On Track Innovations Ltd. (oti) has deployed its NFC payment system to Taiwan Mobile Payment Co. (TWMP). The deployment was delivered through oti's channel partner, Tradelink Electronic Commerce.

oti's WAVE device was an integral part of a wider deployment by TWMP of its backend Payment Service Provider Trusted Service Manager platform. The new solution aims to reduce the large upfront costs of integrating relevant payment constituents as well as support business development initiatives in order to spur Taiwan's financial industry and economic development. The deployment includes oti's NFC-based WAVE audio-jack plugin device for smartphones, tablets and PCs.

The patented WAVE device enables banking customers to perform NFC payment transactions, effectively transforming their devices into digital wallets. It also gives banks control over the Secure Element, eliminating dependency on third-party organizations like mobile network operators. As a common cross platform add-on, WAVE enables the desired flexibility to meet the Taiwanese market needs.

WAVE connects to the device's operating system via the audio jack, allowing for PIN code authentication and Over-the-Air capabilities, including reloading cash electronically, checking balances, remote personalization, and downloading new applications. Users can add approved credit cards, payment cards, and loyalty cards to their new digital wallets via oti's patented and secure technology. This capability allows retailers to implement real-time value-added services like loyalty programs, location-based advertisements, and promotions.

As an additional option, WAVE can support Public Key Infrastructure for e-banking and online authentication, as well as cross border use for international travel. The easy-to-use device opens the door to a new world of mobile device applications, and increases privacy and security, while eliminating the need for a wallet full of cards.