Smart Card Alliance Latin America

Inteligensa's Venezuelan Banking Application is Again Certified by Mastercard

Smart Card Alliance — Mon, 06 Feb 2012 09:35:00 -0500

Caracas, 08/01/2012–Inteligensa is pleased to announce the successful certification of its EMV chip application by MasterCard, for use with Sofitasa Bank payment cards.

Thanks to the efforts of a first-class professional team at Inteligensa, the application, specially-developed for Sofitasa, is certified for the bank’s Maestro and MasterCard EMV cards. This is an important measure of the security and correctness of the company’s solutions.

Venanzio Cipollitti, President of the Inteligensa Group, praised the achievement and said that “our record in bank card applications is highly positive. We are committed to our customers and feel supported by them, as we are by the Venezuelan banking industry as a whole. This news is great vote of confidence in our work and our technology”.

The Inteligensa Group is the largest manufacturer and personalizer of EMV chip cards in Latin America.

About the INTELIGENSA GROUP

THE INTELIGENSA GROUP is a leading multinational organization in the design and implementation of identification and payment systems, its core business being the technological integration of solutions.

From its founding in 1987, INTELIGENSA has been recognized for its discretion in managing its clients’ projects, for maintaining high security levels, and for its interest in always exceeding the client’s expectations through innovative ideas that differentiate it from its competitors, all the while focused on maintaining a quality and service culture, in line with the company’s highest values: responsibility, discipline and excellence.

INTELIGENSA’s greatest strengths are its professional development and support teams for project development and technical support of smart card applications. This allows INTELIGENSA to fulfill client needs in the process of smart card migration up to successful completion and post-launch service.

Contacts

angela.cavaliere@inteligensa.com, info@inteligensa.com, http://www.inteligensa.com, Twitter: @INTELIGENSA_HQ

OTI Receives an Initial $6.9 Million Contract to Supply Electronic Immigration Control System in Panama

Smart Card Alliance — Mon, 30 Jan 2012 10:55:00 -0500

Contract is OTI’s first in Panama and Builds Upon its Existing Secure ID Footprint in Latin America

Iselin, NJ–January 30, 2012 - On Track Innovations Ltd. (“OTI”) (NASDAQ GM: OTIV) today announced that the Ministry of Public Security of Panama has awarded OTI with a contract for the supply, design, installation and integration of systems to monitor and improve immigration verification processes and overall immigration flow. OTI expects to recognize revenues of approximately $6.9 million, with the potential for additional revenue in future years from follow-on contracts.

The contract provides for the supply of OTI’s end-to-end turnkey immigration solution, based on its proprietary state-of-the-art, field-proven eID Magna™ platform. The solution includes data enrollment and issuing stations, as well as individual means to verify identity tied to Biometric Automatic Fingerprint Identification System (AFIS), allowing for better control at border points and increased efficiencies.

Oded Bashan, Chairman and CEO of OTI, stated, “”OTI’s secure ID offerings provide a cost effective, secure and timely to-market solution that leverages and interfaces with legacy systems and records.”

Mr. Bashan continued: “We are happy to expand our footprint in Latin America to support Panama’s efforts to improve identity verification at their borders. By deploying our solution, Panama is taking firm control of immigration security and identity to diminish the substantial risks and costs of illegal immigration and identity theft.”

OTI’s Magna modular platform enables short implementation time frames, seamless integration with a country’s existing border control system and provides external interfaces to a digital Certificate Authority for signature verification. The system is compliant with International Civil Aviation Organization (ICAO) standards and offers a migration path to additional e-Gov applications and electronic ID documents such as National IDs, Voter IDs and Driver Licenses, and more

The technology and integration within the OTI system enables a much more efficient and secure border control process that should reduce paperwork, operating costs and personnel needs while also substantially streamlining and speeding the immigration process to the satisfaction of all visitors.

