ViVOtech Improves Consumer Payment Experience With Launch of ViVOpay 5000m Contactless, Mobile NFC & Mag-Stripe All-In-One System

New ViVOpay 5000m’s flexible architecture enables advanced contactless and NFC mobile payments and supports legacy magnetic-stripe payments

SANTA CLARA, Calif., January 14th, 2007 — ViVOtech, the leader in Near Field Communication (NFC) mobile phone and contactless payment systems, today launched the powerful ViVOpay 5000m payment system that delivers a single point of acceptance for both advanced contactless and legacy mag-stripe payment technologies (MSR). The ViVOpay 5000m features an interactive display and hosts powerful merchant tools for advanced contactless and mobile phone payment programs. The multi-use ViVOpay 5000m is being introduced to retailers January 14 and 15, 2008 at the National Retail Federation’s 97th Annual Convention and Expo in New York at ViVOtech’s booth # 306.

ViVOpay 5000m is a contactless payment reader that can be easily adapted to extend new technology to existing POS and ECR systems. Providing integrated contactless payments and MSR functionality in one unit, the system also provides extra features for retailers adopting emerging mobile commerce and promotion applications based on NFC mobile phone technologies. ViVOpay 5000m’s LCD screen lets merchants easily display transaction amount and customized messages that not only guide users through the payment process, but also communicate promotions, incentives and opportunities to their customers currently using NFC mobile phones or enrolled in advanced loyalty programs.

“According to recent analyst reports, there will be over 188 million contactless cards in the US alone1 and over 470 million NFC-enabled phones in operation worldwide2 by 2011. With such powerful tools already in the hands of consumers, retailers must be equipped with solutions that help them leverage these technologies and be able to easily offer advanced payment, loyalty and promotion services directly to their customers,” said Mohammad Khan, ViVOtech President and Founder. “ViVOpay 5000m combined with NFC payments and promotions software enables retailers to offer the broadest support and exciting new services on the market today.”

About the ViVOpay 5000m
The ViVOpay 5000 is an intelligent payment reader that features advanced contactless functionality in a flexible architecture. Key benefits for merchants include:

• Single Point of Acceptance: the integrated contactless and MSR device accepts cards in a single, attractive customer-facing form factor.
• Interactive Display: Directs consumers through the contactless buying process with helpful prompts and incentive messaging.
• Remote firmware downloads capabilities for extending operations to include future technology upgrades, protecting capital investments.
• The powerful ARM processor optimizes multiple payment applications and hosts high-capacity memory.
• USB and Serial connectivity extends technology to accept both POS and ECR systems.
• Thousands of ViVOpay 5000 readers have been field tested over the past 2 years in over 25 countries worldwide.

References:
(1) Jupiter Research, May 2007
(2) Juniper Research, October 2007

About ViVOtech

ViVOtech (www.ViVOtech.com) is the market leader in NFC mobile payments, promotions, over the air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters and contactless terminals. These innovative payment solutions allow millions of consumers to make contactless transactions with radio frequency-enabled credit/debit cards, key fobs and NFC-enabled mobile phones. ViVOtech's products are used by some of the most prominent retailers all over the globe and today the company has shipped over 350,000 contactless terminals to more than 27 countries worldwide. In 2007, ViVOtech was named #1 in ABI Research’s Contactless Reader Ranking Report. ViVOtech was also recognized as Top Contactless Payment Technology Vendor in Aberdeen Group’s “Retail Contactless Payment Report.” ViVOtech has received strategic investments from First Data Corporation, a leading provider of electronic and payment solutions for businesses worldwide, NCR Corporation, a leading global technology company helping businesses build stronger relationship with their customers and Motorola, known globally for innovation and leadership in wireless and broadband communications. All three companies use ViVOtech technologies and systems to enhance their contactless/NFC offerings.

Editorial Contact:
Kristin Miller
SS|PR representing ViVOtech, Inc.
kmiller@sspr.com
(719) 634-8292