On Track Innovations, Ltd. (OTI) (NASDAQ: OTIV)
(Prime Standard [Frankfurt]: OT5), a global leader in contactless
microprocessor-based smart card solutions, for homeland security, payments,
petroleum payments and other applications, today announced that its Saturn
5000 contactless reader has received certification from Visa USA to support
its contactless payment program. The Saturn 5000 has already received
certification by major US financial institutions.

Visa, along with MasterCard and American Express, has already announced
that they are in different stages of implementation for contactless payment
programs. Recently, 7-Eleven, CVS and others have announced plans to deploy
contactless readers in test markets nationwide.

The Saturn 5000 is designed to allow quick upgrades of existing POS
terminals to accept contactless payments, with the reader facing the
customer for easier payment experience. The Saturn 5000 can support
multiple payment applications and is currently compatible with the major
POS terminal providers and acquirers. Supporting the major contactless
payment programs, the software integrated in the Saturn 5000 can read a
variety of sources including credit cards and key fobs. OTI also offers OEM
solutions that can be integrated into payment terminals.

"The Visa contactless payment program certification for the Saturn 5000 and
recent advancements in contactless payments in the US demonstrate the great
growth potential in this market," said Oded Bashan, President and CEO of
OTI. "The Saturn 5000 multi-approval status combined with its small counter
space 'footprint' makes it an attractive solution to merchants accepting
contactless payments."

About OTI

Established in 1990, OTI (NASDAQ: OTIV) (Prime Standard: OT5) designs,
develops and markets secure contactless microprocessor-based smart card
technology to address the needs of a wide variety of markets. Applications
developed by OTI include product solutions for petroleum payment systems,
homeland security solutions, electronic passports and IDs, payments, mass
transit ticketing, parking, loyalty programs and secure campuses. OTI has a
global network of regional offices to market and support its products. The
company was awarded the prestigious ESCAT Award for smart card innovation
in both 1998 and 2000.

This press release contains forward-looking statements. Such statements are
subject to certain risks and uncertainties, such as market acceptance of
new products and our ability to execute production on orders, which could
cause actual results to differ materially from those in the statements
included in this press release. Although OTI believes that the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be
achieved. OTI disclaims any intention or obligation to update or revise any
forward-looking statements, which speak only as of the date hereof, whether
as a result of new information, future events or otherwise. results could
differ materially from expected results. OTI undertakes no obligation to
update forward-looking statements to reflect subsequently occurring events
or circumstances.

This press release and other releases are available on
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OTI Contact:
Galit Mendelson
Director of Corporate Communications
201 944 5200 ext. 111
Email Contact
Media Relations:
Adam Handelsman
5W Public Relations
212 999 5585
Email Contact
IR Contact:
Paul Holm
PMH Group
212 496 7238
Email Contact
SOURCE: ; ;On Track Innovations, Ltd.

Source: Marketwire