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OTI Reduces Growth Estimate and Pushes Back Positive EBITDA Prediction
By: Kiona Smith-Strickland Israeli-based NFC and contactless company On Track Innovations pushed back its prediction for positive adjusted EBITDA to the third quarter of 2015 and reduced its estimate...
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Taiwan’s Telco TSM Joint Venture Announces Launch Plans, but Faces Market...
Dec 30 2014 By: Dan Balaban NFC Times Exclusive Insight: TAIPEI, Taiwan – Taiwan’s mobile operator TSM joint venture Thursday announced plans to launch NFC service in the second quarter, following a...
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OTI Announces Wave Attachment for Taiwan, but Actual Deployment Small
By: Dan Balaban Israel-based NFC vendor On Track Innovations has announced the deployment of its NFC-enabled Wave smartphone attachment in Taiwan, targeted for the iPhone, though only 10,000 units...
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USA Technologies’ Support for Apple Pay Includes No New Terminals
By: Kiona Smith-Strickland NFC Times Exclusive– An announcement Tuesday by USA Technologies of a “nationwide rollout of (200,000) new acceptance points for Apple Pay” was merely a show of support for...
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On Track Innovations CEO Resigns; Failed to Cut Losses or Significantly...
By: Dan Balaban and Kiona Smith-Strickland NFC Times Exclusive Insight – Israel-based contactless reader and NFC company On Track Innovations Tuesday announced the resignation of CEO Ofer Tziperman...
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UPDATED: OTI Gets Favorable Ruling in NFC Patent Infringement Case; Reports...
Mar 31 2015 By: Kiona Smith-Strickland NFC Times Exclusive Insight – A U.S. district court judge has ruled that T-Mobile USA infringed an NFC patent held by Israel-based On Track Innovations.Related...
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Profits Remain Elusive for Contactless Reader and NFC Tech Supplier OTI
By: Kiona Smith-Strickland NFC Times Exclusive Insight – Israel-based On Track Innovations reported continued negative adjusted EBITDA and didn’t announce any new major reader sales during a recent...
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Vendors Say Mobile Payments at Vending Machines on the Rise
By: Kiona Smith-Strickland NFC Times Exclusive Insight – Suppliers of cashless payment for vending machines predict the rollout of Apple Pay, along with planned introduction of Android Pay, will...
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OTI Names New CEO, as Two Key Board Members Resign and Share Price Struggles
By: Kiona Smith-Strickland NFC Times Exclusive Insight – Israel-based On Track Innovations is undergoing a major change of leadership after its board of directors named a new CEO yesterday and two...
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UPDATED: Losses Continue in Second Quarter for OTI as New CEO Takes Reins
Aug 11 2015 By: Kiona Smith-Strickland NFC Times Exclusive Insight – The new CEO of Israel-based On Track Innovations, Shlomi Cohen, is starting his tenure with the announcement by the company of...
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USA Technologies: Nearly 300,000 Vending Machines Accept NFC; Apple Pay,...
By: Kiona Smith-Strickland NFC Times Exclusive Insight – U.S.-based unattended retail payments company USA Technologies had nearly 300,000 NFC-enabled cashless payment terminals connected to its...
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OTI Files New NFC Patent Suits, Targeting AT&T and Verizon
By: Kiona Smith-Strickland NFC Times Exclusive Insight – NFC and contactless vendor On Track Innovations has filed new patent infringement lawsuits against U.S. telcos AT&T and Verizon Wireless,...
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OTI Share Price Falls After Disappointing Q3 Earnings Report
By: Kiona Smith-Strickland NFC Times Exclusive Insight – Three months after new CEO Shlomi Cohen took the reins, Israel-based NFC and contactless vendor On Track Innovations reported a 31% sequential...
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OTI Announces Partnership to Supply Readers, Though Share Price Trades Near...
Jan 26 2016 By: Istvan Fekete NFC Times Exclusive Insight – Israel-based On Track Innovations has announced a partnership with an undisclosed global provider of magnetic card readers whose products...
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Banks Warm to Idea of Cardless ATM Transactions; NFC Could Play Leading Role
By: Istvan Fekete NFC Times Exclusive Insight – Cardless ATM transactions are little more than a novelty now, but momentum is building, with three major U.S. banks, JPMorgan Chase, Bank of America...
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Analysis: OTI Attempts Further Move into Services; Seeks to Enable Payments...
By: Dan Balaban and Istvan Fekete NFC Times Exclusive Insight – Israel-based contactless reader and NFC vendor On Track Innovations is hoping a planned move into services, including enabling the...
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OTI Cuts Costs, Reports New Orders, but Road to Profitability Remains Long
By: Istvan Fekete and Dan Balaban NFC Times Exclusive Insight – Six months after taking the helm of Israel-based On Track Innovations, CEO Shlomi Cohen is seeking to convince investors he can turn...
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OTI Takes Steps to Reach Profitability, But Remains Mum on Guidance
By: Istvan Fekete NFC Times Exclusive Insight – On Track Innovations CEO Shlomi Cohen sought to reassure investors that the company he took over nine months ago is more competitive and is moving...
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OTI Continues to Cut Costs and Position Itself for Growth, but Won’t Project...
By: Dan Balaban and Istvan Fekete NFC Times Exclusive Insight – Contactless reader and NFC vendor On Track Innovations reported lower expenses and says it has positioned itself to earn more revenue...
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Long-Struggling OTI Makes Progress Toward Achieving Profitability; Still...
By: Istvan Fekete NFC Times Exclusive Insight – After years of effort, Israel-based contactless reader and NFC vendor On Track Innovations achieved a rare quarterly operating profit from continuing...
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