On Track Innovations Ltd.: erhält Folgeauftrag
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Monday October 6, 9:00 am ET
- New Order for Additional 100,000 Cards to Expand User Groups
- SMART Expects More than One Million Cards Deployed over Next 24 Months
FORT LEE, N.J., Oct. 6 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that Smart Applications International Ltd. (SMART), a Kenyan company committed to delivering technology driven secure healthcare solutions, has placed an order for an additional 100,000 MediSmart cards which are to be issued by multiple medical scheme managers. This expansion comes after SMART has already issued approximately 100,000 cards and deployed 340 contactless smart card readers & other device points of service at hospitals, pharmacies and general practitioner sites across Kenya, enabling patient authentication, verification of benefits and claims processing in a seamless electronic process. In accordance with OTI's recurring revenue strategy, revenues from this product are obtained from both products and licensing fees per issued card.x
ADVERTISEMENT
MediSmart, developed by a team of healthcare industry experts at OTI with system process design support by SMART, provides complete medical history, biometric identification and co-payment options. In initial trials, MediSmart reduced client medical expenses by up to 25% to 40%. Moreover, MediSmart enables the introduction and effective management of joint state and private sector funding and service delivery models.
With OTI's MediSmart, SMART is able to provide a complete healthcare solution including cards, readers and related software that are seamlessly integrated with hospital management systems; up to 75% of patients in Kenya receive their primary healthcare services at public hospitals. The OTI MediSmart solution offers secure and fast front-end patient authentication and benefit verification at the service provider level. It allows for electronic clinical data capture and electronic claim and/or report generation, taking into consideration benefit rules in respect to services provided and benefit utilization. At the same time the information is recorded on each patient's personal MediSmart card (or mobile data repository), relevant data is transferred to the corporate and insurer levels. With MediSmart, statements and invoices are generated faster, administration time and cost are reduced and, since claims are authenticated electronically, it further guarantees payment and reduces payment cycles at the provider levels.
The OTI MediSmart solution offers the following benefits:
* Biometrically authenticated member identification
* No Over expenditure - members use only the benefit balance on their cards
* Faster member scheme rules verification
* Remote communication with card for benefits renewal or update
* Remote member cancellation
* An improvement in clinical decision making by facilitating the communication of client-option/plan specific guidelines, protocols, rules and warnings amongst all role players in the health care sector
* Reduction of human error, medical risk, service errors or Rx
* Easy and rapid access to essential patient medical information in case of emergencies
In addition, the solution helps eliminate:
* Payments for fraudulent services not rendered
* Over expenditure in line with benefit balances
Oded Bashan, Chairman and CEO of OTI said, "The expansion of the MediSmart solution provides solid proof to the success of the MediSmart product. This is yet another example where OTI is focusing on high margin projects with recurring revenues. These projects have a longer initiation process but provide solid long term revenues for OTI."
"The expansion of the MediSmart program in Kenya is very exciting as it facilitates an easier and more reliable experience to our members", says Mrs. Pauline Muriuki, CEO of SMART.
Mr. Chris Kirubi, Chairman SMART, continues: "This solution enables the Kenyan Government to realize their ambition of providing medical services to every Kenyan. In our view over the next 12 months we will have more than one million cards in Kenya."
About OTI
Established in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.
For more information on OTI, visit www.otiglobal.com, the content of which is not part of this press release.
About Smart Applications International Limited (SMART)
SMART is a privately owned limited liability company incorporated in Kenya. The majority ownership is by Kenyan investors. We have licensed the MediSmart solution from our partners and technology developers; OTI Africa based in Cape Town, South Africa and we are very privileged to be the pioneers and drivers of this new world-class technology in Kenya and the regional market at large. The company's strategic intent is to make a Smart Card the card of choice in the entire Healthcare industry. For more information on SMART, visit www.smart.co.ke
Safe Harbor for Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as the statements related to the potential market for OTI's MediSmart solution, expected revenues to be generated from MediSmart projects and the superiority of the MediSmart solution. Forward-looking statements could be impacted by failure of market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2007, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.
