ROSH PINA, Israel & WARSAW, Poland--(BUSINESS WIRE)--On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has expanded the capabilities of the 84 transit ticket vending machines operated by its electronic ticket systems subsidiary, ASEC S.A., for the Mazovia Railway System in Poland.
Integrated oti NFC contactless card readers now allow travelers and commuters to easily use any NFC-enabled credit/debit card or mobile device to recharge their pre-paid phone cards issued by Mobile Network Operators (MNO) in Poland.
Currently supported pre-paid cards include those issued by T-Mobile, Heyah, Play, Plus, Orange, NJU Mobile and Lycamobile. The machines accept traditional credit/debit card and cash payments and will also support oti’s new WAVE device that makes any mobile device NFC-capable.
“The intuitive touch-screen interface of our ticket vending machines combined with an oti NFC reader makes the card reloading process extremely quick, easy and secure,” said Anat Arazi, president of ASEC. “This new capability also enhances the overall experience of using Mazovia Railway System by making life easier for busy travelers and commuters.”
Over the last year, the ASEC automated ticketing network has enabled more than 62 million trips on the Mazovia Railway. The network and railway span approximately 38,000 square miles in Poland, from Radom in the south to Dzialdowo in the north, and from Siedlce in the east up to Kutno in the west, with the city of Warsaw as the central hub.
ASEC’s ticket vending machines are located in highly trafficked railway stations or stops and can be used 24x7. The sale of the transaction is facilitated by epay Poland, a division of Euronet Worldwide, a leading global electronic payments provider and distributor. “The convenient locations and easy use of these machines supported our decision to cooperate with ASEC and provide services in its favor,” noted Barbara Szewc, marketing manager, epay Poland.
According to Ofer Tziperman, CEO of oti: “This added convenience for ASEC ticketing customers also represents another revenue stream from these ticketing terminals, as well as potentially from other NFC-enabled vending applications.”
Revenues generated from this new capability for refilling pre-paid phone cards are included in the estimated $4.7 million transaction fees revenues for the Mazovia Railway System over five years as was announced by oti in April 2013.
About epay Polska
epay Polska is a division of Euronet Polska Sp. z o.o. and operates within Euronet Worldwide Inc. (NASDAQ: EEFT). It is the leading Polish distributor of electronically loaded products prepaid (between others cellular phone cards) through Point-of-Sale terminals and ATM’s. epay offers a wide range of services and products such as: transaction execution on a POS terminal, cards for international VOIP calls as well as prepaid cards and gift vouchers. The company provides its products through a network of over 665,000 sale points spread over the world. Additional information about epay Polska can be found at www.epaypolska.pl.
About ASEC S.A.
ASEC S.A. is a wholly-owned subsidiary of oti, a world leader in the area of cashless payment solutions and NFC transactions. A leading distributor in Poland and a developer of solutions, ASEC offers electronic ticket systems for city transport and parking systems based on contactless smart cards. Its contactless readers are certified for PayPass EMV and Visa PayWave, and are used for Warsaw City Card, Mazovia Railway tickets, Intercity tickets and the Electronic Ticket Card in Lublin, Poland. Learn more about ASEC at www.asec.pl.
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, the content of which does not form a part of this press release. Learn more about oti at www.otiglobal.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on oti’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of oti could differ materially from those described in or implied by the statements in this press release. Forward-looking statements include statements regarding the successful implementation and expansion of the transit ticket vending machines capabilities operated by ASEC for the Mazovia Railway System in Poland or elsewhere, growth of revenues from the enhanced capabilities of the aforesaid ticketing terminals or from other NFC-enabled vending applications, increase of demand of NFC solutions or future expansion of our market share in Poland, increase of future revenues from transaction fees from the Mazovia Railway System, or future revenues generated by the new capability of refilling pre-paid phone cards in Poland or elsewhere, if any. Forward-looking statements could be impacted by the effects of the protracted evaluation and validation periods in the U.S. and other markets for contactless payment cards, market acceptance of new and existing products and our ability to execute production on orders, as well as other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2013, and in subsequent filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. Except as otherwise required by law, oti disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.