Israeli On Track Innovations has inked a strategic partnership with Swiss-based Microtronic, a European provider of closed loop cashless payment systems for vending and office coffee service (OCS).
The companies will introduce a solution that integrates Microtronic’s e-vending and closed loop payment solution into oti’s CONNECT 3000 telemetry device and proven line of TRIO and UNO NFC cashless readers.
The new and unique system will offer vending operators a unified solution that accepts traditional credit and debit cards (open loop), as well as prepaid NFC payment cards and wearables (closed loop).
Microtronic will also incorporate its award-winning e-vending mobile payment and marketing solution into oti’s CONNECT 3000. This will allow vending consumers to download the e-vending mobile app and scan QR codes on vending machines to purchase products.
The app will notify consumers of special promotions, loyalty rewards or any type of marketing information.
oti’s CONNECT 3000 device will enable vending operators to view and manage their inventory in real-time, as well as support the entire vending business lifecycle management process.
The unified solution will include a robust Terminal Management System (TMS), allowing vending operators to remotely manage their network in real-time and remotely update payments to the latest Europay, MasterCard and Visa (EMV) requirements.
In addition to serving as the primary controller unit, the TMS will also connect the solution to oti’s Payment Service Provider (PSP), while transferring deposited funds directly into the vending operator’s bank account.
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