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On Track Innovations Ltd.: erhält Folgeauftrag

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548 Postings, 5799 Tage edugatOtiv-Technologie im Test, der Kurs fällt, warum?

 
  
    
11.07.06 22:10
 MasterCard, MTA and Citigroup Trial Fast and Convenient ''Tap & Go(TM)'' Payments in Select NYC Subway Stations; NYC Subway Trial Participants to Speed Through Turnstiles with a Tap

PURCHASE, N.Y.--(BUSINESS WIRE)--July 11, 2006--MasterCard Worldwide, the Metropolitan Transportation Authority, MTA New York City Transit and Citi Cards and Citibank today announced the beginning of a six-month contactless payment trial in select New York City subway stations with pre-selected Citi credit card and Citibank customers. The goal of the NYC Subway Trial is to evaluate the benefits of contactless payment technology in the busy NYC subway environment. The trial will take place at select Lexington Avenue Line 4, 5, 6 stations, between the 138th Street stations in the Bronx, two stations in Queens, and Borough Hall Station in Brooklyn.

New York Giants running back and quintessential New Yorker, Tiki Barber, was onsite today at the Times Square Shuttle platform in Grand Central station to help launch the trial and to conduct the first ceremonial "Tap & Go" payment.

Using contactless payment technology, powered by MasterCard(R) PayPass(TM), participants in the subway trial will be able to pay for their fare at the point of entry by simply tapping their contactless Citi credit card, Citibank MasterCard debit card or payment tag on a specially equipped reader built into the subway turnstile. These specially equipped turnstiles feature a graphic (a white asterisk mark on a circular green background) that is unique to the trial, so that participants know which turnstiles accept their cards or payment tags. The cards and payment tags can also be used at any MasterCard PayPass merchant location in the U.S. and globally. The payment tag conveniently fits on a key chain, and both the tag and card allow for everyday small purchases to be completed quickly, securely and easily, without needing to fumble for cash and coins.

"The MTA is pleased to have the opportunity to work with MasterCard and Citigroup to learn more about their approach to contactless payment technology for transit," said Metropolitan Transportation Authority Chairman Peter S. Kalikow. "Our goal in this trial is to evaluate the potential of contactless payments to simplify fare payment for customers who travel throughout the MTA network, while also evaluating its operating efficiencies."

Trial participants can use their Citi credit card, Citibank debit card or payment tag in two ways to gain entry to the subway: "pre-pay" or "pay as you go." Both options allow trial participants to access a website or call center to retrieve ride history and details of charges.

   --  "Pre-pay": Trial participants will have the ability to pre-pay
       for their rides by registering their Citi credit card,
       Citibank debit card or payment tag online or via the telephone
       where they will be eligible for the MTA 20% bonus. Pre-pay
       service allows the rider to fund a transit account using a
       Citi credit card or Citibank debit account. The transit
       account will automatically be replenished when the balance
       falls below a set amount.

   --  "Pay-as-you-go": Trial participants will also have the ability
       to pay-as-they-go without registering their card or payment
       tag. Instead of stopping in stations or elsewhere to buy a $2
       card for a subway ride, participants simply tap their
       contactless Citi credit card, Citibank debit card or payment
       tag at the reader on the turnstile to pay for a ride.

During the first four months of the trial, all participants in the trial will receive three free rides compliments of Citibank and MasterCard. Participants who pre-pay on the website will receive an additional three free rides, for a total of six free rides.

"Citigroup is always looking for ways to make the lives of its customers easier. As a leader in innovative products and services, contactless payment is a very important feature for Citigroup. We understand the significant speed, convenience and security benefits it can provide, especially to New York City's busy commuters," said Amy Radin, Chief Innovation Officer, Global Consumer Group, Citigroup. "We expect the NYC Subway Trial to be well received by our participating customers and look forward to seeing the results."

"Time is the new currency," said Art Kranzley, Group Executive, Advanced Payments, MasterCard Worldwide. "PayPass is ideal for quick payment environments where speed is essential and anyone who has ever commuted through the NYC subway system understands the importance of saving even a few seconds."

The new Citi and Citibank payment tag leverages technology from On Track Innovations Ltd, (OTI) (NASDAQ: OTIV), a global leader in contactless microprocessor-based smart card solutions. Ziba, an internationally recognized design consultancy, designed the Citi and Citibank payment tag based on customer insights.

ACS, a world leader in providing end-to-end fare collection solutions, is providing back-office payment platform services for the trial and also provided installation support. Dione, a Lipman Engineering company, provided its Dione Secura module for use as the contactless terminal in the subway trial.

For additional information regarding the NYC Subway Trial, please visit www.mastercard.com/subwaytrial. Also, an audio Podcast will be available (concluding the July 11th media event at approximately noon EST) via New York City Transit's TransitTrax page at http://mta.info/nyct/transittrax.htm.

   ** NOTE TO MEDIA - artwork and broadcast video is available.

   About Citigroup

Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, Citi Cards, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes more than 16 billion payments each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard Worldwide serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercardworldwide.com.

   CONTACT: MasterCard Worldwide
            Christina Rae, +1-914-249-4606
            christina_rae@mastercard.com
            or
            MTA NYC Transit
            Paul Fleuranges, +1 646-252-5873
            paul.fleuranges@nyct.com
            or
            CitigroupSamuel Wang, +1 212-559-0499
            wangs@citigroup.com

   SOURCE: MasterCard Worldwide, the Metropolitan Transportation
Authority, MTA New York City Transit and Citi Cards and Citibank  

548 Postings, 5799 Tage edugatOtis Markt wird immer grösser!

 
  
    
20.07.06 22:05
MasterCard contactless technology rolled out to vending machines
MasterCard says its PayPass contactless payments system will be accepted at Coca-Cola vending machines in Philadelphia following successful trials of the technology in New York and Atlanta.

Customers can use their PayPass cards and devices to make purchases at vending machines equipped with USA Technologies' e-port RFID transaction technology, which was developed specifically to accept contactless payments.

The roll out in Philadelphia follows the successful trials of the e-Port system in vending machines in New York City and Atlanta.

To use the technology, consumers simply tap their MasterCard PayPass card or device on the vending machine's e-Port payment terminal. Within seconds, the terminal will flash a light and produce a tone signalling the transaction is complete.

TJ Sharkey, vice president, business development, US acceptance, MasterCard, says: "The more than $40 billion US vending industry opens up an entirely new market for payment companies, as we offer consumers a fast and convenient payment method."

Sharkey says PayPass will provide operators with new efficiencies and increased transaction revenues as well as provide consumers with improved service.

MasterCard says the deployment is considered to be the largest rollout of contactless technology in vending machines in the US market to date.

Und weiter gehts mit:

US consumers warm to contactless cards
More than 100 million Americans would be happy to use contactless cards to pay for small value purchases, such as fast food, convenience store items and transport fares, according to a survey released by micropayments firm Peppercoin.

The survey, conducted by Ipsos Insight and Peppercoin, found a broad willingness to use contactless cards, with more than 50% of respondents - which translates into the 100 million headline-grabbing figure - happy to use contactless cards to buy petrol, items from fast food restaurants or corporate cafeterias and groceries.