About On Track Innovations Ltd. (http://www.otiglobal.com)

On Track Innovations Ltd. (“OTI”) designs, develops and markets secure identification, payment and transaction processing technologies and solutions for use in secure ID, payment and loyalty applications based on its extensive patent and IP portfolio. OTI combines state-of-the-art, contactless microprocessor-based technologies and enabling hardware with proprietary software applications to deliver high performance, end-to-end solutions that are secure, robust and scalable. OTI solutions have been deployed around the world to address homeland security, national ID, medical ID, contactless payment and NFC (Near Field Communication) with loyalty applications, petroleum payment, parking and mass transit ticketing. OTI markets and supports its solutions through a global network of regional offices and alliances.

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 regarding the superiority or uniqueness of our products. 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, 2010, 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.

The content of websites or website links mentioned or provided herein are not part of this press release.

OTI Contacts

Galit Mendelson
VP, Corporate Relations
732 429 1900 ext. 111
galit@otiglobal.com

Jay M. Meier
SVP, Business Development & Investor Relations,
OTI America, Inc.
732 429 1900 ext. 104
jaym@otiglobal.com

Investor Relations

Norberto Aja/David Collins
Jaffoni & Collins
212-835-8500
otiv@jcir.com

Featured Content

Smart Card Alliance — Fri, 27 Jan 2012 10:47:00 -0500

New Year Resolution

The new year brings a time for deep reflections, renewals, hopes and desires. As a resolution at the beginning of the year, I always take the opportunity to revisit SCALA’s strategy, objectives, alliances, and goals to evaluate how we can improve the Alliance’s position to offer significant benefits to member organizations, expand our sense of community, and influence new markets. The first order of business is to introduce SCALA’s newly-elected Executive Committee. Read full letter »

Featured Content

Smart Card Alliance — Wed, 21 Dec 2011 12:07:00 -0500

Making the extraordinary look ordinary

One of the reasons we stay linked to the smart card industry through the Alliance is to work to accomplish one of the hardest tasks in the world – “to make the extraordinary from the ordinary, and then make the extraordinary look ordinary.” This is an extraordinary industry that makes technological accomplishments seem ordinary to the masses. The Alliance provides a united voice to all member organizations, and education for all. SCALA adds value through the participation of member organizations involved in the value chain, who contribute their knowledge to improve our industry by increasing market awareness and reducing the risk of smart card implementation through education. Read full letter (part of the 2011 Smart Card Alliance E-Yearbook) »

VSDC Training

Smart Card Alliance — Mon, 05 Dec 2011 11:04:00 -0500

Instituto Educational: CSCIP

Smart Card Alliance — Sun, 04 Dec 2011 10:21:00 -0500

Online Smart Card Training

Smart Card Alliance — Wed, 30 Nov 2011 07:06:00 -0500

Featured Content

Smart Card Alliance — Mon, 14 Nov 2011 13:27:00 -0500

Training & Professional Development

It is great to touch base with all of you after one of our busiest months this year. The SCALA staff had been working around the clock to create a training and development center for industry professionals. At the same time we were invited by the public registries of Mexico, Guatemala, and OAS to participate in the CLARCIEV meeting of regional public registries, and coordinated our Smart Card Fundamentals training program for financial institutions in Panama. Read full letter »

Featured Content

Smart Card Alliance — Mon, 17 Oct 2011 10:19:00 -0400

Chip off the Old Block

After two years of leadership from our Executive Committee, our organization has been invigorated with influence, recognition, and resources. SCALA, the official industry representative for Latin America and the Caribbean, has been invited to speak and represent the industry in all major conference events and by key government organizations in the region. These industry leaders have dedicated their personal time and resources to expand the voice of the industry and create outreach throughout Latin America and the Caribbean. Their enthusiastic and tireless leadership have been assets in providing us with direction and resources on behalf of the market. Read full letter »

Member Logos

Smart Card Alliance — Tue, 27 Sep 2011 13:42:00 -0400

Members