Tag: nfc technology

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.

Samsung announces new version of Galaxy S III

| October 17, 2012

 

New Galaxy S III confirmed by Samsung

Earlier this year, prestigious Japanese technology company Samsung released the Galaxy S III. The smart phone was heralded as the most significant challenger to the reign of Apple’s iPhone brand and, thus far, the device has lived up to this hype. One of the most attractive things about the smart phone has been its NFC capabilities. The phone is equipped with NFC technology, allowing for wireless data transmission and enabling consumers to participate in mobile commerce. Though Samsung has seen significant success with the smart phone, the company has plans to boost this success.

Mini version of the device to be released next year

Samsung intends to exploit the rampant popularity of the Galaxy S III by releasing a new version of the smart phone into the market. The company has announced the release of a “mini” version of the Galaxy S III, which will hit the commercial market near the beginning of next year. Though the new version of the smart phone is designated as a “mini,” it will not be much smaller than the current iteration of the Galaxy S III.

Mini version very similar to full-sized counterpartGalaxy S III

The Galaxy S III mini will feature a 4-inch touchscreen, which is only .8 of an inch smaller than the larger version. The device will be equipped with the latest Android operating system, and will also include NFC technology. Pricing details for the new Galaxy S III has not yet been released by Samsung. Industry analysts suggest that the move from Samsung represents the company’s belief that it has a product capable of competing against the multiple incarnations of the iPhone.

Legal battle between Samsung and Apple continues

Samsung is currently embroiled in a legal dispute with Apple over patent infringement. Samsung is accusing Apple of copying patented technology for the creation of the iPhone. Samsung filed a motion last week to have the recently released iPhone 5 added to the legal dispute. Despite the legal battle, both companies have been able to find significant success with their mobile devices.