The Trio Reader Handles Multiple Payment Methods in Single Solution
for Self-Service Markets
The oti Trio Three-in-One reader can be purchased and installed using a modular approach, allowing vending machine operators a variety of configuration options. It is available in multiple colors. (Photo: Business Wire)
oti’s Trio, an innovative modular reader for the cashless payment industry, provides multiple payment options in unattended market segments, such as vending machines, self-service laundromats and car washes. The reader works with magnetic stripe cards, contactless payment solutions and secure credit/debit/prepaid cards with built-in EMV smart chip compatibility. The multiple payment solution evolved from oti’s field-proven Saturn 6500, a panel mount reader designed for indoor and outdoor installations.
“Trio gives our clients the flexibility to use any card interface their customers might need to perform payment – including legacy magnetic stripe technology – while also preparing them for emerging payment solutions such as contactless cards, NFC-enabled devices and smart phones and smart EMV cards,” said Ofer Tziperman, oti’s CEO. “Trio offers the breadth and credibility the rapidly expanding cashless payments solutions for the self-service market needs.”
The oti Trio is an innovative, cost effective reader that can be purchased and installed using a modular approach, allowing self-service operators a variety of configuration options:
For those not purchasing the full solution, adding additional modules is a quick and simple, vandal- and tamper-proof, plug-in hardware retrofit.
Trio Reader Opens New Markets for Company
oti currently works with the largest self-service solutions providers in
Each target market for the Trio currently has millions of legacy coin-operated machines that eventually will be upgraded to solutions that allow for cashless payment solutions.
“Our existing and new customers have responded very positively to Trio, both for its flexible payment options, and because it is ‘future proof,’’ Tziperman said. “The ability to purchase the solution in whatever configuration makes most sense for our customers today – based on both needs and budgets – really resonates with companies in self-service industries. It’s important to them that they can easily add on additional modules such as the EMV reader in just minutes per machine, when the time is right.”
Certified Supported Applications for oti’s Trio include:
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on oti’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of oti could differ materially from those described in or implied by the statements in this press release. Forward-looking statements include statements regarding growing demand for our Trio reader in the cashless vending machine market in the near or long term, or achieving an increase in future revenues from our Trio reader or related products in the future. Forward-looking statements could be impacted by the effects of the protracted evaluation and validation periods in the U.S. and other markets for contactless payment cards, market acceptance of our Trio reader or new and existing products and our ability to execute production on orders, as well as other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in our Annual Report on Form 10-K for the year ended