Category: Mobile Payments

On Track Innovations receives massive order for NFC terminals

| October 18, 2012

 

On Track Innovations announces $2 million order for NFC terminals

On Track Innovations, a leading developer and marketer of NFC-enabled products, has announced that it has received a $2 million order for its NFC payment terminals. These terminals are able to facilitate mobile transactions between a business and consumer at point-of-sale through the interpretation of digital information transmitted by an NFC-enabled mobile device. The demand for these terminals has been growing quickly in recent months due to the expansion of mobile commerce and the growing availability of NFC-enabled devices.

Company plans to deliver systems throughout 2013

On Track Innovations plans to deliver its NFC terminals to its customers during the latter months of 2012 and throughout 2013. The company notes that the $2 million order it has received represents orders from several companies around the world, all of which are preparing for the arrival of NFC-enabled devices and the growth of mobile commerce. The terminals will allow these companies to accept mobile payments from platforms supported by MasterCard, Visa, American Express, Discover, and other financial institutions.NFC Terminals

On Track Innovations has already delivered 50,000 units this year

Earlier this year, On Track Innovations announced that it had delivered more than 50,000 NFC terminals to customers around the world, with many located in Europe and the U.S. Both regions represent the strongest growth of the mobile commerce industry, with the penetration of NFC-enabled mobile devices being highest in these markets. These markets have proven the most attractive to mobile commerce companies because of the high interest consumers seem to have in mobile payments.

Mobile commerce growth driving demand for NFC terminals amongst businesses

The companies that have ordered NFC terminals from On Track innovations have not yet been disclosed. The identity of these companies may be revealed at a later date, at the discretion of On Track Innovations. For now, the order represents a sign that the mobile commerce industry is establishing a stronger presence around the world and pushing companies to prepare to serve consumers that are eager to participate therein.

Texas Instruments introduces new NFC-enabled smart meters

| October 16, 2012

 

Texas Instruments shows off new products at Metering Europe event

Texas Instruments is one of the several technology companies attending this year’s Metering Europe event in Amsterdam. The annual event has become a place where firms and technology developers can show off their latest creations and how these products can be used for metering projects concerning energy and the consumption of other resources. Like others presenting at the event, Texas Instruments has set its sights on NFC technology and how it can be used in smart meters to reduce the cost of meter systems.

NFC-enabled system can be integrated into existing networks

Texas Instruments is showing off two products it has developed at the event. The first is a smart meter system-on-chip that is designed to introduce more simplicity to smart meter systems. The company has gone to great lengths to design the technology so that it can be easily integrated into existing meter systems. It is equipped with NFC technology, allowing the system to transmit data wirelessly and communicate with other NFC-enabled platforms.

NFC smart meter can efficiently monitor energy consumptionTexas Instruments

The second product on display by Texas Instruments is called the Smart Meter Board. This is a scalable, modular smart meter system that incorporates a plethora of communication protocols. It is designed for use with an existing smart energy grid, allowing for various forms of metering of consumption and usage. This product is also equipped with NFC technology. Because the meter is used to monitor the use of electricity, consumers with NFC-enabled mobile devices can use the platform to make payments for the energy they use by simply waving their device near the meter.

Smart meters may have promising future ahead of them

The world is growing more interested in clean energy. Part of this interest calls for the adoption of practiced energy efficiency. Smart meters are able to efficiently monitor the use of electricity and help people make adjustments in their consumption habits to cut back on wasteful usage. Texas Instruments is one among many companies that believes smart meters have a strong future in the realm of clean technology.