OTI Contact: Investor Relations
Galit Mendelson Paul Holm
Vice President of Corporate Relations portfoliopr
201 944 5200 ext. 111 212 888 4570
galit@otiglobal.com paulh@portfoliopr.biz
Die allgemeine Lage hat wohl ein wenig Schuld. Aber nicht nur alleine, wenn Oti aus den miesen kommt geht der Kurs in Richtung Sonne. Ein Widerstand ist bei ca. 3,20$ dann ist ein schöner Sprung möglich. Schade, dass ich z.Z. keine Möglichkeit habe drauf zu stocken. Wenn die Kanonen schießen sollst du kaufen. Im Moment wird kräftig geschossen.
März, habe einiges von Deinem empfohlendem Artikel gelesen. Muß aber noch mal in Ruhe weiter lesen.
Wünsche Euch, dass die Kanonen noch mehr schießen.
mfG
edugat§
Zudem wird der US$ z.Z. wesentlich stärker. Ich schätz, dass er noch Richtung 1,2 $ = 1 € geht, sobald in Europa noch mehr Banken wackeln.
Zudem ist es m.E. längst überfällig, dass die EZB die Zinsen senkt, um die Banken zu entlasten.
Dann erwarte ich, dass der EURO schwächer wird. Das würde unseren Kurs in EURO anheben.
Gruß
März
Monday October 6, 9:00 am ET
- New Order for Additional 100,000 Cards to Expand User Groups
- SMART Expects More than One Million Cards Deployed over Next 24 Months
FORT LEE, N.J., Oct. 6 /PRNewswire-FirstCall/ -- On Track Innovations Ltd., (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that Smart Applications International Ltd. (SMART), a Kenyan company committed to delivering technology driven secure healthcare solutions, has placed an order for an additional 100,000 MediSmart cards which are to be issued by multiple medical scheme managers. This expansion comes after SMART has already issued approximately 100,000 cards and deployed 340 contactless smart card readers & other device points of service at hospitals, pharmacies and general practitioner sites across Kenya, enabling patient authentication, verification of benefits and claims processing in a seamless electronic process. In accordance with OTI's recurring revenue strategy, revenues from this product are obtained from both products and licensing fees per issued card.x
ADVERTISEMENT
MediSmart, developed by a team of healthcare industry experts at OTI with system process design support by SMART, provides complete medical history, biometric identification and co-payment options. In initial trials, MediSmart reduced client medical expenses by up to 25% to 40%. Moreover, MediSmart enables the introduction and effective management of joint state and private sector funding and service delivery models.
With OTI's MediSmart, SMART is able to provide a complete healthcare solution including cards, readers and related software that are seamlessly integrated with hospital management systems; up to 75% of patients in Kenya receive their primary healthcare services at public hospitals. The OTI MediSmart solution offers secure and fast front-end patient authentication and benefit verification at the service provider level. It allows for electronic clinical data capture and electronic claim and/or report generation, taking into consideration benefit rules in respect to services provided and benefit utilization. At the same time the information is recorded on each patient's personal MediSmart card (or mobile data repository), relevant data is transferred to the corporate and insurer levels. With MediSmart, statements and invoices are generated faster, administration time and cost are reduced and, since claims are authenticated electronically, it further guarantees payment and reduces payment cycles at the provider levels.
The OTI MediSmart solution offers the following benefits:
Biometrically authenticated member identification
No Over expenditure - members use only the benefit balance on their cards
Faster member scheme rules verification
Remote communication with card for benefits renewal or update
Remote member cancellation
An improvement in clinical decision making by facilitating the communication of client-option/plan specific guidelines, protocols, rules and warnings amongst all role players in the health care sector
Reduction of human error, medical risk, service errors or Rx
Easy and rapid access to essential patient medical information in case of emergencies
In addition, the solution helps eliminate:
Payments for fraudulent services not rendered
Over expenditure in line with benefit balances
Oded Bashan, Chairman and CEO of OTI said, "The expansion of the MediSmart solution provides solid proof to the success of the MediSmart product. This is yet another example where OTI is focusing on high margin projects with recurring revenues. These projects have a longer initiation process but provide solid long term revenues for OTI."
"The expansion of the MediSmart program in Kenya is very exciting as it facilitates an easier and more reliable experience to our members", says Mrs. Pauline Muriuki, CEO of SMART.
