On Track Innovations has received the first order for its new contactless mobile payment product, COPNI.
COPNI (Contactless Payment and NFC Insert) is an NFC add-on device that enables mobile network operators (MNOs) to support NFC functionality and contactless payment applications from major card associations and mass transit ticketing agencies. The solution also allows MNOs to manage other applications such as e-coupons and loyalty programs.
Independent of the SIM, handset type and model, COPNI hooks onto a mobile phone to grant users access to a range of payment transactions, including prepaid, credit and debit, as well as loyalty programs and other NFC related applications.
“The demand of MNOs for NFC and the lack of hardware-ready phones creates an opportunity for our solution,” said OTI’s CEO Oded Bashan. “COPNI provides MNOs with an after-market, cost effective solution to get there.”