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Smartrac releases dual-frequency Prelam for contactless cards, establishes global distribution agreement with Future Electronics ••• Suprema launches RFID-enabled access-control device ••• Technavio report predicts U.S. RTLS market will grow by 45 percent through 2020 ••• NFC market expected to reach $47 billion by 2024 ••• OTI, Vend Access, Card Access Services to provide cashless-payment solutions in Australia.
OTI, Vend Access, Card Access Services to Provide Cashless-Payment Solutions in Australia
On Track Innovations (OTI), a global provider of Near Field Communication (NFC) and cashless-payment solutions, has announced its entry into the Australian cashless-payments market, in cooperation with Vend Access Pty Ltd. (VA), a provider of technology and solutions for vending and unattended machine operators in Australia, and Card Access Services Pty Ltd., a payment gateway and processor for Australian and international businesses.
Vend Access will distribute OTI's otiMetry solution, which includes Near Field Communication (NFC)-based cashless readers and a telemetry system. Card Access Services will provide the gateway and processing services for otiMetry systems installed and operated by VA. According to the companies, the otiMetry solution makes vending and self-service operation smart and interactive, by incorporating telemetry, sales, operations and marketing into a single solution with real-time management capabilities. "Vend Access's practical experience, matched with Card Access Services' e-payment management from OTI's terminals and otiMetry, will improve earnings for vending owners," said Bill Chronarakis, Vend Access's general manager, in a prepared statement.
"The close cooperation with Vend Access and with Card Access Services, which has over 28 years of experience in the payment industry and their outstanding support and customer oriented approach, ensure that Australian self-service machine operators will be getting a reliable and comprehensive solution at an affordable price," said Shlomi Cohen, OTI's CEO, in the prepared statement.
Stelios Savva, Card Access Services' General Manager, added in the statement, "Card Access Services is proud to connect Vend Access' clients with OTI's quality products and communications facilities for vending applications in Australia. Vend Access' industry background, its experience in providing diversified payment solutions combined with OTI's reputable cashless readers and telemetry provides an integrated and end-to-end solution to the Australian self-serve market, including vending machines, laundromats, kiosks, car wash, dog wash, gaming and other verticals."
Vend Access is expected to initiate commercial installations of the integrated solution during the fourth quarter of this year.
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