On Track Innovations Ltd., a provider of secure cashless payment solutions based on contactless transactions and NFC, has announced its OTI WAVE technology has been certified for inclusion in Visa’s Compliant Products List. The OTI WAVE is an NFC add-on for smartphones, tablets and PCs.
The OTI WAVE is the first audio jack plug-in NFC payment solution that has received certification from major payment companies including Visa and MasterCard.
OTI’s WAVE has three key features so the solution can be offered by enterprises to their clients:
- Public Key Infrastructure
- Java OS Platform
“With the certification from two of the world’s largest payment networks – Visaand MasterCard– our WAVE technology platform is poised for large-scale implementations with banks, payment card providers, public transportation projects, loyalty and rewards programs and more,” said Ofer Tziperman, OTI’s CEO.
“OTI joins a small, elite group of vendors that have passed the long and rigorous certification process with Visa. This certification will help solidify the market’s endorsement of the WAVE solution.” added Tziperman.
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