news2018 EN

On Track Innovations Receives Purchase Order for 5,000 Advanced Contactless Readers to the Widespread Russian Retail Self-Service Market

OTI Applies for Mir Certification, a Payment System Established by The Central Bank of Russia

Russian Payment Market Expected to be a Top Three Strategic Geography for OTI

ROSH PINNA, Israel, July 23, 2018 /PRNewswire/ — On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has received a purchase order for 5,000 advanced contactless readers to the massive Russian retail self-service market, which will be delivered by the third quarter of 2018. Due to confidentiality, the terms of the contract cannot be disclosed.

OTI has identified Russia as a top three strategic market, and as part of the company’s efforts to expand in the region they have applied for the Russian Mir certification, a Payment System Established by The Central Bank of Russia. Although this certification is not a pre-requisite for sales into Russia, OTI expects greater penetration of the Russian market once approved.

The Russian national payment system created the Mir payment card in 2014 with the primary objective of sovereign payments to be independent of foreign organizations. In 2016, 1.76 million Mir cards were issued by 64 banks. According to the Bank of Russia, in September 2017, 30 million Mir cards are planned for release. Unlike international payment card transactions, Mir transactions cannot be suspended, and no external financial or governmental factors control their processing.

“We have continuously invested in our growing list of esteemed certifications and expect the Russian Mir certification to follow in short order. These efforts have allowed OTI to rapidly expand on a global basis, while creating secure and cost-efficient cashless solutions that support today’s modern payment requirements,” said Shlomi Cohen, CEO of On Track Innovations. “As part of our efforts to expand internationally, we have set a keen focus on the Russian payments market, which is expected to be a top three geography for OTI moving forward. Over the past 18-months, we have worked tirelessly to grow our presence in the region where we have experienced tremendous interest, most recently, with our purchase order to deliver 5,000 advanced contactless readers by the third quarter of 2018.”

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On Track Innovations is once again honored with two prestigious awards

June. 26th, 2018

In the important sectors of finance and technology,

On Track Innovations is once again honored with two prestigious awards from the respected, London based Global Brands Publications.OTI PetroSmart, chosen as the “ Most Innovative Technology Company” in Africa 2018, and OTI Europa, chosen as the “Most Innovative Cashless Payment Solutions Provider” in Europe 2018, respectively. The Global Brand Publications Awards established with the purpose of recognizing and rewarding companies who demonstrate excellent performance across various sectors. Over 7,000 companies were evaluated by Global Brands Publications’ external research agency, which scrutinizes all award nominees before review by an esteemed internal panel.

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OTI Europa ASEC has Delivered 1000 OTIMetry Cashless Payment Solution Kits to Polish Vending Giant AUTOMAT-SPEC

February. 5th, 2018

AUTOMAT-SPEC is one of Poland’s largest nationwide vending operators
OTI joins forces with local company Polskie ePłatności to provide a complete cashless solution
OTI’s TRIO reader integrated with the unique Telebox vending machine solution

 OTI Europa announces today together with Polskie ePłatności, the successful delivery of 1000 TRIO and Telebox solutions kits to AUTOMAT-SPEC, one of the largest vending operators in Poland. The self-service payment solutions will be integrated into Automat-Spec’s vending machines. AUTOMAT-SPEC with over eighteen successful years’ experience, is a unique, innovative operator in the Polish market. OTI Europa combines forces with Polskie ePłatności – one of the leading suppliers of payment solutions in Poland.

“We are very pleased with the developing cooperation between Automat-Spec, Polskie ePłatnośći and OTI Europa,” said Agnieszka Światły, CEO & GM, OTI Europa ASEC. “a joint strategic strengthening of business activities on the “Vending” and “Contactless” markets prove we are at the forefront, not only in Poland but also with prospects of development in neighboring countries. I am sure that our partnership with AUTOMAT-SPEC will continually develop in the European vending market, and with both our combined innovative technologies, I see an optimistic future with our significant partners.”

