On Wednesday, the company issued a press release that perhaps came across as a little pump and dump style.
WAVE is already certified by MasterCard and Visa and offers NFC solutions to old models. This is a product that is already available and was just rebroadcast on the heels of the iPhone 6 event.
More importantly, the WAVE devices are in several pilot programs with mobile operators and mass transit providers.
Another item to watch is the fact that On-Track recently terminated its poison pill. The old board of directors had this in place to keep control of the company. With the pill out of the way, On-Track could easily be acquired or become the target of any talks for companies expanding in the NFC or transaction segment. In fact I wouldn't be at all surprised to see a POS leader like NCR (NYSE:NCR) sniff around at a possible deal. |