Contactless technology and NFC mobile phone payments will forever change how consumers interact with bank products. Today, millions of contactless credit and debit cards being issued by the major banks in several countries enable consumers to pay quickly and easily by just tapping cards or fobs at hundreds of thousands of contactless readers in stores worldwide. Consumers use easy-to-use contactless cards more often than normal magnetic-stripe cards and are increasingly replacing cash transactions with contactless ones.

Very soon, consumers will be able to use their NFC phones to pay for their latte, movie ticket, or groceries anywhere a contactless reader is installed with just a tap or wave of the mobile device. Consumers will be able to download their credit, debit or prepaid card data securely over the air (OTA) to their phones in just a few easy steps. Banks will also be able to reach their customers more effectively through a secure communications channel with targeted messages that help create stronger relationships and build loyalty with their customers.

ViVOtech has developed a complete over the air provisioning solution that can be used by issuing banks to securely provision credit, debit, prepaid and other accounts to mobile phones for use at hundreds of thousands of ViVOtech contactless (NFC) readers and NFC-enabled media (such as smart posters) around the world. The ViVOtech solution gives issuing banks complete control over the OTA provisioning process and ensures security from behind their firewall to the secure wallet software located inside the mobile phone.

ViVOtech Solution:

ViVOnfc over the air (OTA) Infrastructure Software for NFC Mobile Payments and Marketing. The ViVOnfc solution enables issuing banks to securely provision credit, debit and prepaid card products to their customer’s NFC mobile phones. This solution has been field-tested by a variety of issuing banks around the world. ViVOnfc allows issuing banks to maintain complete control over the OTA provisioning process and security of the data all the way from behind their firewall to the secure wallet software located inside the mobile device.

Consumers can download cards, coupons and other accounts in a few easy and simple steps using the intuitive ViVOwallet application and use them at any NFC-enabled readers worldwide.