ROSH PINA, ISRAEL — (Marketwired) — 03/16/16 — (NASDAQ: OTIV), a global provider of Near Field Communication (NFC) and cashless payment solutions, and its strategic partner, (TSE: 3623), a leading payment service provider, demonstrated prototypes of their jointly developed NFC-based cashless payments solutions for the Japanese market at the trade show which took place March 8-11 in Tokyo, Japan.Billing System selected oti as its exclusive NFC solution provider in June 2015. The companies
ROSH PINA, ISRAEL — (Marketwired) — 03/15/16 — (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, will hold a conference call on Wednesday, March 23 at 10:30 a.m. Eastern time to discuss results for the fourth quarter and fiscal year ended December 31, 2015. Financial results will be issued in a press release prior to the call.oti CEO Shlomi Cohen and CFO Yishay Curelaru will host the presentation, followed by a question and answer period.Dat
ROSH PINA, ISRAEL — (Marketwired) — 03/14/16 — (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment systems, has completed the major phase of its efficiency program that was initiated in September 2015.Over the last six months, the company implemented several strategic initiatives designed to optimize the company–s internal processes, reduce costs and enhance gross margins. This included outsourcing certain manufacturing processes, reducing personnel in n
ROSH PINA, ISRAEL — (Marketwired) — 03/09/16 — (NASDAQ: OTIV), a global provider of Near Field Communication (NFC) and cashless payment solutions, has received a series of significant follow-on orders for its SATURN line of NFC readers from a North American-based customer serving the self-serve market segment. Initial shipments are expected to commence this quarter."These orders build on our existing relationship with this customer, who will be using our industry-leading readers to driv
ROSH PINA, ISRAEL — (Marketwired) — 03/07/16 — (NASDAQ: OTIV)a global provider of near field communication (NFC) and cashless payment systems, has launched its "" marketing campaign to promote the company–s new PayEnable platform.The PayEnable platform offers manufacturers and designers a simple and affordable way to convert their existing products into NFC-enabled devices and wearables. PayEnabled products support a variety of NFC applications and can be used to making payments
ROSH PINA, ISRAEL — (Marketwired) — 02/29/16 — (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment systems, has appointed as its exclusive distributor of NFC-based payment solutions to the Slovakian and Czech Republic markets.Based in Bratislava, Slovakia and founded in 2004, Vendea is a leading distributor and operator of unattended machines, including vending, beverage dispensers, and supplies throughout Slovakia. Vendea distributes for leading manufa
ROSH PINA, ISRAEL — (Marketwired) — 02/16/16 — (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, today announced that it has formed a strategic partnership with , a leading provider of secure, end-to-end wireless transaction and information solutions, to address an unmet need in the global kiosk market.The companies will offer a joint solution that integrates oti–s industry-leading cashless and mobile payment NFC technology with Apriva–s G
ROSH PINA, ISRAEL — (Marketwired) — 02/08/16 — (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment systems, has appointed as its exclusive distributor to the Italian market.Founded in 1984, Milan-based MDS Electronics is a leading distributor of control terminals, and credit and identification systems for cash and cashless payments. Its solutions are primarily sold to the vending, gaming, ATM, and office automation markets.MDS will incorporate oti–s ne
ROSH PINA, ISRAEL — (Marketwired) — 02/01/16 — (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment systems, has appointed as its exclusive distributor to the Iberian Peninsula, which includes Spain, Portugal and Andorra.Founded in 1999, Barcelona-based Nexus Machines is a leading manufacturer and distributor of diversified vending machines, including food, beverage, electronics, and industrial to the Iberian Peninsula market. Since 2005, Nexus Machines h
