12/20/2023 0 Comments Os track![]() In the following years, OTI developed new technologies covered by multiple patents. In 2007 OTI and STMicroelectronics introduced a fully certified product device which supports both MasterCard and Visa contactless programs on a single chip microprocessor-based smart card. In 20 the company was awarded a Company of the Year Award by Frost & Sullivan. Then American Express and others followed. Visa followed with their VisaWay program. In 2002 Mastercard decided to adapt the contactless technology for its smartcards and OTI served as key advisor in developing their own Contactless card standard and conducting the first field trials of this technology. This technology was upgraded to fully support the more advanced ISO14443 standard. In 2002, OTI developed similar contactless technology as part of the Chinese national ID contactless cards project. In 1999, OTI developed for Samsung a patented contactless technology for a contact/contactless smart cards that enables contactless communication for microprocessor-based smart cards. In 1996, OTI became a member of SC17-WG8, the committee that drafted the ISO/IEC 14443 (Proximity cards) and ISO15693 (Vicinity cards) standards. Utilizing dual chip technology and integrating these dual chips and an RF antenna into an inlay, it enabled the mass production of standard thin contact/contactless smart cards. OTI was one of the first companies to develop a contactless smartcard operating system. On Track Innovations was among the first companies in the world to come up with the contactless dual chip Combi Card secured smartcard solution that upgraded a smart contact only chip card into a smart contact and contactless chipcard. The first few years were spent on chip design, specializing on contactless antenna interfaces, integrated as RFID products that worked with files and ran security functionalities. In 1990, a group of engineers founded OTI with the intention of developing contactless payment technologies. OTI is traded on the QTCQX Global Market under the symbol OTIVF. The company retains an R&D site in Rosh Pinna Israel. OTI is headquartered in Yokneam Israel with offices in America, Europe and Africa. OTI’s products include telemetry, payment readers, and terminals for unattended & self-service markets such as vending, entertainment, and other services. OTI uses NFC technologies among other things. (OTI) founded in 1990, is a global company that develops contactless payment solutions. ![]()
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