Mr. Chris Kirubi, Chairman SMART, continues: "This solution enables the Kenyan Government to realize their ambition of providing medical services to every Kenyan. In our view over the next 12 months we will have more than one million cards in Kenya."
wie weit wird es wohl noch bergab gehen? Die Finanzmarktkrise führt auf breiter Front zu Kursabschlägen.
Was meint ihr?
ich habe eben rein zufällig im Fernsehkanal "Rheinmain TV" ein ausführliches Interview mit einem MasterCard Angestellten gesehen. Er stellte detailliert das PayPass-System und seine Vorzüge vor. Demnach gibt es ab sofort am Frankfurter Flughafen in einzelnen Verkaufsstellen die Möglichkeit, mit der kontaktlosen Karte bargeldlos bis zu EURO 25 zu bezahlen. Bis Jahresende sollen alle Restaurants und andere Stellen ausgerüstet werden. Im kommenden Jahr sollen die meisten deutschen Flughäfen ebenfalls mit unserem Bezahlsystem ausgestattet werden.
Der MasterCard-Vertreter nannte das türkische Bezahlsystem als äußerst "pfiffig". Wie ihr wisst ist unser OTI hier mit Lesegeräten und Chips in Uhren im Geschäfft.
Meine Tochter hat sich das (unbedarft) angesehen und gemeint, dass sie das unbedingt braucht, da sie oftmals kein Geld in der Tasche hätte. ( Nachteil ist dann natürlich, dass sie noch mehr Geld ausgeben würde :-(( ) .
Na ja, was solls: Ist ja nicht mein Geld (meistens wenigstens nicht).
Der Vertreter gibt zu verstehen, dass überall die Umsätze steigen, sobald die Karte eingeführt ist.
Weiterhin stellt er die Prognose, dass in 10 Jahren (ojeh, da bin ich schon fast in Rente) auch in Deutschland überwiegend bargeldlos bezahlt wird.
Gruß
März
Die Meldung wird so lauten.
Aufgrund der Finanzkrise konnten wir einige Projekte nicht durchführen, da unsere Kunden die
Refinanzierung nicht bereitstellen konnten...
:-(
in Krisenzeiten werden Investitionen ausgesetzt. Das verschärft die Krise weiter. Wir sind erst am Beginn dieser Entwicklung, meine ich, wenn politisch nichts getan wird.
Bei der jetzigen Krise werden zudem Sicherheiten verschärft, um einen Kredit für Investitionen zu bekommen.
In dieser Hinsicht bin ich wirklich auf die von Frank-Walter Steinmeier und Angela Merkel sowie Nicolas Sakozy für heute angekündigten Maßnahmen gespannt.
Zinsen runter? Teilverstaatlichung der Banken? Bürgschaften?
Anderes Thema: Im Bericht des CC werden Kostensenkungen angekündigt, um rentabler zu arbeiten.
Darüber hinaus war und ist der Dollarverfall wirklich ein Problem. Sobald die Preise in $ vereinbart sind erhält man tatsächlich weniger umgerechnet in die eigene Landeswährung.
Ist das der Fall, dann müsste bei der jetzigen Aufbesserung des $-Wertes sich das OTI-Ergebnis in den kommenden Monaten verbessern, bzw. nicht mehr derart katastrophal ausfallen.
Warten wir mal ab (was bleibt uns auch anderes übrig).
Renesas Technology and On Track Innovations (OTI) to Introduce a New Microcontroller-Based Contactless Payment Solution for Banks
-- Product Designed to Help Credit Card Manufacturers Provide a Cost-Effective, High-Quality System for American Banks
-- Solution Approved/Certified by MasterCard PayPass and Visa
TOKYO & FORT LEE, N.J.--(BUSINESS WIRE)--
Renesas Technology Corp., a leading semiconductor system solutions provider for mobile, automotive and PC/AV (audio visual) markets, and On Track Innovations Ltd (OTI) (NASDAQ:OTIV), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that they have developed a secure contactless microcontroller solution geared toward the US contactless payments market. The new secure payment solution has been certified by MasterCard PayPass for their 3.3 specifications and Visa 2.0.2 A&C V3.0 specifications to comply with contactless card standards. The solution is available to US banks and banks around the world who issue industry standard contactless cards.
