OTI finalizes sale of SmartID division

NFC Technology mobile commerce

Mobile commerce firm closes sale of SmartID to SuperCom On Track Innovations (OTI), a leading developer of cashless payment technologies, has announced the successful sale of its SmartID division to SuperCom, a digital identity solutions provider. SmartID was sold for approximately $10 million and SuperCom is expected to continue the organization’s daily operations, taking on SmartID’s clients and ensuring they have access to the acquired organization’s services and products. SuperCom is also expected to take on SmartID’s employees, ensuring that those that had worked in the division previously are able…

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