Santa clara, Calif., Fe. 16, 2009 -- Silicon Valley-based ViVOtech, the leading infrastructure provider for Contactless and Near Field Communication (NFC) mobile payments and promotions, announced today that it has been awarded a key NFC related software patent by the United States Patent and Trademark Office. Patent number 7,469,151 was awarded on December 23rd 2008. It covers a broad range of methods, systems and products for over the air (OTA) provisioning of credit, debit, prepaid, loyalty and other payment or non-payment cards into mobile phone devices through wireless networks or the internet.
“This patent is an important milestone for the company and its partners and customers. It demonstrates ViVOtech's focus on driving innovation to deliver the next generation of consumer payments" said ViVOtech's CEO Michael Mullagh. “ViVOtech has a strong patent portfolio patents - and additional patents covering several different aspects of mobile payments, promotions and marketing are pending."
This most recent patent covers several key features of ViVOtech’s over the air provisioning infrastructure software including:
“ViVOtech since its inception has focused on market driven innovation,” said Mohammad Khan, President and Founder. “This tradition is continued with the unique features covered by this patent which we believe will provide major benefits to consumers, banks, payment service providers, retailers, retail marketers, wireless carriers, and our partners.”
ViVOtech will be showcasing its mobile phone payment and promotion solutions at the Mobile World Congress (former 3GSM), February 16-19 in Barcelona, Spain Booth# 2Z8 Hall 2 - inside Enterprise Zone.
About ViVOtech
ViVOtech (www.vivotech.com ) is the market leader in Near Field Communication (NFC) mobile payments, promotions and over the air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters, and contactless terminals. These innovative solutions allow millions of consumers to make contactless payments with radio frequency-enabled credit/debit cards, fobs and NFC mobile phones. ViVOtech's products are used by the most prominent retailers all over the globe and today the company has shipped over 470,000 contactless terminals to more than 35 countries worldwide. In 2009 ViVOtech received the prestigious Frost and Sullivan North American Smart cards Product Line Strategy of the Year Award. In 2007 & 2008, ViVOtech has been named #1 in ABI Research’s Contactless & NFC Reader Ranking Report. ViVOtech’s investors include Alloy Ventures, Citi, Draper Fischer Jurvetson, DFJ Gotham, First Data, Miven Ventures, Motorola Ventures, NCR, and Nokia Growth Partners.
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Source: Company press release.
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