Renesas Technology supplies the contactless microcontroller based on its AE-series smart card controller technology and OTI provides the operating system and application, and the contactless card technology including the inlay technology. The combination of Renesas' secured contactless AE41R microcontroller and OTI's Hercules operating system bundled in OTI's contactless products and technology enables the development of a robust solution that meets the stringent security requirements of the payments industry, while also supporting the speed and convenience that is essential in contactless transactions.
The solution was developed to support the large volume orders expected for the US contactless payments market: Renesas is one of the largest contactless chip providers in the world and it is widely recognized by card manufacturers for superior quality, yield, time-to-market and packaging. OTI has almost two decades of experience providing secure contactless solutions for multiple markets, and is providing solutions to support contactless cards, key fobs, smart stickers and more unique contactless products.
"Renesas is committed to providing the banking industry with a highly secure, high performance quality contactless payment solution built with its advanced security microcontroller technology, world-class manufacturing capabilities and technical competence gained over the years of experience in the security market," said Kenichi Ishibashi, general manager of secure MCU business unit Renesas Technology Corp. "By combining our chip technology and OTI's operating system and an antenna module, we can simplify the design process for card manufacturers and help accelerate the adoption of more secure contactless payment methods among many banks around the world."
"Our contactless solution provides issuers and card manufacturers with a cost-effective, reliable and secure way to implement contactless cards. We are geared up to support contactless payment programs with our proven solution of both cards and readers," said Oded Bashan, Chairman and CEO of OTI.
About OTI
Established in 1990, OTI (NASDAQ:OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.
For more information on OTI, visit www.otiglobal.com, the content of which is not part of this press release.
About Renesas Technology Corp.
Renesas Technology Corp. is one of the world's leading semiconductor system solutions providers for mobile, automotive and PC/AV (Audio Visual) markets and the world's No.1 supplier of microcontrollers. It is also a leading provider of LCD Driver ICs, Smart Card microcontrollers, RF-ICs, High Power Amplifiers, Mixed Signal ICs, System-on-Chip (SoC) devices, System-in-Package (SiP) products and more. Established in 2003 as a joint venture between Hitachi, Ltd. (TOKYO:6501) (NYSE:HIT) and Mitsubishi Electric Corporation (TOKYO:6503), Renesas Technology achieved consolidated revenue of 951 billion JPY in FY2007 (end of March 2008). Renesas Technology is based in Tokyo, Japan and has a global network of manufacturing, design and sales operations in around 20 countries with about 26,800 employees worldwide. For further information, please visit http://www.renesas.com
Other product names, company names, or brands mentioned are the property of their respective owners.
Safe Harbor for Forward-Looking Statements:
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as those related to the potential market for OTI's and Renesas's joint solution, expected revenues to be generated from this solution and its superiority. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2007, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Except as otherwise required by law, OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.
Source: Renesas Technology Corp. and On Track Innovations Ltd (OTI)
Gruß
März
Anfang der Woche wurden mit dem 400 bis 500 Mrd.-Programm hierzulande erst einmal die Baken und der Zahlungsverkehr gerettet.
Die EZB müsste m.E. nun mit den Zinsen runter. (Nur das) hilft mittelfristig der Wirtschaft.
hier eine aktuelle Nachricht:
US-Kreditkartenkonzern American Express mit erneutem Gewinneinbruch
08:00 21.10.08
NEW YORK (dpa-AFX) - Der US-Kreditkartenkonzern American Express (Profil) hat im dritten Quartal wegen der Finanzkrise erneut einen Gewinneinbruch erlitten. Durch immer mehr unbezahlte Kreditkartenschulden fiel der Überschuss um fast ein Viertel auf 815 Millionen US-Dollar (612 Mio Euro). American Express (Amex) habe seine Vorsorge für faule Kredite stark aufstocken müssen, sagte Konzernchef Kenneth Chenault am Montag nach US-Börsenschluss in New York. Enorme Kreditkartenrückstände gelten in den USA als das nächste große Risiko für die Finanzmärkte nach den Hausdarlehen, die der Auslöser der weltweiten Kreditkrise waren.
