New Reader is First to Support Both the PayPass M/Chip and the Required ISO 14443 PayPass Implementation Version 1.1 Fort Lee, NJ, February 20, 2007–On Track Innovations Ltd, (OTI) (NASDAQ: OTIV), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, today announced that its new contactless…