After Hypercom, now Ingenico is integrating On Track Innovations`s (Nasdaq: OTIV) contactless technology with the eN-Touch 1000, as well as the i6770 and i6550 customer- activated payment terminals. Taking into account the US installed base of 12 million contact-based payment terminals and assuming that approximately 50% of all terminals will be upgraded on the system level, the entire system-level upgrade market could be worth anywhere between $60-$120 million. We reiterate our Strong Buy Rating and...
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