29 December, 2005
category: Contactless, Financial, Transit
On Track Innovations will be supplying smart card readers and software to be integrated into 3,000 ticket vending machines, POS devices and fare gates as part of Germany-based Scheidt & Bachman’s transit ticketing solution for the Massachusetts Bay Transportation Authority.
OTI Receives Initial Order for More Than $500,000
Fort Lee, NJ & Moenchengladbach, Germany – On Track Innovations Ltd, a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, recently announced it will provide smart card technology to Scheidt & Bachmann, one of the world’s leading providers of management systems for mass transit, car parking, petrol stations and railway security, for its Massachusetts Bay Transportation Authority (MBTA) project. OTI’s components will be used for the MBTA’s new mass transit ticketing solution scheduled to go online in 2006. The MBTA is America’s first subway system and one of the largest in the nation with over 1.1 million riders each day.
OTI will supply readers and support software to be integrated into Scheidt & Bachmann’s front end systems consisting of 3,000 fare boxes, ticket vending machines, point-of-sales devices and fare gates. This order follows a successful pilot. Under the new agreement, the system will be installed in all Boston subway stations, Commuter Rail lines and dedicated Retail Sales offices with installations commencing in 2006.
The solution allows the transit card to be used for loyalty programs and tiered fare structures while providing a high level of security and transaction speed. OTI’s readers are also easy to upgrade as new services become available in the future. OTI and Scheidt & Bachmann formed a partnership to provide leading-edge contactless payment solutions to mass transit systems in September 2003. Since, the two companies have successfully launched several projects in large metropolitan areas.
Oded Bashan, President and CEO, OTI, commented, “OTI and Scheidt & Bachmann have successfully implemented several transit projects in North America and we continue to make in-roads in the micro-payment arena as our solutions and technology are second to none. Our agreement with Scheidt & Bachmann for supplying the Massachusetts Bay Transportation Authority is further proof of the growing acceptance of our technology. We are confident that our leadership in contactless smart card technology coupled with Scheidt & Bachmann’s expertise in ticketing management systems will provide the MBTA with a complete turnkey solution. “
About OTI
Established in 1990, OTI 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 Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more information on OTI, visit www.otiglobal.com.
About Scheidt & Bachmann
Scheidt & Bachmann is a family-run company since its foundation in 1872. Today the company is still managed by the founding family in the fifth generation. More than 1500 employees work around the world. While the headquarters is in Mönchengladbach, Germany, subsidiaries and offices are established throughout Europe, the Americas, Asia and Africa. In the US, the headquarter and the major manufacturing facility is located in Burlington, Massachusetts. Innovative system solutions for products and production are the foundation for Scheidt & Bachmann’s success. The four divisions, acting more or less independently develop, produce and market systems for car park and leisure centre installations, protection of railway crossings, fare collection technology and petrol stations. Scheidt & Bachmann’s philosophy to provide State-of-the-Art technology and system solutions, and the systematic way to initiate innovative processes, is one of the reasons why Scheidt & Bachmann is counted as market leader with all its product divisions – in Europe and worldwide. For more information visit: www.Scheidt-Bachmann.de.
