OTI Receives New Purchase Order for 5,000 Contactless Readers for the Smart ATM Market
ON TRACK INNOVATIONS (OTIV)
Last on track innovations earnings: 8/7 08:00 am
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US:NASDAQ Investor Relations:
otiglobal.com
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Source: PR Newswire
ROSH PINNA, Israel, Oct. 7, 2019 /PRNewswire/ -- On Track Innovations Ltd. (OTI) (Nasdaq: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, today announced that it has received a new purchase order for 5,000 units of OTI's Uno-8 advanced secure contactless NFC readers. These units will be used for the global Smart ATM market. By adding an OTI EMV-certified contactless reader, smart ATMs are provided with the ability to seamlessly and securely identify the account owner by communicating wirelessly with their smart devices, enabling an uninterrupted, simple, convenient and secure banking service for the customer."We are pleased with this new purchase order, which adds to a number of orders we have announced for OTI's advanced readers systems throughout the past year. Globally, we have already provided well over 50,000 reader systems to customers which are enabling smart ATMs with contactless NFC capabilities. Smart ATMs remain a key market for OT
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