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OTI Europa ASEC Signs Contract With Public Transport Authority (ZTM) in Warsaw

March 28, 2018

OTI Europa to Design and Implement “Kasa +” Support Service System at Passenger Service Points

On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, today announced that the Company’s European branch, OTI Europa ASEC (ASEC S.A.), has signed a contract with the Public Transport Authority (PTA) in Warsaw(Zarząd Transportu Miejskiego) for the design, execution, and implementation of the “Kasa +” system to support Passenger Service Points in and around Warsaw.

The contract is the result of a public tender won by OTI Europa ASEC (ASEC S.A.) and is expected to be completed over the next 13 months, with a value of approximately $300,000 USD to OTI.

“OTI Europa ASEC is responsible for providing the IT system, analysis of requirements and solution preparation, as well as for system launch and 3 years warranty protection,” said Agnieszka Swiatly, Managing Director, OTI Europa ASEC. “With wide knowledge related to the PTA’s sales system and know-how associated with the market and technology, we were able to prepare a winning offer.”

Public transport in Warsaw urban complex is managed and supervised by the Public Transport Authority (Zarząd Transportu Miejskiego) in Warsaw, the member of the European Metropolitan Transport Authorities (EMTA) and the International Association of Public Transport (UITP). It provides transport to two million citizens of the Warsaw metropolitan area as well as connects Warsaw to its neighboring communes.

OTI Europa ASEC (ASEC S.A.) is one of the largest operators of e-ticketing and paper ticket sales systems in the public transport on polish market. It creates, delivers, implements and supports IT systems for public transport, OTI Europa ASEC provides and integrates certified solutions for contactless payments, allowing for quick cashless payment transactions with bank cards and NFC.

OTI Europa ASEC is a part of OTI – On Track Innovations group. For more information, visit www.otieuropa.com

 

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OTI Europa ASEC Signs New Contract With Polish National Post Office (Poczta Polska S.A.)

April 4, 2018

Agreement Entails Management of 272 “Smart City” Card Terminals Across 218 Post Offices Around Warsaw

On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, today announced that its wholly-owned subsidiary, OTI Europa ASEC (ASEC S.A.), has signed a new contract with the Polish National Post Office (Poczta Polska S.A.) to manage Warsaw’s public transportation “Smart City” card program.

This postal point of sale (POS) kiosks will allow consumers to purchase or refill “Smart City” cards for public transportation in the Warsaw metropolis area via train, bus, or another mode of public transportation.

OTI will be providing both the payment portion, as well as software, in 272 “Smart City” card terminals throughout 218 post offices in Warsaw, whereby OTI will control the entire sales and payment process. This is a recurring revenue contract, but due to confidentiality, the terms of the contract cannot be disclosed. OTI Europa ASEC’s network now includes 800 POS points throughout Poland.

“Our ticketing sales network in Poland continues to gain traction, which we believe is a strong testament to the value we bring our customers and the citizens of Poland,” said Agnieszka Swiatly, Managing Director of OTI Europa ASEC. “Using our total solution, users of ‘Smart City’ cards throughout Warsaw will be able to conveniently purchase and refill their cards, even while visiting the post office.”

Poczta Polska S.A. is a company with a 460-year tradition, acting as the biggest postal operator on its local market (Poland) – the network includes 7,500 postal offices, subsidiaries, and agencies, all serving private and corporate customers.

OTI Europa ASEC (ASEC S.A.) is one of the largest operators of e-ticketing and paper ticket sales systems in the public transport on polish market. The company creates, delivers, implements and supports IT systems for public transport, OTI Europa ASEC provides and integrates certified solutions for contactless payments, allowing for quick cashless payment transactions with bank cards and NFC.
The company is a part of OTI – On Track Innovations. For more information, visit www.otieuropa.com.

 

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OTI Europa Secures New Ticketing Contract in Poland

May 29, 2018

OTI Europa ASEC (ASEC S.A.), has signed a new agreement to provide intermediation in the sale of train tickets for trains operated by Mazowieckie Railways in Poland.

