Compliant Products List. The OTI WAVE is an NFC add-on for smartphones, tablets and PCs.

The Wave is an audio jack plug-in NFC payment service, suitable for a number of applications and markets including mobile payments (debit, credit, e-purse), e-ticketing for transportation and events, PKI support, loyalty and e-coupon programs, healthcare applications and access control.

OTIs Wave can be used for electronic payment transactions even when disconnected from a customers device. When the pre-paid balance is running low, the Wave can be plugged into a smartphone to add additional money into the Waves ePurse.

The compliance recognition from Visa indicates the OTI WAVE is approved for issuance worldwide and that the OTI WAVE met certain operational characteristics, including the Visa Mobile Contactless Payment Specification and EMVCo’s Contactless Communication Protocol Specification.

OTI is focused on developing solutions around the world to address NFC payments, petroleum payment and management, cashless parking fee collection systems and mass transit ticketing.

In recent news, On Track Innovations has received certification from Isis, a mobile commerce joint venture created by AT&T, T-Mobile USA and Verizon Wireless, for OTIs complete line of Saturn NFC-enabled sales terminals and software.

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, On Track Innovations, Visa, certification, Wave, NFC, smartphones, tablets, PCs
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events