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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw4/12/2011 9:13:11 AM
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OTI is Establishing a Leading Position in the Growing Contactless Payments Market in Poland
finance.yahoo.com
April 12, 2011

- Provided More Than 7,000 Contactless Readers

- ASEC (OTI's Wholly Owned Subsidiary in Poland) Has Established Relationships With Multiple Chain Stores and Acquirers Throughout Country

OTI's readers support major financial contactless programs including ISO 14443 Payment Implementation (EMVCo), MasterCard PayPass, Visa PayWave, American Express ExpressPay, Discover Zip, MIFARE, ISO 15693, NFC and other proprietary systems and can read a variety of sources including cards, key fobs, smart stickers and NFC-enabled mobile phones.

OTI's Saturn 6000 reader, deployed throughout Poland, is stylishly designed and is available in multiple colors each sporting a large LCD display. It allows for configurable images, and programmable lines of characters in multiple languages. The unit's plug-and-play design and small footprint allows for easy installation and multiple configurations; it can be placed on a countertop, wall-mounted or lie flat.

The Saturn 6500 is a secured contactless reader built specifically for the outdoor market, providing a quick and easy solution to support electronic payments. The Saturn 6500 provides a convenient payment method for both magnetic stripe and contactless card holders, in one small stylish enclosure. The reader's modular design makes it easy to install, with various connection options, making the Saturn 6500 a perfect solution for vending machines, pay-at-the-pump and drive-thru applications.
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