Rosh Pinna, Israel, April 17, 2017 — On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global provider of near field communication (NFC), cashless payment and fuel management solutions, announces today that Outdoor Vending Solutions (OVS) is partnering with OTI and Apriva to provide secure EMV payments and telemetry for their bulk, unattended vending solutions.
Texas based OVS manufactures and markets cage-type vending machines for selling bulky items such as firewood, charcoal and cases of bottled water and has exclusive contracts with Texas Parks and Wildlife. Their machines also target Big-box and C stores for unattended propane bottle sales and exchange.
“Upgrading to a fully EMV compliant payment solution that is also certified for use in hazardous locations such as propane vending was an easy choice” says John Agor, President OVS. “The otiKiosk solution powered by the Apriva gateway allows our clients the ability to offer relevant goods and services to their customers, even in remote and unattended environments.
“This indicates our strategy to expand our business activity in the US” says OTI CEO Shlomi Cohen. “We are providing pre-certified, off the shelf cashless payment solutions that are very cost-effective. Cashless pays for itself with uplift in sales and the modularity, scalability and ease of integration of our solutions makes the decision to switch to cashless even easier. We expect to be deploying thousands of systems in the next 24 months.
otiKiosk comes with a full featured and pre-integrated Terminal Management System (TMS) that allows customers to manage their machines independently or as a service provided by OTI.
For more information on OTI’s cashless payment solutions for unattended retail environments visit the company’s website, follow the company on Twitter or LinkedIn, or schedule a meeting with OTI team at the upcoming NAMA OneShow.
On Track Innovations (OTI) is a global leader in the design, manufacture and sale of secure cashless payment solutions using contactless NFC technology with an extensive patent and IP portfolio. OTI’s field-proven innovations have been deployed around the world to address cashless payment and management requirements for the Internet of Payment Things (IoPT), wearables, automated retail and petroleum markets. OTI distributes and supports its solutions through a global network of regional offices and alliances. OTI is the proud recipient of the 2017 AI Award for Best Cashless Payment Solutions Provider – Israel. For more information, visit www.otiglobal.com.
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