On Track Innovations Ltd. (OTI), has been selected by Heartland Payment Systems, to provide universities, students and merchants with a unique and innovative solution of making – and accepting – contactless payments by cell phone. Heartland has completed the first full deployment at Slippery Rock University in Slippery Rock, PA. Payments by cell phone are enabled by OTI’s contactless Smart Sticker. The sticker is an entirely self-contained, contactless payment device that adheres to multiple surfaces including mobile phones, PDAs and more. Payments are made by placing the smart sticker a few inches away from OTI’s Saturn 6000 contactless reader.
Heartland Payment Systems Selects OTI Contactless Payment Solution to Deploy New Student Payment Card
OTI Provides Contactless Smart Stickers for Cell Phones and Readers
FORT LEE, N.J., Oct. 29 – On Track Innovations Ltd. (OTI) , a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, has been selected by Heartland Payment Systems, , a leading provider of credit/debit/prepaid card processing, payroll and payment services, to provide universities, students and merchants with a unique and innovative solution of making – and accepting – contactless payments by cell phone. Heartland has completed the first full deployment at Slippery Rock University in Slippery Rock, PA.
As part of Heartland’s new micro-payments solution, students, faculty and staff at Slippery Rock University received OTI’s contactless smart sticker designed for use with mobile phones. The smart sticker on the phone enables payment at on-campus locations including campus vending machines, laundry facilities, photocopiers and printers, as well as at participating merchant locations in the surrounding community.
Payments by cell phone are enabled by OTI’s contactless Smart Sticker. The sticker is an entirely self-contained, contactless payment device that adheres to multiple surfaces including mobile phones, PDAs and more. Payments are made by placing the smart sticker a few inches away from OTI’s Saturn 6000 contactless reader. The Saturn 6000 contactless reader is a leading cost-to- performance contactless reader in the market today, certified by the major financial institutions.
Oded Bashan, Chairman and Chief Executive Officer of OTI commented: “The Heartland program offers students, faculty and staff convenience, speed and security. OTI’s Smart Sticker solution combines two global trends: the growing use of mobile phones and the growing popularity of contactless payment technology. Students present a lucrative market that adopts advanced solutions.”
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, payments, 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 Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.
About Heartland Payment Systems
Heartland Payment Systems, Inc., a NYSE company trading under the symbol HPY, delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices.
For more information on Heartland Payment Systems, visit www.heartlandpaymentsystems.com, the content of which is not part of this press release.
For more information on OTI, visit www.otiglobal.com, the content of which is not part of this press release.
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