Analysten hatten bei Amex allerdings einen noch stärkeren Rückgang des Gewinns befürchtet. Die Erträge stiegen leicht von 6,96 auf 7,16 Milliarden Dollar. Für vom Ausfall bedrohte Kredite stellte Amex 1,4 Milliarden Dollar zurück - gut 50 Prozent mehr als ein Jahr zuvor. Nach einem noch drastischeren Ergebniseinbruch im zweiten Quartal hatte Amex vor drei Monaten seine Gewinnprognose über den Haufen geworfen. Das Wachstum der mit Amex-Karten bezahlten Ausgaben habe sich nun weiter verlangsamt, räumte Chenault ein. Der Konzern werde wie bereits angekündigt Stellen streichen und Kosten einsparen.
FINANZKRISE SCHLÄGT DURCH
American Express galt lange wegen seiner relativ zahlungskräftigen Kundschaft als vergleichsweise widerstandsfähig. Die Finanzkrise zieht allerdings immer weitere Kreise und schlägt in den USA auf alle Schichten und Wirtschaftsbereiche durch. Immer mehr Amerikaner sitzen in einer Schuldenfalle. Sie schichten ihre Rückstände oft nur noch von einer Kreditkarte auf die nächste, weil sie die teils enormen Zinsen nicht mehr abbezahlen können.
Die Amex-Aktie legte nachbörslich angesichts der nicht so schlecht wie erwartet ausgefallenen Zahlen um mehr als sechs Prozent zu. Im Tagesverlauf hatte sie zuvor bereits 4,4 Prozent auf 24,35 Dollar gewonnen. In diesem Jahr verlor Amex allerdings bisher rund die Hälfte des Börsenwerts.
Die Konkurrenten und Branchenführer Visa und Mastercard legen ihre Zahlen in den nächsten beiden Wochen vor. Ihr Vorteil gegenüber Amex in Krisenzeiten: Sie tragen nicht selbst das Risiko unbezahlter Kreditkartenschulden, sondern ihre Mitgliedsbanken./fd/DP/stw
Quelle: dpa-AFX
OTI Saturn Countertop and Outdoor Readers Receive Global Approval for MasterCard and Visa Contactless Payment
- Saturn Series Support US Market as Well as EMV Applications
- Solution to Be Presented at the CARTES & IDentification 2008 Show in Paris , November 4-6
FORT LEE, N.J., Oct. 28 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV), a global leader in contactless microprocessor-based smart card solutions, for payments, petroleum payments, homeland security, and other applications, today announced that following a stringent approval process, its Saturn 6000 countertop reader and Saturn 6500 outdoor reader have been approved by Visa for its new global Visa payWave and by MasterCard for its MasterCard(R) PayPass(TM) global specifications.
The contactless readers support the global contactless EMV applications published by MasterCard and Visa, as well as MiFare technology, and non-EMV contactless payment programs from other major financial institutions, including ExpressPay from American Express and Discover. Their introduction will be a smooth transition from current systems and will leverage existing infrastructure.
The Saturn 6000 and Saturn 6500 offer superior performance and enhanced security features with extremely fast communication speed and optimal reading range.
The stylishly designed Saturn 6000 contactless countertop reader, available in multiple colors with a large LCD display, allows for configurable images, and programmable lines of characters in multiple languages. Its plug-and-play design and small footprint allow for easy installation and multiple configurations -- the reader can be placed on a countertop, it can be wall-mounted or it can lie flat. It is the most advanced countertop reader for merchants available.
The Saturn 6500 is a secured contactless reader built for vending machine, petroleum and mass transit markets. The reader provides a convenient payment method for both magnetic and contactless card holders, in a small stylish enclosure. Technologically on par with the Saturn 6000, it is the most advanced outdoor contactless and magnetic stripe reader for petroleum, mass transit, vending or any unattended application available.
OTI will be demonstrating its solutions at the CARTES & IDentification 2008 Annual Conference and Exhibition, booth 4 P 060 on November 4-6 at the Paris-Nord Villepinte Exhibition Center in Paris, France.
Oded Bashan, Chairman & Chief Executive Officer of OTI, commented: "We are proud of our Saturn 6000 and Saturn 6500 global approval for Visa and MasterCard contactless payments. They will support U.S., European and Canadian markets for major payment cards. The Saturn product line is one of the examples of the leading edge technology and team capabilities we bring to the market and our partners."
http://www.finextra.com/fullstory.asp?id=19157
Könnte doch ein Oti Leser sein. Oder?