More than 40% would use contactless cards to pay for convenience store items and transit fares. The survey also found a large number of consumers prepared to use contactless cards to pay for parking, video games and vending items.

Matt Kleinschmit, vice president, Ipsos Insight, says: "This research shows that consumers are open to embracing the convenience of contactless cards and many of them are willing to use them to buy everyday items."

Mark Friedman, president and CEO of Peppercoin, adds: "Contactless payments represent a significant opportunity for the payments ecosystem. Consumers benefit from the increased convenience while merchants gain speed at the point of sale."

But research found that concerns about security and ease of use are the two main obstacles facing contactless card acceptance. Depending on the specific market, between 13 and 22% of respondents indicated security concerns would keep them from using contactless cards.

Peppercoin says the survey results indicate a need for companies leading contactless roll-outs to educate consumers about the cards' safety and ease of use.

MasterCard has said that it's PayPass contactless payment scheme, which is currently being used by about 10 million US consumers, has seen a 36% increase in usage per account and a 45% increase in total transactions per account.

The newly-independent card association says the system is providing a consumer-friendly alternative to notes and coins for small value transactions, adding that half of all PayPass transactions made are for purchases totalling less than $10.  

548 Postings, 5799 Tage edugatOTI's System in Warschau

 
  
    
25.07.06 16:46
OTI to Supply the City of Warsaw Multiple Application Contactless Cards for Public Transportation and Parking Solutions
Tuesday July 25, 3:23 am ET
Order is for approximately 400,000 cards

FORT LEE, N.J., July 25 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor- based smart card solutions, for homeland security, payments, petroleum payments and other applications, today announced that its subsidiary, ASEC S.A. ("ASEC") of Poland, has been awarded a tender by the Transport Department of the City of Warsaw to provide public transportation and street parking contactless tickets. Deliveries have commenced this month.

ADVERTISEMENT
Warsaw residents will be able to use these cards as electronic tickets for their bus, tramway, or metro ride using one card, as well as paying fees for on street parking. The new tender further strengthens the introduction of OTI to new markets in the emerging European countries. This is another tender win for OTI in mass transit ticketing solutions, allowing OTI to bring its significant experience and technology platform to different cities and transit operators.

Anat Arazi, President of ASEC added: "This is a natural extension of ASEC's offer of existing back office systems for transit and parking solutions and we are looking forward to be working with the City of Warsaw."

Oded Bashan, President & CEO of OTI commented: "OTI is pleased to be the chosen provider for City of Warsaw mass transit system, especially considering Poland's technological leadership among the new members of the European Union. OTI's ticketing solutions provide a technology platform to support scalable multiple applications, enhancing the user experience at the point-of-payment."

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com.

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.

 

548 Postings, 5799 Tage edugat472112 im Juli short

 
  
    
26.07.06 22:37
Settlement   Short     Avg Daily     Days
Date    Interest  Share Volume  to Cover    

Jul. 14, 2006   472,112    39,878   11.84
Jun. 15, 2006  450,723   95,261   4.73
May 15, 2006  309,047    95,818   3.23
Apr. 13, 2006  420,463   149,642   2.81
Mar. 15, 2006  463,667   113,850   4.07
Feb. 15, 2006  366,457   180,118   2.03
Jan. 13, 2006  360,444    65,694    5.49
Dec. 15, 2005  329,785    95,161    3.47
Nov. 15, 2005  318,916    82,138    3.88
Oct. 14, 2005  278,100   59,123    4.70
Sep. 15, 2005  300,402  70,206   4.28
Aug. 15, 2005  277,536  126,586  2.19
Jul. 15, 2005    241,340  176,690  1.37
 

548 Postings, 5799 Tage edugat472112 im Juli short

 
  
    
26.07.06 22:41
Settlement   Short     Avg Daily     Days
Date    Interest  Share Volume  to Cover    

Jul. 14, 2006   472,112    39,878   11.84
Jun. 15, 2006  450,723   95,261   4.73
May 15, 2006  309,047    95,818   3.23
Apr. 13, 2006  420,463   149,642   2.81
Mar. 15, 2006  463,667   113,850   4.07
Feb. 15, 2006  366,457   180,118   2.03
Jan. 13, 2006  360,444    65,694    5.49
Dec. 15, 2005  329,785    95,161    3.47
Nov. 15, 2005  318,916    82,138    3.88
Oct. 14, 2005  278,100   59,123    4.70
Sep. 15, 2005  300,402  70,206   4.28
Aug. 15, 2005  277,536  126,586  2.19
Jul. 15, 2005    241,340  176,690  1.37  

548 Postings, 5799 Tage edugatGehaltserhöhung from $18,000 to $30,000 per month

 
  
    
27.07.06 22:10
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2006

ON TRACK INNOVATIONS LTD.
(Name of Registrant)

Z.H.R. Industrial Zone, P.O. Box 32, Rosh-Pina, Israel, 12000
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes o No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes o No x

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x

If ?Yes? is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
ON TRACK INNOVATIONS LTD.

6-K ITEM
Set forth below is the text of the notice of an Annual Meeting of Shareholders that has been scheduled for August 17, 2006 to consider the matters referred to therein. Such notice was sent to shareholders on July 27, 2006.

Date: July 27, 2006
ON TRACK INNOVATIONS LTD.

You are hereby invited to the annual shareholders meeting (the ? Meeting ?) of On Track Innovations Ltd. (the ? Company ?) scheduled to be held on August 17, 2006, at 8:15 AM (Israel local time) at the offices of the Company in Rosh-Pina, Israel.

Agenda of the Meeting and Summary of the Proposed Resolutions
  1. To present the financial statements of the Company for the fiscal year ended December 31, 2005.

  2. To appoint Somekh Chaikin (member of KPMG International) as the Company?s independent auditors for the fiscal year ending December 31, 2006 and to authorize the Company?s Board of Directors to determine the auditors? remuneration.

  3. To elect Dr. Ora Setter as an external director of the Company for a three - year term.

  4. To elect Mr. Eliezer Manor - an external director of the Company, to act as an external director for an additional three - year term.

  5. To increase the Company?s share capital by NIS 2,000,000 divided into 20,000,000 ordinary shares of NIS 0.1 nominal value each, so that following the increase Article 6 of the Company?s Articles of Association, reflecting the structure of the authorized share capital of the Company, shall read as follows: ?The authorized share capital of the Company is NIS 5,000,000 divided into 50,000,000 ordinary shares?.

  6. To amend the base salary in the employment agreement of the Company?s Chairman of the Board of Directors, Mr. Oded Bashan, so that Mr. Bashan?s base salary shall be increased from $18,000 to $30,000 per month effective immediately. All other terms of the employment of Mr. Bashan shall remain unchanged.

  7. To authorize Mr. Oded Bashan, the Company?s Chairman, to act as the Company?s CEO for an additional three-year period in accordance with the provisions of Section 121(c) of the Israeli Companies Law of 1999.

Record Date and Right to Vote

Only shareholders of record at the closing of the trading day of July 28, 2006 (the ? Record Date ?) are entitled to attend and vote at the Meeting. A shareholder whose shares are registered in his or her favor with a member of a stock exchange, and which shares are included in the shares registered in the Register of Shareholders of the Company under the name of such member of such stock exchange, shall be required to prove his or her ownership of the shares as of the Record Date by providing the Company, at least 48 hours before the time appointed for holding the Meeting, with an ownership certificate in the form attached herewith, issued by such a member of such stock exchange.