As part of the contract, OTI Europa ASEC will provide service to the Masovian Card and share information via the info-kiosk using 84 ticket vending machines. The contract has a one-year value of approximately $500,000 USD to OTI.

“Our ticketing sales network in Poland continues to gain traction in a meaningful way, which we view as a testament to the value we offer to our customers,” said Agnieszka Swiatly, Managing Director, OTI Europa ASEC. “We look forward to a long and successful relationship with Mazowieckie Railways as we work to expand our footprint and gain additional market share in the year ahead.”

About Mazowieckie Railways

Since 2005, the Mazowieckie Railways has provided a public service in the field of regional rail passenger services on behalf of the Mazowieckie voivodeship local government. Mazowieckie has provided high-quality passenger rail transport in the Warsawagglomeration and the rest of the Mazowieckie Voivodeship, as part of an integrated public transport system.

OTI Europa ASEC (ASEC S.A.) is one of the largest operators of e-ticketing and paper ticket sales systems in the public transport on polish market. It creates, delivers, implements and supports IT systems for public transport, OTI Europa ASEC provides and integrates certified solutions for contactless payments, allowing for quick cashless payment transactions with bank cards and NFC.

 

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OTI Europa Signs Long-term Service Contract With Mazowieckie Railways

June 6, 2018, OTI Europa today announced a new long-term service contract with the Mazowieckie Railways Company.

As part of the four-year contract, which as an estimated value of $155,000, OTI Europa will provide and maintain Mazowieckie Railways’ Masovian Smart Cart IT system in support of electronic ticket sales. Mazowieckie Railways is part of an integrated public transit system that provides regional passenger rail service on behalf of the Mazowieckie voivodeship local government, Poland’slargest and most populous province.

 

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OTI Europa ASEC (ASEC SA) and Bravilor Bonamat attend the Fuel Fair 2018

OTI Europa ASEC (ASEC SA) and Bravilor Bonamat at the Fuel Fair 2018

May 9-11, 2018, Warsaw, held the International Trade Fair PETROL STATION. The event organized by the Polish Chamber of Liquid Fuels is a platform for the presentation of dynamic development, new products and solutions for the whole branch.

The Bravilor Bonamat company, a producer of a wide range of devices for preparing beverages, presented one of the first table top coffees in the history of the fair with the possibility of paying with a contactless card and BarCodes scanners

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The pioneering devices Esprecious 21 L, offering a non-cash transaction, uses a payment terminal from OTI Europa ASEC (ASEC SA) OTI TRIO (Saturn 6500).

Well known in the world of vending, the OTI TRIO (Saturn 6500) self-service payment green terminal, is a complete solution, specifically designed for installation in vending machines to allow cashless payment with magnetic payment cards, as well as mobile (Apple Pay, Android Pay, Samsung Pay), EMV chip and contactless payment cards (NFC).

“Installing the payment terminal in our devices is a milestone in the world of desktop coffee makers. The transaction time is shortened, as there is no need to stand in a queue for the cash register, which may have a direct extension to increasing sales in, for example, petrol station chains”, comments Tomasz Kubiak Commercial Manager at Bravilor Polska.

The technical integrator of the project is ES Cointech, and the payment agent (acquirer) Polish ePayments.

The presented coffee machine was also equipped with a barcode reader by BarCodes.

OTI Europa ASEC (ASEC SA) expects that the area of tabletop devices in the field of self-service machines will develop very dynamically in the coming years.

 

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OTI Europa ASEC (ASEC SA) has changed their office address

01/06/2018

The new address is:

ASEC SA
Wadowicka 6
30-415 Kraków

 

The new contact details also applies to invoices, which should be issued on the address above.

We would also like to remind that last year ASEC SA went through the rebranding processes from ASEC to OTI Europa ASEC – without changing the name in the National Court Register.

We kindly ask you to send all correspondence on the following address:

OTI Europa ASEC
ASEC SA
Buma Square
Wadowicka 6
30-415 Kraków

 

Other data: tax number (NIP) / National Business Registry Number (REGON) / telephone numbers have not changed.

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