SOURCE: On Track Innovations Ltd.

On Track Innovations Ltd.

May 11, 2016 08:31 ET

UCP to Distribute oti EMV Solutions in the North American Unattended Payments Market

ROSH PINA, ISRAEL and LAS VEGAS, NV--(Marketwired - May 11, 2016) - On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment systems, has partnered with Unattended Card Payments (UCP), a Las Vegas-based provider of self-service payment solutions, to offer oti's SATURN 6500 TRIO readers and CONNECT 3000 telemetry controller as part of UCP's standard portfolio of products for the North American unattended payments market.

As an Independent Sales Organization (ISO), UCP specializes in unattended payment solutions across various market verticals, including the leading EMV-focused total solution provider in the North American self-service market.

oti's SATURN 6500 TRIO is an innovative modular reader that provides multiple payment options to the unattended market segments. TRIO can be installed modularly, allowing self-service operators a simple retrofitting option with a variety of configuration choices, including:

  • Contactless only;
  • Magnetic stripe only;
  • Combined magnetic stripe and contactless;
  • EMV contact only;
  • EMV contact and contactless; and
  • EMV contact, contactless and magnetic stripe (three-in-one).

"oti's innovative product line offers a comprehensive combination of certified-EMV solutions and reliable performance at a competitive price," said Rob Chilcoat, President of North American Operations of UCP. "This is particularly important for our customers because it allows them to quickly and affordably comply with EMV standards, while reducing their liability for fraudulent transactions. The multi-modal payment functionality also lets them capture the maximum amount of sales possible, as consumers transition from card to mobile payments."

Gonen Ziv, president of oti America, added: "Our partnership with UCP reaffirms the fact that our technology, functionality, and security in the payments industry is an ideal solution for many self-service operators. These benefits are the reason why many self-service solution providers continually turn to oti for our best in class product offerings. We look forward to working closely with UCP in furthering the reach of our EMV solutions in the American market."

About UCP
UCP Inc. is dedicated to providing EMV compliant payments solutions for the self-service market in North America. For more information, visit www.ucp-inc.com.

About oti
On Track Innovations Ltd. (oti) is a leader in contactless and NFC applications based on its extensive patent and IP portfolio. oti's field-proven innovations have been deployed around the world to address NFC and other cashless payment solutions, petroleum payment and management, cashless parking fee collection systems and mass transit ticketing. oti markets and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com.

Contact Information

  • UCP Contact:
    Rob Chilcoat
    President of N. American Operations
    (702) 802-3505
    Email Contact

    oti Investor Contact:
    Scott Liolios or Matt Glover
    Liolios Group, Inc.
    949-574-3860
    Email Contact

    oti Press Contact:
    Neil Barr
    Director of Marketing
    +972-4-686-8004
    Email Contact