Legal Quorum

Under the Articles of Association of the Company (the ? Articles ?), no business shall be transacted at any shareholders? meeting unless a quorum is present when the meeting proceeds to business. The quorum required for a meeting is at least two shareholders present in person or by proxy, holding at least 33 1/3% of the issued and outstanding ordinary shares of the Company (a ? Quorum ?). If within half an hour from the time appointed for holding a meeting a Quorum is not present, the meeting shall be dissolved and it shall stand adjourned to the same day in the next week (or the business day following such day, if such day is not a business day) at the same time and place, and if at such adjourned meeting a Quorum is not present within half an hour from the time appointed for holding the meeting, the shareholders then present at such adjourned meeting shall constitute a quorum.

Necessary Votes
  ? The affirmative vote of a majority of the shares voting on the matter is required to approve resolutions 2 and 5 above.

  ? The affirmative vote of a majority of the shares voting on the matter, including one of the following: (i) at least one-third of the shares of any non-controlling shareholders (as such term is defined in the Israeli Companies Law of 1999) or anyone on their behalf voted for the matter; or (ii) the total number of shares of non-controlling shareholders voted against the election of the outside directors does not exceed one percent of the outstanding ordinary shares of the Company, is required to approve resolutions 3 and 4 above.

  ? The affirmative vote of a majority of the shares voting on the matter, including one of the following: (i) at least one-third of the shares of the shareholders that does not have a personal interest (as such term is defined in the Israeli Companies Law of 1999) in the resolution voted for the matter; or (ii) the total number of shares of shareholders not having a personal interest in the resolution voted against the resolution does not exceed one percent of the outstanding ordinary shares of the Company, is required to approve resolution 6 above.

  ? The affirmative vote of a majority of the shares voting on the matter, including one of the following: (i) at least two-thirds of the shares of any non-controlling shareholders (as such term is defined in the Israeli Companies Law of 1999) or anyone on their behalf attending the meeting voted for the matter; or (ii) the total number of shares of non-controlling shareholders voted against the resolution does not exceed one percent of the outstanding ordinary shares of the Company, is required to approve resolution 7 above.

Proxy

A shareholder wishing to vote by proxy must deposit the proxy at the offices of the Company at the address set forth below, at least 48 hours before the time appointed for holding the Meeting. Attached for your convenience is a form of a proxy.

Suggested Resolutions

Copies of the suggested resolutions are available for inspection at the Company?s offices in Z.H.R Industrial Zone Rosh-Pina, Israel, 12000 (tel. 972-4-6868000) between the hours 9:00-12:00 am and the offices of the Company's transfer agent, Continental Stock Transfer & Trust Company, 17 Battery Pl. - 8th Floor, New York, NY 10004, USA, attention Gail Schweda.

By order of the board of directors:
On Track Innovations Ltd.

Ownership Certificate
Company?s name: On Track Innovations Ltd.
Company?s Reg. No.: 52-004286-2
Name of Stock Exchange member: ____________
Details of shareholder:

( if there are several joint owners of the shares, their details should be included)

(1) Name of shareholder ______________

(2) I.D. No. __________________

If shareholder does not hold an Israeli I.D. ?
Passport No. ______________     Passport valid until ______________
Country where Passport was issued _________________

If shareholder is a corporation ?
Registration No. ___________     Country of incorporation _____________

(3) Record Date for which this certificate is granted __________
Details of the Shares:
(1) Name of the security ? Ordinary Share;
Par value ? N.I.S 0.1 ;
ISIN code ? IL 009248951

(2) No. of Shares ? _________

(3) Type of Shares: Ordinary

Signature of Stock Exchange member ____________     Date: ______________

On Track Innovations Ltd.

o Instrument of Appointment of Proxy:
PROXY

I/we, ____________________ of ________________________ being a Shareholder of
            (Name of Shareholder)                          (Address)

On Track Innovations Ltd. (the ? Company ?) hereby appoint (Please mark one alternative) (hereinafter the ? Proxy ?):

o Mr. Oded Bashan / Mr. Ronnie Gilboa / Ms. Avital Rozenberg

o _________________________ of _____________________
                  (Name of Proxy)                                  (Address)

as my proxy to vote for me and on my behalf at an Annual General Meeting of the shareholders of the Company to be held on August 17, 2006, and at any adjournments thereof.

Unless expressly instructed otherwise in writing, signing this proxy shall be deemed as an instruction to the Proxy to vote ? FOR ? for all resolutions on the agenda.

Signed this __ of ________, 2006.

____________________________
  (Signature of Appointer)

SIGNATURES

       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
                    §ON TRACK INNOVATIONS LTD
(Registrant)

By: /s/ Oded Bashan
??????????????
Oded Bashan
President, Chief Executive Officer
and Chairman

Date: July 27, 2006  

548 Postings, 5799 Tage edugatOTI raus aus dem US-Passprogramm

 
  
    
02.08.06 22:14
Press Release Source: On Track Innovations Ltd.

OTI Reports on Status of U.S. Electronic Passport Project
Monday July 31, 7:00 am ET

FORT LEE, N.J., July 31 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor- based smart card solutions for homeland security, payments and other applications, reported that the Government Printing Office (GPO) has notified OTI that it has been eliminated from the group of vendors being considered for the United States Government's Electronic Passport program. OTI intends to appeal the decision.

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click here
As previously reported, in December 2005 the United States Court of Federal Claims in Washington, D.C. found in favor of OTI America, Inc. ("OTI"), in OTI's protest against the Government Printing Office's ("GPO") earlier elimination of OTI from the competition and ordered for OTI to be reinstated. Originally, OTI, along with several other firms, received an individual contract with the GPO, under which the GPO was testing and evaluating sample Electronic Passports, prior to selecting the winner.

According to Oded Bashan, President & CEO, "OTI is obviously disappointed with the GPO decision and strongly disagree with the grounds for such. We are confident in the superiority of our product and we are continuing with the appeal process."

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com.

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.

 

548 Postings, 5799 Tage edugatOTI wieder Jahrespreis von Frost & Sullivan

 
  
    
02.08.06 22:19
Press Release Source: On Track Innovations Ltd.

OTI Receives Company of the Year Award from Frost & Sullivan for the Second Consecutive Year
Wednesday August 2, 3:00 am ET

FORT LEE, N.J., Aug. 2 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, today announced that it was named the 2006 Company of the Year in the field of Smart Cards for a second time in a row, by Frost & Sullivan, a global company offering business consulting, market analysis and growth partnership services.

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The Frost & Sullivan Award for Company of the Year is presented each year to the company that has demonstrated excellence within its industry. OTI has demonstrated its continued market leadership by winning this award for the second year running, again showing the company's great vision and commitment. Frost & Sullivan cited applications such as contactless payment, e-passport, and identification as offering attractive opportunities for growth, noting OTI's unique position to take advantage of the accelerating shift toward contactless smart card solutions

Oded Bashan, President & CEO, OTI, stated, "We are excited to receive this exceptional award for the second year in a row from a prestigious firm as Frost & Sullivan. This year we have seen the continuation of our growth. This award is further validation of our technology and our position as a market leader in contactless microprocessor-based card solutions. As a leader in the contactless market with strong technology solutions and a proven track record of successful implementations worldwide OTI is positioned to benefit from the expected growth."

Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities.

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit www.otiglobal.com.

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.

 

5535 Postings, 7279 Tage sir charleshallo edugat

 
  
    
12.08.06 13:36
Gerade vom Urlaub zurück und hab mal Deine Postings gelesen.

Lol Gehaltserhöhung von 18.000 auf 30.000 USD im Monat man gönnt sich ja sonst
nix (soll woll Prämie sein für verpatzten Pass sein). Aber immerhin seit ewiger
Zeit ohne Gewinne zu exestieren ist ja auch eine Erhöhung wert.

Warten wir mal wieder die Halbjahreszahlen ab usw. Im Herbst sehen wir weiter

bis später cu  

548 Postings, 5799 Tage edugatHallo sir charles, ein neuer Auftrag aus Polen!

 
  
    
14.08.06 18:46
 ASEC OTI's Subsidiary Selected for Electronic Passports Roll Out in Poland

FORT LEE, N.J. and WARSAW, Poland, Aug. 14 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, today announced that PWPW S.A. (Polish Public Printing Works) of Poland placed its first order with ASEC S.A., OTI's wholly-owned subsidiary for electronic passports inlays for Polish citizens. Under the contract, ASEC S.A. will supply contactless inlays that will be adhered to the passport cover. Currently there are about 1.5 million passports issued in Poland annually and the government intends to roll out the first electronic passports starting this quarter. The first commercial order will be supplied this year.

OTI's electronic passport product successfully passed tests by certified laboratories based on the International Civil Aviation Organization (ICAO) and ISO 14443 testing procedures, for product performance including security, durability, communications, personalization and more.

Poland, with a population of more than 38 million, is one of the new members of the European Union. The new electronic passport is complying with the EU's mandate that its members adopt the technology by August of this year. According to a law passed by the Polish parliament, the new electronic passports will be issued starting August 28 of this year.

OTI offers complete electronic passport inlay and production line solutions. Electronic passport inlay supports stable, reliable and fast transaction with basic access control (BAC) and active authentication security and include inlays, inlays-to-cover, personalization systems and contactless readers. OTI production line solutions include patented machinery for inlay production for complete electronic passport production solution.

Anat Arazi, President of ASEC S.A. said, "As a Polish company we are extremely proud to be able to supply electronic passports for the local market. We believe in our product superiority and looking forward to many years of cooperation with PWPW."

"OTI is proud to supply electronic passports for the Polish government," said Oded Bashan, President & CEO, OTI. "This new contract reinforces OTI's position as a major player in the field of electronic passport programs and further strengthens OTI's presence in the emerging European countries."

 

548 Postings, 5799 Tage edugatZahlen am 17.8.-Kurs im Keller

 
  
    
14.08.06 22:01
On Track Innovations Ltd. Schedules Second Quarter and Six Months 2006 Earnings Release and Conference Call
Friday August 11, 10:00 am ET

FORT LEE, N.J., Aug. 11 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor- based smart card solutions, for homeland security, payments, petroleum payments and other applications, announced today that it will report second quarter and six months operating results on Thursday, August 17, 2006 at 10:00 a.m. Eastern Daylight Time. The Company has scheduled a conference call and simultaneous Web cast that will be hosted by Oded Bashan, Chairman, President and CEO, Guy Shafran, CFO, and Ohad Bashan, Chief Marketing Officer and President and CEO of OTI America. To participate, call

   1-888-858-4723 (U.S. toll free)
   1-809-245-917 (Israel toll free)
   0-800-180-8316 (Germany toll free)
   1-973-935-8508 (standard international)
   ID Code: OTI Q2 Conference Call
   At:
   7:00a.m. Pacific Time
   10:00 a.m. Eastern Standard Time
   16:00 Germany Time
   17:00 Israel Time

   To listen to the web cast please go to:
   http://www.otiglobal.com/content.aspx?id=226

For those unable to participate, the teleconference will be available for replay until midnight August 24th, by calling U.S: 877-519-4471 or International; 973-341-3080 and entering the PIN number # 7689609 or on the web at:

http://www.otiglobal.com/content.aspx?id=226

About OTI

Established in 1990, OTI (NASDAQ: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit www.otiglobal.com.  

548 Postings, 5799 Tage edugatHalbjahreszahlen

 
  
    
17.08.06 15:50
OTI Reports FY 2006 Second Quarter Financial Results
Thursday August 17, 9:28 am ET
Continued Revenue Growth; Substantial Reduction in Loss; Positive Cash Flow from Operating Activities

FORT LEE, N.J., Aug. 17 /PRNewswire-FirstCall/ -- On Track Innovations Ltd. (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced its consolidated financial results for the second quarter ended June 30, 2006.

     -- Revenues: $10.30 million for the three months ended June 30, 2006,
        an increase of 32% compared to $7.80 million in the same period last
        year.

     -- Gross Profit: $4.49 million, an increase of 62% compared to
        $2.76 million in the second quarter of 2005. Gross margin was
        44% compared to 35% in the second quarter of 2005.

     -- GAAP Net Loss: $(1.98) million, a decrease of 34% compared to
        $(3.01) million in the second quarter last year.

     -- Non-GAAP Net Loss: $(1.19) million, a decrease of 59% compared to
        $(2.93) million in the second quarter last year.

     -- GAAP Loss per Share: $(0.15), compared to $(0.34) in the second
        quarter of 2005.

     -- Non-GAAP Loss per Share: $(0.09), compared to $(0.33) for the same
        period last year.

     -- Cash flow: $682,000 from operating activities.

Non-GAAP results for the second quarter of 2006 excludes the impact of SFAS 123® and amortization of intangible assets. Non-GAAP results for the second quarter of 2005 excludes amortization of intangible assets. Please see the attached tables for a full reconciliation of GAAP to Non-GAAP results.

"We are making significant progress in each of our vertical markets," said Oded Bashan, President and CEO of OTI. "We had particularly strong growth in our ID business in Q2 compared with the same quarter last year, and it reached 26% of revenue this quarter."

"We continued to generate positive cash flow from operations this quarter, and we strengthened our balance sheet with our cash position and short-term investments reaching $54 million."

   Recent Developments

     -- ASEC OTI's subsidiary was selected for electronic passports roll out
        in Poland

     -- MasterCard Worldwide, the Metropolitan Transportation Authority, MTA
        New York City Transit and Citi Cards and Citibank announced the
        beginning of a six-month contactless payment trial in select New York
        City subway stations with pre-selected Citi credit card and Citibank
        customers. The new Citi and Citibank payment tag leverages technology
        from OTI.

     -- OTI was selected to supply the City of Warsaw multiple application
        contactless cards for public transportation and parking solutions

     -- OTI was awarded mass transit ticketing project to supply cards for
        Israel's mass transit system

     -- Chinatrust Commercial Bank, one of the largest credit card issuers in
        Taiwan, LAKS GmbH, a well-known Austrian watchmaker and OTI supply
        payment watches as part of 2006 FIFA World Cup(TM) promotion for
        MasterCard® PayPass(TM).

