Global payment technology provider Hypercom Corp. has placed its first commercial order for On Track Innovations’ contactless readers that will be integrated into Hypercom’s high-speed payment terminals designed to speed up check-out lines.

Retailers to Benefit from OTI and Hypercom Technologies That Enable New, More Convenient, Contactless, Faster Payment Programs

Fort Lee, NJ – On Track Innovations Ltd., a global leader in contactless microprocessor-based smart card solutions for homeland security, micropayments, petroleum payments and other applications, has announced that global payment technology leader Hypercom Corporation has ordered its first commercial quantities of OTI’s contactless reader solutions.

OTI’s contactless readers will be integrated into Hypercom’s high-speed, profit-building Optimum T4100 multi-application and Optimum L4100 signature capture card payment terminals specifically designed to speed the check-out lines at retailers worldwide to enable Hypercom’s fast, easy-use and intelligently integrated card payment terminals and transaction networking solutions to give retailers, Independent Sales Organizations (ISOs) and financial institutions the ability to generate new revenues and profits. .

Hypercom has already integrated into its solution set OTI’s contactless Saturn 5000 reader, which offers a plug-and-play retro-fit option to merchants already using Hypercom technology at the point-of-transaction. OTI’s patented “matched-antenna” contactless technology coupled with Hypercom’s industry-leading card payment terminals enable fast, easy and seamless, reliable and secure communication. The combined solution also allows issuers to provide consumers with highly secure contactless cards and key fobs with smart stickers and custom designs, such as new specially equipped watches that feature transaction capabilities.

“We are pleased to provide Hypercom with our contactless reader solutions which are compliant with MasterCard PayPassTM and American Express ExpressPayTM and other payment programs and to support the growing demand for contactless payment solutions,”said Oded Bashan, president and CEO, OTI.

“Demand for our Optimum contactless payment terminals is escalating significantly,” said Eric Duprat, senior vice president, Global Marketing and Product Development, Hypercom Corporation. “The intelligent integration of OTI and Optimum is a win-win for retailers who want to speed the check-out line and boost the profit-line.”