On Track Innovations Up 3% On First Commercial Trio Payment System Order

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On Track Innovations (OTIV) is getting a boost Tuesday as the cashless payments products company receives its first commercial order from UK-based Vianet (VNET.L) for its Trio modular payment reader that provides multiple payment options at unattended points of purchase.

Trio, launched in June, is a cost-effective payment reader that can be installed modularly allowing many configuration options.

Vianet, a software data monitoring provider for leisure and fuel segments, plans to install the Trio readers in its UK and Netherlands vending machines during Q3 2014.

OTIV is up 3.8% at $2.44 per share which is near the middle of a 52-week price range of $1.25 – $4.38 per share.

VNET.L closed down 2.4% to $81.04 per share on the London Exchange prior to the news.

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