     -- OTI received Company of the Year Award from Frost & Sullivan for the
        second consecutive year

     -- OTI Tops New ABI Research Contactless Commerce Vendor Matrix Rankings

Mr. Bashan continued, "Key indicators remain positive. We expect total revenue in the second half of 2006 to be slightly higher or about the same as the first half, owing to a slight delay in the banks' roll-out schedule for their internal reasons, which will affect our payments business. Beginning in 2007, we are targeting higher average annual growth than we have experienced in the past."

Conference call and Webcast Information

The Company has scheduled a conference call and simultaneous Web cast for Thursday, August 17, 2006, which will be hosted by Oded Bashan, President and CEO, Guy Shafran, CFO, and Ohad Bashan, Chief Marketing Officer and President OTI America, for 10:00 AM EDT to discuss operating results and future outlook. To participate, call: 1-888-858-4723 (U.S. toll free) 1-809-245-917 (Israel toll free) 0-800-180-8316 (Germany toll free) 1-973-935-8508 (standard international) ID Code: OTI Q2 Conference call. To attend the Web cast, use the following links: http://www.otiglobal.com/content.aspx?id=226 For those unable to participate, the teleconference will be available for replay until midnight August 24th, by calling U.S.: 877-519-4471 or International; 973-341-3080 and entering the PIN number # 7689609 or on the web at: http://www.otiglobal.com/content.aspx?id=226

Use of Non-GAAP Financial Information

In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, OTI uses non-GAAP measures of gross profit, net income and earnings per share, which are adjustments from results based on GAAP to exclude non-cash equity-based compensation charges in accordance with SFAS 123® and amortization of intangible assets. OTI management believes the non-GAAP financial information provided in this release provides meaningful supplemental information regarding our performance and enhances the understanding of the Company's on-going economic performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Management uses both GAAP and non-GAAP information in evaluating and operating the business and as such deemed it important to provide all this information to investors.

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com.

   OTI Contact:                            Media Relations:
   Galit Mendelson                         Adam Handelsman
   Director of Corporate Communications    5W Public Relations
   201 944 5200 ext. 111                   212 999 5585
   galit@otiglobal.com                     ahandelsman@5wpr.com

                             (TABLES TO FOLLOW)

   Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.


 

5535 Postings, 7279 Tage sir charlesLoL

 
  
    
22.08.06 11:51
Die Zahlen wieder mal wie üblich mein Kursziel von drei Euro ist ja nicht mehr
soweit weg. Gottseidank bin ich bei 12,50 raus.  

548 Postings, 5799 Tage edugatLobgesang!

 
  
    
29.08.06 16:21
On Track Innovations initiated with "outperform"

Tuesday, August 29, 2006 4:22:22 AM ET
Morgan Keegan

NEW YORK, August 29 (newratings.com) - Analysts at Morgan Keegan initiate coverage of On Track Innovations Ltd (ticker: OTIV) with an "outperform" rating.

In a research note published yesterday, the analysts mention that the overall contactless market is likely to witness a significant ramp in the next few years from the anticipated demand from major credit card issuers and governments for safe ID cards. On Track Innovations? is expected to witness stellar growth in the contactless market over the forthcoming five-to-ten years, with CAGR of +30%, the analysts say. The company is well positioned to significantly expand production of contactless smart cards and capitalize on the robust growth opportunities, Morgan Keegan adds.  

548 Postings, 5799 Tage edugatOti bei der 3. größten Bank in der Türkei

 
  
    
05.09.06 12:17
OTI Delivers Garanti Bank of Turkey Contactless Card Solutions
Tuesday September 5, 3:00 am ET
Program is Part of MasterCard(R) PayPass(TM) Launch in Europe

FORT LEE, N.J., Sept. 5 /PRNewswire-FirstCall/ -- On Track Innovations Ltd. (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, announced today that it is providing Garanti Bank of Turkey 'Tap & Go(TM)' inlay solutions. As previously announced, Garanti bank is reissuing "Tap & Go(TM)" cards, which use MasterCard PayPass technology, to its Bonus cardholders.

ADVERTISEMENT
Mehmet Sezgin, General Manager, Garanti Payment Systems, said: "OTI's extensive experience provides a reliable and cost-effective way to bring contactless solutions to our market. The possibility of any form factor necessary such as inlays, key fobs, wristwatches, including reader solutions, will help us differentiate ourselves in Turkey's highly competitive payments market.

Garanti Bank is the third largest private bank in Turkey.

Oded Bashan, Chairman, President and CEO of OTI commented: "We are happy to support Garanti bank in its initiative for contactless payments. With OTI experience and expertise, we allow our customers to introduce a cost-effective, reliable and secure solution in short time to market."

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com.

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.  

548 Postings, 5799 Tage edugatOTI's EasyFuel in Cameroon

 
  
    
27.09.06 16:11
Press Release Source: On Track Innovations Ltd

Chevron Selects OTI's EasyFuel as its Petroleum Payment and Automated Fuel Management Solution
Wednesday September 27, 7:00 am ET
First Installations in Cameroon

FORT LEE, N.J., Sept. 27 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV - News) today announced that Chevron Corporation (NYSE: CVX - News), has chosen OTI to be the provider of its EasyFuel petroleum payment and automated fuel management system. EasyFuel provides oil companies with the ability to sign long term contracts with fleets, assuring the correct grade and amount of fuel is dispensed into an authenticated fuel tank and provides loyalty and contactless payment solution for both retail and commercial customers. Chevron will firstly implement the system in Cameroon and expects to commission the system in additional countries. OTI is a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications. Chevron Corporation is one of the world's leading energy companies.

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Chevron is implementing the system initially in Cameroon by establishing a network of EasyFuel service stations. Customers will benefit from utilizing a system that eliminates fraud and offers security, convenience and functionality. Critical information such as odometer and/or engine hour readings are automatically captured providing fleet managers with quality information enabling them to manage fuel consumption effectively. The first service stations have already been commissioned.

"We are excited to expand our fleet management solutions based on OTI's EasyFuel product," said Richard Chapman for the Chevron Corporation. "After the successful integration of the EasyFuel technology into our fuel automation systems, we realized that EasyFuel gives our customers a reliable and cost effective way to save costs and increase efficiency in operations." He continued, "Initial results of the pilot program have provided our customer with remarkable savings in fuel costs. The existing network of EasyFuel equipped sites will be expanded in Cameroon to provide greater coverage and convenience and plans are at an advanced stage to implement similar fleet management solutions across the rest of Africa and into selected markets in Asia."

Oded Bashan, President & CEO, OTI, stated, "EasyFuel is about increasing loyalty for Chevron stations while eliminating fraud and increasing the efficiencies of fleet management. This contract underscores the success we have achieved with EasyFuel worldwide. This is another example of why important and influential companies are working with OTI to adopt contactless payment solutions across a wide range of industries globally. Our customers benefit by leveraging OTI's technology for multiple applications, including loyalty programs, increased retail purchases and improved security, thereby benefiting both consumers and retailers."

