OTI deploys NFC payment solutions to a consortium of banks in Hong Kong, Taiwan and Macao

Tuesday 19 November 2013 10:54 CET | News

On Track Innovations, a global provider of cashless payment solutions based on contactless transactions and near-field communication (NFC) technology, has deployed a NFC payment system for a consortium of regional banks in Hong Kong, Taiwan and Macao. The deployment was made through its channel partner, Tradelink Electronic Commerce, a Hong Kong-based provider of e-commerce solutions.

The deployment includes OTIs NFC newly introduced WAVE audio-jack add-on device for smartphones, tablets and PCs. The patented WAVE device enables banking customers whose mobile devices do not have built-in NFC technology to perform contactless payment transactions, transforming their devices into digital wallets.

The WAVE connects to the devices operating system via the audio jack, allowing for PIN code authentication and Over-the-Air (OTA) functionalities such as reloading cash electronically, checking available balances, remote personalisation and downloading new applications.

Customers can add approved credit cards, payment cards and loyalty cards to their digital wallets via OTIs technology, allowing retailers to implement value-added services like loyalty programs, location based advertisements and promotions.

As an additional option, the WAVE can also support Public Key Infrastructure (PKI) for e-banking and online authentication, as well as cross border use during international travel.

Tradelink Electronic Commerce is a provider of e-commerce services for Hong Kong business community. Since 1997, Tradelink has been providing Government Electronic Trading services (GETS) for the trading community, initially under a 7-year exclusive franchise and currently under a licence till 2016. In addition to GETS, Tradelink also offers a range of B2B services and other related supply chain management solutions.

On Track Innovations 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.

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Keywords: OTI, NFC payment solutions, banks, Hong Kong, Taiwan, Macao
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce