On Track Innovations Ltd. received an order through its wholly owned subsidiary, ASEC S.A. of Poland, for 17,000 NFC and contactless payment readers for deployment in Europe.
The OTI readers will be used to support the migration towards contactless payment in the European mass transit market. The order closely follows other orders received including an order for 30,000 NFC readers for the U.S. market. OTI is planning on shipping most of the readers to the Europe customer in 2013.
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 readers are certified by the world’s major credit card associations including MasterCard, Visa, American Express and Discover for their contactless programs.