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ASEC and epay offer service for loading GSM prepaid phone cards on existing ticket vending machines in Warsaw
On Track Innovations Ltd, a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that that its subsidiary, ASEC S.A. ("ASEC") in Poland, introduced in cooperation with epay Polska, a new service of loading GSM prepaid cellular phone cards on ASEC's Ticket Vending Machines (TVMs) which are part of ASEC's electronic tickets sales network in Warsaw. ASEC will receive a transaction fee from the loading value of the cellular phone cards.
As part of the new service, passengers are now able to load their GSM cellular phone cards at one of ASEC's TVMs. ASEC's TVMs support multiple forms of payment including cash and coins, magnetic stripe cards, contact or contactless payment cards. The TVMs are conveniently located in high traffic locations such as: Warsaw metro stations, railway stations and major bus and tramway stops.
Oded Bashan, Chairman and CEO of OTI, said: "the addition of a new service throughout the life of the project is part of our strategy to leverage the already-installed infrastructure for new products that generate additional revenues which contribute to the profitability of the project."
epay, a Division of Euronet Worldwide, Inc., is a global processor and distributor of electronic payment solutions - enabling service providers to maximize the sales of their products and services. epay is one of the largest distributors of cellular prepaid loadings in Poland.
ASEC serves as an e-ticketing operator for Warsaw City Card system and provides a sales network system, infrastructure, distribution service and maintenance for loading of transportation electronic cards around the city.
About OTI
Established in 1990, OTI (NASDAQ- GM: OTIV) 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.
For more information on OTI, visit www.otiglobal.com
About epay
epay, a Division of Euronet Worldwide, Inc, a global processor and distributor of electronic payment solutions - enabling service providers to maximise the sales of their products and services.
epay utilises its worldwide network - approximately 240,000 retailer locations, around 510,000 points of sale (POS) across a number of markets including Australia, Austria, France, Germany, India, Ireland, Italy, New Zealand, Poland, Romania, Spain, Switzerland, UK and USA - to deliver innovative and tailored electronic payment and cash collection solutions including POS systems integration with a full settlement and reporting service.
The epay portfolio includes prepaid mobile top-up, prepaid debit cards, e-wallets, bill payment, gift cards, digital content, money transfer through its sister company RIA,
lottery and transport payment solutions including road tolls and public transport.
A full marketing and distribution service is available to support these products and services.