EasyFuel wireless solution is an easy, quick and cost-effective installations, minimum maintenance and fast turn around at the pump. The EasyFuel system has built-in benefits for oil companies, commercial fleet operators, financial institutions, and private motorists. The oil companies build loyalty with fleet companies via long-term contracts, as well as with private motorists. The OTI solutions are easily integrated into existing hardware and software systems. The system allows for 24-hour non-attendant sales, as well as greater in-store purchases. Fleet companies eliminate non- authorized fueling and receive comprehensive billing and detailed operating information. The financial institutions benefit from new transaction fees and greater cash flows. Retail customers receive 24-hour, fast, cashless service and loyalty program rewards.

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com.

About Chevron

Chevron Corporation is one of the world's leading energy companies. With more than 53,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. Chevron is based in San Ramon, Calif. More information on Chevron is available at http://www.chevron.com.

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by the failure of Chevron to place significant orders with OTI for its EasyFuel program, the failure of Chevron to use OTI solutions for its EasyFuel program in areas other than Cameroon, our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.

 

548 Postings, 5799 Tage edugat250 neue EasyPark Stationen in Israel

 
  
    
03.10.06 17:28
'Yellow' Convenience Stores to Distribute and Add Loading Infrastructure for EasyPark
Tuesday October 3, 4:00 am ET
Increase in Devices Sold Expected to Increase EasyPark Volume 20%

FORT LEE, N.J., Oct. 3 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, today announced that Yellow Convenience stores, managed by Paz, Israel's leading energy company, will distribute EasyPark devices and integrate contactless readers into its point-of-sale terminals to enable loading of EasyPark devices. With about 250 stations nationwide Yellow will more than double the number of loading stations for EasyPark across the country. Yellow now sells EasyPark devices as well as enables adding value to EasyPark devices. Today EasyPark total volume is approximately one million USD per month. The addition of the readers to Yellow stores is expected to increase EasyPark volume by about 20%. OTI revenues from EasyPark include both product sales as well as seven percent volume transaction fees.

ADVERTISEMENT
For Yellow, adding a contactless reader to a point-of-sale terminal is easy and cost-effective, allowing Yellow to offer more services to its clients and to increase traffic at the store.

Ben Muskal, General Manager of Yellow said: "With EasyPark, we at Yellow expect to increase the number of repeat customers at our locations. With more than 250 Yellow convenience stores across the country, EasyPark users can take advantage of the convenience of purchasing or loading funds to their device, while having the opportunity to grab a cup of coffee and sandwich."

Oded Bashan, President and CEO of OTI, commented, "Providing EasyPark users convenient ways to purchase and load funds to their devices is a constant goal of ours. These improvements to the service together with the expansion of the network allow OTI to get to more potential customers."

   EasyPark Quick Facts:
    *  EasyPark is accepted in 30 cities around Israel
    *  About 350,000 EasyPark devices have been distributed across the
       country to date
    *  About 10,000 EasyPark devices are sold monthly
    *  OTI has begun marketing efforts for EasyPark internationally

   How Does EasyPark Work?

The EasyPark subscriber simply parks his/her car, turns on the contactless in-vehicle parking meter device displayed in the car window; and when he/she returns, turns the device off. This eliminates the need for parking meters, and creates a uniquely convenient user experience. The EasyPark system can be used for both on-street parking payments and for parking lots, where the device is presented at the gate when entering or exiting the lot.

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit www.otiglobal.com.

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by the failure of Yellow to add EasyPark as anticipated, the failure of OTI to increase revenues as anticipated from the addition by Yellow of EasyPark, by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.  

5535 Postings, 7279 Tage sir charlesHello edugat

 
  
    
10.10.06 15:48
Die Nacht ist lua die Löwen lauern.....  Bin gespannt wie weit es noch runter geht.

P.s. wann kommen wieder zahlen raus? Wird glaube ich noch dauern...

mfG
Sir Charles  

548 Postings, 5799 Tage edugates geht wieder nach oben

 
  
    
12.10.06 18:02

548 Postings, 5799 Tage edugatWird OTI doch beteiligt?

 
  
    
20.10.06 11:19
E-Passport Available Nationwide by March
Thursday October 19, 6:09 pm ET
By Dan Caterinicchia, AP Business Writer
State Department Plans to Issue E-Passports at All Locations by March

WASHINGTON (AP) -- The U.S. government is on pace to begin issuing smart chip-embedded passports at 17 domestic production centers in March, a State Department official said Thursday.

Two facilities are issuing e-passports, but by Thanksgiving all 17 will have at least partial capability and all will be fully up and running by March 15, Frank Moss, deputy assistant secretary for passport services at the State Department, said Thursday during an identity management conference in Vienna, Va., hosted by the Information Technology Association of America.

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click here
Production started in August at the Colorado Passport Agency and estimates then were that the rollout would take up to a year.

The new passports include an electronic chip that contains all the data on the paper version -- name, birth date, gender, for example -- and can be read by digital scanners at equipped airports. They cost 14 percent more than their predecessors but the State Department said they will speed going through customs and help enhance border security.

The passports contain multiple security features to prevent the information on the chips from being read, cloned, tracked or changed by outsiders, although privacy groups continue to raise concerns about the security and necessity of the electronic information.

San Jose-based Infineon Technologies North America Corp., a subsidiary of Germany's Infineon AG, provided the technology used in the pilot phase and received an initial order for several million in August from the Government Printing Office, which is manufacturing the passports. French firm Gemalto also has a contract with the GPO to provide technology samples for further pilot production.

Another firm, On Track Innovations Ltd., was notified July 31 it was dropped from consideration for the program and is appealing its elimination. The Fort Lee, N.J., company was eliminated last year, but appealed that decision in the U.S. Court of Federal Claims in Washington, which in December found in favor of the company and ordered it reinstated.

Moss said the pending court challenge should be settled "soon" but declined to provide details. Representatives from On Track did not return a call for comment Thursday.

The State Department issued 12.1 million passports in 2006, and expects to complete up to 16 million this year and up to 19 million in fiscal 2008, Moss said. The agency will soon award a contract for printing the information contained in the passports that was previously done in-house, he added.

The new passports cost $97, which includes a $12 security surcharge added last year. Existing passports without the electronic chips will remain valid until their normal expiration date.

American Depository shares of Infineon slid 16 cents to close at $12.35 on the New York Stock Exchange, near its 52-week high of $12.93. On Track Innovations added 7 cents to close at $7.85 on the Nasdaq, where it has traded between $7.19 and $17.26 in the past 52 weeks.

 

548 Postings, 5799 Tage edugat10,000 Readers for NAMA Expo, October 25-27 in Orl

 
  
    
26.10.06 21:25
Press Release Source: On Track Innovations Ltd.; USA Technologies

OTI to Provide USA Technologies Next Generation Contactless Payment Readers
Thursday October 26, 8:04 am ET
Initial Orders are for 10,000 Readers
Integrated Solution to be Demonstrated at the NAMA Expo, October 25-27 in Orlando Florida

FORT LEE, N.J., Oct. 26 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV - News) a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that USA Technologies (OTC Bulletin Board: USAT - News), a leader in the networking of wireless non-cash transactions for financial/network services and energy management, has selected OTI to provide its next generation contactless reader solution to be integrated into USA Technologies' Generation Six (G6) e-Port® cashless transaction solution, developed specifically to accept contactless payments for vending machines. Initial orders are for 10,000 readers with initial deliveries commencing before the end of the year. The integrated solution will be demonstrated at the National Automatic Merchandising Association Expo, booth 1627, October 25- 27, 2006 in Orange Country Convention Center, Orlando, Florida.

