On Track Innovations announced receipt of a blanket order for 30,000 of its Near Field Communication, or NFC, and contactless payment readers for use in North America from a global leader of integrated technology solutions in the retail petroleum industry. OTI plans to deliver the entire order to its customer this year and expects additional revenues for providing support services to the customer. OTI expects to receive follow-on reader orders from this customer later this year. OTI worked closely with the customer to create a custom-built antenna and support the various contactless payment schemes on the reader itself, ultimately providing the customer with an OEM kit to fit the customer's wide range of products. OTI was chosen over its competitors for its proven ability to solve the customer's specific needs based on its know-how and extensive intellectual property. In addition to the major card associations' contactless programs, OTI embedded the ISIS NFC SmartTap Reader Application on the custom-built OEM kit.
- contactless payment