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OTI supplies Taipei Fubon Bank with payment key fobs

On Track Innovations (OTI), a contactless microprocessor-based smart card service company, is providing Taipei Fubon Bank with a 'Tap & Go' key fob solution. The device complies with MasterCard PayPass and fits on a key chain, allowing customers to make purchases by tapping a contactless reader at participating merchants.

Taipei Fubon Bank is offering the new device as part of its 2006 FIFA World Cup promotion. Customers have the opportunity to win prizes when using their PayPass-enabled key fob to pay for their purchases. The grand prize is a trip to watch the 2006 FIFA World Cup in Germany.

OTI brings experience in contactless payment that is second to none. Providing a complete solution, we allow our customers to introduce a cost- effective, reliable and secure solution in short time to market, said Oded Bashan, chairman, president and CEO of OTI.