ViVOpay
ViVOtech

Here's a way for your merchants to jump on the proximity-payment bandwagon. ViVOtech has designed a contactless, or proximity, payment hardware device called ViVOpay that upgrades existing magnetic stripe point-of-sale (POS) terminals so they can accept contactless payments from credit and debit cards, cell phones or PDAs.

Contactless payments make transactions faster and easier. There's no swiping. Consumers simply wave their contactless cards (such as MasterCard's PayPass card) or point and click their cell phones or PDAs, and account information gets transmitted securely using radio frequencies or infrared technologies. ViVOtech's solution allows upgraded terminals to accept both contactless cards and traditional magnetic stripe cards.

ViVOtech says ViVOpay does not require altering of an existing terminal's internal hardware, software, transaction networks or back-office systems, and merchants can easily install the terminal. The company also says the cost to upgrade to its contactless payment solution is less expensive than the cost of a new POS terminal.

ViVOpay works with many terminals and devices, such as the VeriFone Tranz 330/380, the VeriFone Omni 3200, the Hypercom T7P, the Hypercom ICE 5500 and the Dresser Wayne Plus.

In 2002, ViVOtech partnered with MasterCard International in Orlando to pilot MasterCard's PayPass contactless payment program using ViVOtech's ViVOpay terminals ("Tap it or Wave it, Payments Add Up," The Green Sheet, January 13, 2003, issue 03:01:01).

ViVOtech

451 El Camino Real, 2nd Floor

Santa Clara, CA 95050

408-248-7001

www.vivotech.com