Ondot Systems Wins Popular Science’s Best of What’s New Award
San Jose, Calif -- November 12, 2014 -- Ondot Systems announced today that its CardControl product has received Popular Science’s coveted Best of What’s New Award for Security this year. Popular Science has long been a leader in highlighting the latest in cutting-edge technology, and Ondot is delighted to be selected in this year’s list of winners.
“For 27 years, Popular Science has honored the innovations that surprise and amaze us − those that make a positive impact on our world today and challenge our view of whatʼs possible in the future,” said Cliff Ransom, Editor-in-Chief of Popular Science. “The ‘Best of Whatʼs New’ Award is the magazineʼs top honor, and the 100 winners − chosen from among thousands of entrants − are each a revolution in their field.”
Ondot’s CardControl product was honored for transforming the way consumers and banks/credit unions can combat payment card fraud. Given recent data breaches at some of the nation’s top retailers, payment card security is top-of-mind for consumers and card issuers alike. Consumers want proactive control and instant visibility over the use of their credit and debit cards, and card issuers want to provide their cardholders with such self-service tools to help combat fraud. With Ondot’s CardControl solution, card issuers can now empower their consumers to determine when, where, and for how much their payment cards can be used – all with a few touches on a smartphone app.
Three of the top card processors in the nation, serving over 7,000 banks and credit unions, have already announced their branded versions of CardControl. Any card issuer that is served by one of these processors can enable CardControl for its cardholders with the flip of a switch. Ondot also has a solution to integrate directly into the card issuer for those not served by its processor partners.
Ondot Systems CardControl was awarded “Best of Show” at Finovate Spring 2014 . Mercator Advisory Group identifies card controls as the next “Best Practice” to be provided by Financial Institutions . Popular Science’s prestigious award further validates Ondot’s leadership in addressing a critical security need for both consumers and card issuers today.
Here is how CardControl works: https://www.youtube.com/watch?v=gYNW16BCASM
About Ondot Systems, Inc.
Ondot Systems empowers consumers to control payment cards from mobile phones. Headquartered in Silicon Valley, Ondot brings together an experienced management team from mobile, security, and payment card industries that share a vision of transforming how consumers interact with their financial institutions. For more information, visit us online at www.ondotsystems.com or email us at email@example.com
About Best of What’s New
Each year, the editors of Popular Science review thousands of products in search of the top 100 tech innovations of the year; breakthrough products and technologies that represent a significant leap in their categories. The winners — the Best of What’s New — are awarded inclusion in the much-anticipated December issue of Popular Science, the most widely read issue of the year since the debut of Best of What’s New in 1987. Best of Whatʼs New awards are presented to 100 new products and technologies in 12 categories: Aerospace, Automotive, Engineering, Entertainment, Gadgets, Green, Hardware, Health, Home, Recreatino, Security, and Software.
About Popular Science
Founded in 1872, Popular Science is the worldʼs largest science and technology magazine; with a circulation of 1.3 million and 6.8 million monthly readers. Each month, Popular Science reports on the intersection of science and everyday life, with an eye toward whatʼs new and why it matters. Popular Science is published by Bonnier Active Media, a subsidiary of Bonnier Corporation.
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