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On Track Innovations Ltd.
OTIV announced today that the Company has received an order
for 30,000 Near Field Communication (NFC) and contactless payment readers.
The OTI readers will be deployed across the United States. OTI plans to
deliver majority of the readers to the customer during 2012.
With its SCI OEM integrated solution and the Saturn outdoor and indoor line
of readers, OTI readers provide an easy, cost effective plug-and-play
solution to support the migration toward contactless payment and NFC,
necessary to support the increasing adoption of NFC payment technology
across the world. OTI's NFC readers are certified by the world's major
credit card associations -- including MasterCard, Visa, American Express and
Discover for their contactless programs. Also, OTI's state of the art
manufacturing facilities and products received the prestigious Terminal
Quality Management (TQM) certification from MasterCard. The TQM scheme was
created by MasterCard to ensure that the functionality of chip terminals, as
certified during type approval testing by EMVCo, can be sustained throughout
a manufacturing cycle.
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