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The integrated solution is built to support the growing U.S. contactless payment market. As previously reported by USA Technologies, MasterCard International has teamed with The Philadelphia Coca-Cola Bottling Company and USA Technologies to enable 1,000 Coca-Cola vending machines with the e-port cashless transaction solution.

With MasterCard PayPass, ExpressPay from American Express and Visa contactless, the associations have initially focused on drug stores, quick service restaurants, movie theaters and other merchants where transactions are usually under $25.

Now the 40 billion dollar U.S. vending industry with more than 8 million vending machines, is beginning to expand the payment opportunities for customers who appreciate speed and convenience. With the new reader consumers no longer need to fumble for cash and coins. To use this technology, consumers simply tap their contactless-enabled card or device on the vending machine's e-Port payment terminal. Within seconds, the terminal will flash a light and produce a tone signaling the transaction is complete.

George Jensen, Chairman and CEO, of USA Technologies said, "We are exceptionally pleased with the OTI reader for our G6 e-Port solution. And for the added value it brings our customers. The new product puts USA Technologies in the perfect position to further our relationships with vending operators, soft drink bottlers, credit card companies and banks."

Oded Bashan, President & CEO, OTI, stated, "the expansion to complementary markets of the traditional small contactless payments markets is a strong sign of confidence that the major financial institutions are pushing forward with their contactless programs. The vending machines market that relies today almost exclusively on cash can now enjoy the convenience and speed contactless payments can offer."

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit www.otiglobal.com.

About USA Technologies:

USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, Blackboard, and ZiLOG Corporation. For further information on USA Technologies, please visit www.usatech.com

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by the failure of USA Technologies to place significant orders with OTI for its contactless reader, the failure of USA Technologies to use OTI solutions for its contactless reader, our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.

 

548 Postings, 5799 Tage edugatZukauf

 
  
    
08.11.06 17:14
OTI to Acquire SuperCom's Smart ID and e-Passport Assets
Wednesday November 8, 8:00 am ET
Acquisition to Enhance and Complement OTI's Position in ID Market by Expanding its Customer Base and Pipeline of Opportunities, Adding Patented Security and Manufacturing Technologies, Project Management Capabilities

FORT LEE, N.J. and QADIMA, Israel, Nov. 8 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV - News) and SuperCom Ltd. (SuperCom) (OTC Bulletin Board: SPCBF.OB; Euronext: SUP), today announced that OTI and SuperCom have entered into an agreement pursuant to which OTI is to acquire the main assets of SuperCom, including the International Project Solution (IPS) division of SuperCom Ltd. for 2,827,200 ordinary shares of OTI. The business activities of IPS, which account for approximately 95% of SuperCom's current revenue, will be integrated with the existing electronic Smart ID operations of OTI.

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The transaction, expected to close by year end, will allow OTI to offer an end-to-end ID solution by adding a web-based enrollment, population registration and document issuance system, and enhancing OTI's card and electronic passport design, security printing technology, machinery, manufacturing capability and production technology.

The acquisition of these assets brings OTI complementary patented security technologies that safeguard against counterfeit and forgery and patented manufacturing technology for security printing and other types of manufacturing. By combining these capabilities with OTI's state-of-the art electronic ID capabilities, OTI will provide an upgrade path to electronic identification solutions to SuperCom's current customer base; OTI will replace outsourced solutions with in-house capabilities to offer a complete end-to-end ID solution, and OTI will be able to accelerate its expansion in this rapidly growing market by leveraging IPS' project management capabilities with the combined project pipeline. The transaction is expected to be accretive for the first full year after the acquisition.

Over the past few years, IPS technologies and solutions were selected and implemented in several governmental and commercial projects in Europe (mainly Eastern Europe), Asia and Africa.

In consideration for this acquisition, OTI will issue an aggregate of 2,827,200 of its ordinary shares. The shares will be subject to lock-up, where 1/7 will be free from lock up at the closing date and an additional 1/7 of the shares will be released from lock-up every three months following the closing date (for an aggregate period of 18 months). Under the terms of the agreement, the chairman of board of OTI (or the board) will be granted an irrevocable proxy to vote the shares that are issued as part of the transaction.

The shares to be issued to SuperCom will not have been registered under the securities laws of any jurisdiction and may not be resold or otherwise disposed of by SuperCom absent all necessary registrations or exemptions from all applicable registration and similar requirements. The transaction is subject to approval by OTI's shareholders and other standard closing conditions.

Commenting on the acquisition, Oded Bashan, Chairman, President & CEO of OTI, said: "Acquiring these assets will expand our customer base to include new opportunities to migrate to electronic ID solutions. We believe it will also add significant new opportunities to our already existing pipeline of projects all over the world. In addition, we believe our competitive position will be further enhanced by SuperCom's intellectual property portfolio, which will result in OTI becoming the only vendor in the market able to provide a complete electronic ID in-house turnkey project with complete end-to-end product solutions."

"Combining our complementary operations will benefit our customers and employees," said Eyal Tuchman, CEO of SuperCom. "This transaction will enable us to concentrate our resources on promising opportunities in our IRMS and Active RF segments."

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit www.otiglobal.com .

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by the transaction not closing due to a failure to meet closing conditions, OTI's inability to successfully integrate the operations of the purchased SuperCom's assets into its own, market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.  

548 Postings, 5799 Tage edugatresults on Monday, November 20, 2006 at 9:00 a.m.

 
  
    
14.11.06 22:07
Press Release Source: On Track Innovations Ltd.

On Track Innovations Ltd. Schedules Third Quarter and Nine Months 2006 Earnings Release and Conference Call
Tuesday November 14, 2:30 pm ET

FORT LEE, N.J., Nov. 14 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, announced today that it will report third quarter and nine months operating results on Monday, November 20, 2006 at 9:00 a.m. Eastern Standard Time. The Company has scheduled a conference call and simultaneous Web cast that will be hosted by Oded Bashan, Chairman, President and CEO, Guy Shafran, CFO, and Ohad Bashan, Chief Marketing Officer and President and CEO of OTI America. To participate, call

   1-800-418-6860 (U.S. toll free)
   1-809-245-917 (Israel toll free)
   0-800-180-8316 (Germany toll free)
   1-973-935-8756 (standard international)
   ID Code: OTI Q3 Conference Call
   At:
   6:00 a.m. Pacific Time
   9:00 a.m. Eastern Standard Time
   15:00 Germany Time
   16:00 Israel Time

   To listen to the web cast please go to:
http://www.otiglobal.com/content.aspx?id=226

For those unable to participate, the teleconference will be available for replay until midnight November 26th, by calling U.S.: 877-519-4471 or International; 973-341-3080 and entering the PIN number # 8126495 or on the web at: http://www.otiglobal.com/content.aspx?id=226

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com.

