ViVOtech Garners Best Vendor Partner Award from MasterCard

Wireless News
September 25, 2006

ViVOtech, a supplier of contactless payment solutions, has been honored with a MasterCard "Best Vendor Partner Award" for developing and supplying contactless readers that have been deployed at tens of thousands of locations in Asia/Pacific, the Middle East and Africa in support of the MasterCard OneSmart PayPass program.

The announcement was made at the MasterCard APMEA Product Forum in Hong Kong in August.

The award, the company noted, reflects ViVOtech's status as the first vendor to deliver stand-alone contactless readers for MasterCard PayPass, allowing merchants to take advantage of MasterCard's "tap and go" payment program without the need to invest in a new contactless-enabled POS terminal infrastructure. The honor also recognizes the ability of the company's ViVOpay 5000 Global readers to be easily implemented on merchants' existing POS systems as well as the scale of the deployment -- now exceeding 15,000 readers.

Rollouts have ranged from Taiwan to Malaysia, Australia, China, Japan, Thailand, the Philippines, Lebanon and South Africa, including both EMV and non-EMV payment environments. ViVOtech was also the first vendor to receive global certification under the MasterCard PayPass program.

"MasterCard PayPass is changing the way consumers pay worldwide, and market penetration is increasing rapidly with nearly 10 million PayPass cards and key fob devices issued by MasterCard member banks to date," said Michael Mullagh, CEO of ViVOtech. "By providing an easy add-on peripheral that eliminates the need for merchants to purchase new contactless-enabled terminals, our ViVOpay readers are helping bring PayPass to merchants and consumers around the world quickly, easily and cost-effectively."

MasterCard PayPass is a new "contactless" payment program. Using MasterCard PayPass, consumers simply "tap" their payment cards, or alternative PayPass form factors, on specially equipped merchant terminals, eliminating the need to swipe a card through a reader or fumble for cash and coins.