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Citigroup, MasterCard, Cingular and Nokia Team to Pilot Next Generation Mobile Phone with “Tap & Go™” Payment in New York City

Innovative Payment Trial to Use Near Field Communications Technology NEW YORK, NY, December 14, 2006–Citigroup, MasterCard Worldwide, Cingular Wireless and Nokia today announced a consumer technology trial of Near Field Communication (NFC)-enabled mobile phones with MasterCard PayPass™ contactless payment capability in New York City. The goal of this trial is to evaluate the speed and…
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Visa USA Combines High-Growth Product Offerings to Launch First Prepaid Contactless Program

Issued by MetaBank, Visa-Branded Prepaid Contactless Cards Provide Compelling Alternative to Cash, Reflect Increased Consumer Demand for Electronic Payments SAN FRANCISCO, December 13, 2006–Visa USA today announced the launch of its first contactless prepaid cards, providing consumers a faster and more convenient way to pay and offering merchants increased revenue opportunities, increased throughput and improved…
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Discover Network Certifies OTI Card Reader for Contactless Payment System

OTI’s Saturn 5000 to Support Discover Network’s Fast, Secure, and Simple Contactless Payment System Worldwide Riverwoods, IL,, November 28, 2006–Discover Network, a business unit of Discover Financial Services and Morgan Stanley (NYSE: MS), today announced that it has certified the Saturn 5000 contactless reader developed by On Track Innovations (OTI) (NASDAQ: OTIV), a global leader…
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JupiterResearch Forecasts the Value of Transactions Conducted Using Contactless Tokens Will Reach $79 Billion in 2010

New York, NY, November 28, 2006–JupiterResearch, a leading authority on the impact of the Internet and emerging consumer technologies on business, finds that the total value of transactions conducted using contactless payment tokens will grow from $500 million in 2006 to $79 billion in 2010. According to a new JupiterResearch report, “US Contactless Payments; Primed…
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VeriFone Provides Contactless Payment Software and Systems for New York City Subway Trial

San Jose, CA, November 27, 2006–VeriFone Holdings, Inc. (NYSE: PAY) today announced that it is providing the integrated payment solutions being used in the contactless subway trial underway in New York. VeriFone’s solution includes the VeriFone Secura system with contactless smart card capabilities, together with management software. The current pilot is being managed by the…
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