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On Track Innovations Ltd.
ASEC, OTI's Subsidiary, and epay Offer New Service for Loading GSM Prepaid Cellular Phone Cards on ASEC's Existing Ticket Vending Machines in Warsaw
ISELIN, N.J., July 14, 2010 (GLOBE NEWSWIRE) -- On Track Innovations Ltd.(OTI) (Nasdaq:OTIV), 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.