Israel-based NFC and contactless technology vendor On Track Innovations will ship 40,000 contactless payment readers to the U.S. by the end of 2013 as part of a $10 million, three-year contract.
An unnamed purchaser, a distributor to the U.S. market has contracted to purchase OTI’s Saturn 6500 series contactless readers over the next three years, the vendor announced today. The readers, which accept contactless payments, will be used at unattended points of sale, such as self-serve Laundromats, vending machines, and pay-at-the-pump stations.
“This represents the largest single reader win for our company,” said CEO Ofer Tziperman in a statement. He said that OTI has doubled its reader shipments in 2013 compared with the previous year. OTI benefited from the demise of U.S.-based reader vendor Vivotech last year.