 

548 Postings, 5799 Tage edugatMasterCard-VeriFone-OTI-taxis Philadelphia

 
  
    
15.11.06 17:13
Press Release Source: On Track Innovations Ltd.

OTI and VeriFone to Demonstrate Contactless Reader Solution at Cartes Show in Paris
Wednesday November 1, 3:00 am ET
Solution Targets VeriFone V(x) 510 and V(x) 610 Payment Systems

FORT LEE, N.J., Nov. 1 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV - News) today announced that together with VeriFone Holdings, Inc. (NYSE: PAY; TASE: PAY) it will demonstrate contactless enabled VeriFone V(x) 510 and V(x) 610 payment systems at the Cartes 2006 Show in Paris, November 7-9 in OTI's Booth 3 E 088 and VeriFone's Booth 4 L 014.

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The P4V was developed as an extension module for VeriFone's V(x) 510 countertop multi-application payment solution and the V(x) 610 portable wireless system. With the new solution, merchants can quickly upgrade their existing VeriFone systems to support contactless payments by attaching the P4V. The reader generates power directly from the VeriFone system, eliminating the need for external power.

The contactless solution is compatible with contactless payments programs, both for EMV (Europay, MasterCard Visa) and non-EMV markets, ISO 14443 and MIFARE.

Paul Rasori, vice president of Global Product Marketing with VeriFone said, "We welcome OTI's efforts to provide flexible contactless options to merchants utilizing V(x) Solutions products."

Ohad Bashan, Chief Marketing Officer, OTI, stated, "we are pleased to work with VeriFone on this unique product built specifically for the V(x) Solutions line. We are looking forward to continue work on future projects."

About OTI

Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit www.otiglobal.com.

About VeriFone Holdings, Inc. (www.verifone.com)

VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY; TASE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant- operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. Forward-looking statements could be impacted by the failure of VeriFone Holdings to place significant orders with OTI for its contactless reader, the failure of VeriFone Holdings to use OTI solutions for its contactless reader, our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.




MasterCard and VeriFone Announce First Ever 'Tap & Go(TM)' Payments in Taxis
Wednesday November 15, 8:30 am ET
MasterCard(R) PayPass(TM) Continues to Lead the Way into New Consumer Categories with the Speed and Convenience of Contactless Payment

PHILADELPHIA & PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide and VeriFone Holdings (NYSE: PAY - News) today announced the first U.S. acceptance of MasterCard® PayPass(TM) "Tap & Go(TM)" contactless payments in taxicabs, making life easier for busy consumers in one of the country's largest, fastest-paced cities. The contactless acceptance is expected to roll out to all taxis licensed by the Philadelphia Parking Authority (PPA).

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The PayPass roll out is part of a PPA project contracted with VeriFone Transportation Systems, a joint venture of VeriFone and Taxitronic, Inc., to equip city taxis with systems providing sophisticated networked fleet management capabilities and consumer services including wireless credit and debit payment transactions, navigation, scheduling, trip logs, lost & found tracking, and panic button alerts.

VeriFone estimates that MasterCard PayPass cuts approximately 45 seconds off the transaction time in taxis when compared to cash, and 15 seconds when compared to swiping a traditional payment card. Payment card acceptance in cabs is growing throughout the U.S., and this project will ultimately ensure contactless and traditional card acceptance in all Philadelphia taxis.

"MasterCard PayPass contactless payments provide taxicab passengers with a simpler way to pay," said T.J. Sharkey, Group Head, National Accounts, U.S. Commerce Development, MasterCard Worldwide. "PayPass is a perfect solution for passengers who are in a hurry and want to get in and out of taxis as quickly as possible without having to fumble for cash or coins, or wait for drivers to make change."

To use PayPass in participating Philadelphia taxis, passengers simply tap their PayPass-enabled card or device on a contactless reader attached to a VeriFone Omni 7000 payment system located in the back seat of the taxi. The customer-facing payment system is networked to another VeriFone system, the MX870, a multimedia device located in the driver cab that provides routing, navigation and other information.

With no signature required for transactions under $25, PayPass offers taxicab passengers a fast and convenient alternative to cash and eliminates the need for consumers to search for cash or coins, or hand over their card to the driver. When using MasterCard PayPass on the VeriFone Omni 7000 system, passengers also have the option to enter the tip amount, as well as sign electronically for transactions over $25.

"The VeriFone Omni 7000 is the same device used in many retail stores and will be very familiar to consumers," said Bill Atkinson, VeriFone executive vice president. "Philadelphia taxis with MasterCard PayPass contactless payments will provide passengers with a convenient and interactive riding experience unlike any other in the country."

How MasterCard PayPass Works

MasterCard PayPass uses radio frequency technology to securely transmit payment details wirelessly between the PayPass device and the merchant's terminal. In the Philadelphia taxi implementation, the transaction is then transmitted via secured cellular signal for processing through the VeriFone Transportation System Gateway to the MasterCard network for clearing and settlement. PayPass technology can be found in a number of different forms. PayPass cards include magnetic stripe technology, so the cards can also be used in the traditional manner anywhere MasterCard is accepted around the world. PayPass technology can also be used in a number of devices, such as a convenient payment tag that fits on a key chain for easy access, and in mobile phones.

PayPass allows financial institutions to offer customers more payment options and it helps increase GDV for issuers by attracting payments away from cash, increasing accountholder loyalty for their card programs and opening up new acceptance opportunities for "quick pay" environments. In the U.S., Advanta, Chase, Citi, Citizens Financial Group, Inc., GE Consumer Finance, HSBC, KeyBank, MBNA and Peoples Bank of Paris, Texas have all begun offering MasterCard PayPass-enhanced payment programs to their accountholders. PayPass technology enhances any payment account it is added to - be it a credit, debit, pre-paid/stored-value, co-brand, small business or private label account.

About MasterCard PayPass

MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, and has led the way in bringing contactless technology to consumer categories such as quick serve restaurants, drug stores, gas stations, vending machines, convenience stores, sports arenas, movie theaters, transit systems and parking garages. There are currently more than 11 million PayPass cards and devices in the market, and PayPass is currently accepted globally at 36,000 merchant locations, including participating 7-Eleven, CVS, McDonald's, Regal Entertainment Group theaters and many others. PayPass is also accepted at numerous National Football League and Major League Baseball stadiums. For more information about MasterCard PayPass and a full list of participating merchants, visit www.mastercard.com/paypass.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes close to 14 billion payments each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard Worldwide serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercardworldwide.com.

About VeriFone Holdings, Inc.

VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY; TASE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

About VeriFone Transportation Systems (www.VeriFoneTS.com)

VeriFone Transportation Systems is a joint venture between VeriFone Holdings, Inc. (NYSE: PAY - News), and TaxiTronic, Inc., to provide the next generation in mobile payment and transportation automation solutions. VeriFone Transportation Systems delivers wireless payment, voice guided navigation, dispatch, text messaging and real-time information delivery capabilities for transportation fleets.



 

5535 Postings, 7279 Tage sir charlesHello edugat

 
  
    
16.11.06 09:29
Es müßten eigentlich bald die Zahlen rauskommen. Letztes Jahr kamen sie am
30.Nov. raus. Hmmm bekomme einfach nicht die Aktien zu meinem Preis.....


mfG
Karl  

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