OTI reader part of SST’s PowerPay solution for stadiums
23 August, 2004
category: Contactless, Financial
The Saturn 5000 Reader developed by On Track Innovations is part of the Smart System Technologies’ PowerPay contactless solution (see related story) that is showing up in U.S. sports stadiums and which allows consumers to pay concessionaries with RFID-enabled tags.
OTI and SST Signs VAR Agreement to Deploy OTI’S Contactless Payment Readers in Sports Venues and Retailers as Part of SST’S PowerPay Solution
CUPERTINO, Calif., Aug. 19 /PRNewswire-FirstCall/ – On Track Innovations Ltd, (OTI) (Nasdaq: OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based smart card solutions for homeland security, micropayments and petroleum payments, announced today that it has signed a VAR agreement with Smart System Technologies, Inc. (SST), to deploy OTI’s Saturn 5000 readers at sports venues and retailers in the United States as part of SST’s PowerPay solution.
SST’s “PowerPay” solution is a contactless payment and coalition marketing system targeted at merchants and sports teams and is installed at the Detroit Lions-Ford Field, Philadelphia Eagles-Lincoln Financial Field and Seattle Seahawks-Qwest Field.
PowerPay allows consumers to enjoy an easy, secure, cashless and contactless transaction that’s completed in as little as three seconds. PowerPay may be linked free-of-charge by consumers to any of their existing credit cards or checking accounts. Consumers wave a PowerPay tag in front of a PowerPay-enabled OTI Saturn 5000 reader, which uses radio frequency identification (RFID) technology to “read” the tag. Merchants and sports teams can then deliver automatic rewards to consumers at the moment of the transaction.
Ohad Bashan, President of OTI America said, “Together with Smart System Technologies, OTI expects to expand its contactless payment solutions to gain additional ground in the United States. The speed and convenience of the contactless card program is a natural for sports fans who don’t want to miss the action while standing in concession lines.”
“PowerPay rewards customer loyalty, increases consumer satisfaction, strengthens brand equity and enables strong promotional platforms on local and national levels,” Mark Johnson, CEO of Smart System Technologies, said. “We are pleased to partner with OTI in bringing the PowerPay solution to the market.”
About OTI
Established in 1990, OTI (Nasdaq: OTIV, Prime Standard: OT5) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, micropayments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the prestigious ESCAT Award for smart card innovation in both 1998 and 2000. Major clients include: MasterCard International, Atmel, BP, Scheidt & Bachmann, EDS, Repsol and the Government of Israel. For more information on OTI, visit http://www.otiglobal.com .
