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On Track Innovations receives massive order for NFC terminals

| October 18, 2012

 

On Track Innovations announces $2 million order for NFC terminals

On Track Innovations, a leading developer and marketer of NFC-enabled products, has announced that it has received a $2 million order for its NFC payment terminals. These terminals are able to facilitate mobile transactions between a business and consumer at point-of-sale through the interpretation of digital information transmitted by an NFC-enabled mobile device. The demand for these terminals has been growing quickly in recent months due to the expansion of mobile commerce and the growing availability of NFC-enabled devices.

Company plans to deliver systems throughout 2013

On Track Innovations plans to deliver its NFC terminals to its customers during the latter months of 2012 and throughout 2013. The company notes that the $2 million order it has received represents orders from several companies around the world, all of which are preparing for the arrival of NFC-enabled devices and the growth of mobile commerce. The terminals will allow these companies to accept mobile payments from platforms supported by MasterCard, Visa, American Express, Discover, and other financial institutions.NFC Terminals

On Track Innovations has already delivered 50,000 units this year

Earlier this year, On Track Innovations announced that it had delivered more than 50,000 NFC terminals to customers around the world, with many located in Europe and the U.S. Both regions represent the strongest growth of the mobile commerce industry, with the penetration of NFC-enabled mobile devices being highest in these markets. These markets have proven the most attractive to mobile commerce companies because of the high interest consumers seem to have in mobile payments.

Mobile commerce growth driving demand for NFC terminals amongst businesses

The companies that have ordered NFC terminals from On Track innovations have not yet been disclosed. The identity of these companies may be revealed at a later date, at the discretion of On Track Innovations. For now, the order represents a sign that the mobile commerce industry is establishing a stronger presence around the world and pushing companies to prepare to serve consumers that are eager to participate therein.

Hands-Free Videophone revealed by NTT Docomo

| October 18, 2012

 

Hands-Free Videophone combines augmented reality with glasses

Augmented reality glasses may have lost some steam over the past few months, but that does not mean they are disappearing from the horizon of the commercial market. NTT Docomo, a leading mobile network operator with a keen interest in NFC technology, has developed a new head-mounted augmented reality device called the Hands Free Videophone. The device enables users to receive video calls without having to rely on any kind of handheld device. The Hands-Free Videophone is part of Docomo’s ongoing research and development project concerning high-tech glasses.

Device capable of creating digital video based on user’s face

The Hands Free Videophone is equipped with three cameras that are used to capture a user’s face. The cameras capture several pictures, which are combined in real time and converted into a video, which can then be sent to another device. In its current state, the Hands-Free Videophone and produce high definition images and videos, but the device’s cameras and augmented reality system are not yet powerful enough to render complex movements, such as those seen in the mouth during speech.

Device may have a future amongst traveling business professionals

The device is designed to create a digital video based on the face of its wearer. As such, the device will be completely invisible on the digital representation of the user when conducting a video call. This may be a welcome feature for those interested in augmented reality but turned off by the often bulky designs of head-mounted technology. Docomo believes that the Hands-Free Videophone could eventually find a great deal of use amongst the business community, especially those who frequently travel for work.

Development to accelerate in near future

NTT Docomo is committed to the continuous development of the Hands Free Videophone. The device is currently in the prototype stages of development, but Docomo believes that its work on the project will begin to accelerate within the next few months. The company is currently focused on improving the video rendering capabilities of the device so that more detailed videos can be produced.