oti and Apriva Partner to Bring a Unified, NFC-Powered Mobile and Cashless Payment Solution to Kiosks

The joint solution integrates oti’s cashless and mobile payment NFC with Apriva’s Gateway that securely connects wireless devices to over 35 payment process


Apriva logo
ROSH PINA, ISRAEL — 02/16/16 — On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, today announced that it has formed a strategic partnership with Apriva, a leading provider of secure, end-to-end wireless transaction and information solutions, to address an unmet need in the global kiosk market.

The companies will offer a joint solution that integrates oti’s industry-leading cashless and mobile payment NFC technology with Apriva’s Gateway technology. Apriva’s Payment Gateway securely connects wireless devices with more than 35 payment processors using its ultra-secure and reliable technology, providing both vendors and their customers with one of the most comprehensive payment solutions available today.

The integrated solution delivers a proven, “off-the-shelf” platform to the global kiosk market, supporting MasterCard, Visa, and American Express among other payment methods. The solution is designed to simplify the complexity of an EMV payment process by unifying a certified reader and processor into an integrated system. An Application Programming Interface (API) provides developers the tools for adding NFC-powered, EMV-certified cashless and mobile payments functionality to their kiosk applications.

“Our integrated solution provides a simple, easy interface to address a previously complicated portion of the market where developers have struggled to add mobile payments functionality to their kiosk applications,” said Stacey Finley Tappin, SVP of sales and marketing communications for North America at Apriva. “This partnership takes away those frustrations and makes payments integration easy for developers. By partnering with oti, a recognized leader in the NFC cashless payment space, we’ve been able to rapidly deliver an effective solution to our global base of application developers.”

oti CEO, Shlomi Cohen, added: “Our collaboration with Apriva has substantially expanded our market reach, making our NFC mobile payment solutions now more readily available to the fast-growing global kiosk market. Kiosk operators will be able to better serve their customers who are increasingly expecting to use their NFC-enable mobile device when making payments or other secured transactions.”

The unified solution may also include a robust Terminal Management System (TMS), allowing kiosk operators to remotely control and manage their network in real-time, including the ability to remotely update kiosks to the latest EMV requirements.

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.

Investor Contact:
Scott Liolios or Matt Glover
Liolios Group, Inc.
949-574-3860
otiv@liolios.com

Press Contact:
Neil Barr
Director of Marketing – oti
+972-4-686-8004
press@otiglobal.com