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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| On Track Innovations Ltd | NASDAQ:OTIV | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.17 | 0.1701 | 0.18 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
DOW JONES NEWSWIRES
On Track Innovations Ltd. (OTIV) filed a patent lawsuit against T-Mobile USA Inc. for allegedly selling mobile phones that infringe upon its technology for contactless payments.
The lawsuit was filed in the U.S. district court for the Southern District of New York, On Track said Tuesday.
Officials for T-Mobile USA, a unit of Deutsche Telekom AG (DTEGY, DTE.XE), were unavailable for comment.
On Track said its near-field communication technology allows mobile phones to process payments and coupons and to mine data.
The company--which develops and sells secure identification, payment and transaction-processing technologies--reported earlier this month it swung to a fourth-quarter profit as total revenue jumped 60%.
T-Mobile is the fourth-largest U.S. carrier and the only one without the Apple Inc. (AAPL) iPhone.
-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com
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