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Technology Stocks : On Track Innovations Ltd. (OTIV)
OTIV 1.01-4.8%5:20 PM ESTNews

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From: JakeStraw6/16/2015 10:58:58 AM
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Billing System Corporation and oti Partner to Provide NFC Payment Solutions in Japan
finance.yahoo.com

Billing System selected oti as its NFC solution provider and will introduce oti's suite of NFC-based cashless payment readers and devices to Japan's retailers, vending machine operators and taxi companies.

"This new alliance with oti is an important strategic step for us, given oti's already strong global presence, including its 50% market share of the U.S. connected vending machine market," said Toshihiko Eda, CEO of Billing System. "Our partnership positions Billing System to capitalize on the rapidly expanding contactless payment market in Japan."
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