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oti Named Finalist for a 2014 PYMNTS Innovator Award

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midastouch017   Thursday, 02/20/14 05:55:56 AM
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oti Named Finalist for a 2014 PYMNTS Innovator Award
Global Leader in NFC Payment Solutions Among Five Companies Nominated for ‘Best Comeback Story’


Business Wire On Track Innovations Ltd.

21 hours ago

ROSH PINA, Israel--(BUSINESS WIRE)--

On Track Innovations Ltd. (oti) (OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has been named a finalist for the 2014 PYMNTS Innovator Award in the category of ‘Best Comeback Story.’

“We’re honored to be considered for this prestigious industry award and be recognized for our company’s product development and enhancements over the last year,” said Ofer Tziperman, CEO of oti. “2013 marked a pivotal year for oti, with our new board of directors and executive team refocusing the company on its core NFC-based payment technology that sets it apart from the competition.”

“As a result, we’ve enjoyed accelerating sales momentum, with the industry adopting our technology as the 'de facto standard,'” continued Tziperman. “With the global marketplace at a tipping point in the transition to cashless payments, we will continue to leverage our patented technology and worldwide presence to capitalize on this multi-billion dollar revolution.”

Winners of 2014 PYMNTS Innovator Award will be announced on March 20, 2014 during a live ceremony following the conclusion of The Innovation Project 2014, a two-day program hosted by PYMNTS.com that highlights the rapidly changing payments and commerce ecosystem.

The Innovation Project 2014 will be held on March 19-20 at Annenberg Hall on the campus of Harvard University, with the theme: “Rethink. Reset. Reinvent.” The conference will address a variety of topics, including the reinvention of retail, commerce, the consumer experience, security, digital cash and global commerce.

Now in its third year, the PYMNTS Innovator Awards have garnered an exponential increase in industry participants. According to Karen Webster, president of PYMNTS.com: “The PYMNTS Innovator Awards are one of the most inspiring aspects of The Innovation Project. It puts innovation front and center and serves as a very visible reminder of the creative spirit and energy that will drive our massively dynamic payments and commerce ecosystem forward.”

This year’s PYMNTS Innovator Award judges include:

Janet Estep, NACHA

David Evans, Global Economics Group

Matt Harris, Bain Capital Ventures

Karl Mehta, Menlo Ventures

Hans Morris, General Atlantic

Paul Purcell, Continental Advisors

Dan Rosen, Commerce Ventures

Karen Webster, Market Platform Dynamics and PYMNTS.com

Matt Witheiler, Flybridge Capital Partners

To vote in the competition click here. Voting will remain open through Thursday, February 27 at 12 p.m. Eastern time.

For more information on oti and its NFC and cashless payment solutions, visit www.otiglobal.com

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