OTI Readies Shipment Of 65,000 Cashless Payment Devices For Vending Machines

Posted On: 9/27/2016

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TAGS: On Track Innovations Ltd., near-field communications, NFC payments, cashless payments, vending machines, Shlomi Cohen

ROSH PINA, Israel -- On Track Innovations Ltd., an NFC and cashless payment specialist, said it has received an order for 65,000 units for its cashless transaction readers from a "solutions provider supporting the North American unattended retail market."

OTI said the readers will be used on vending machines, and it will begin delivering them immediately, with final fulfillment no later than the first quarter of 2017.

"This order confirms the trust our customers put in us and the expansion of our business with this key North American customer," said OTI chief executive Shlomi Cohen.