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| FOR
IMMEDIATE RELEASE
ViVOtech
Named #1 in New ABI Research Contactless Reader Ranking
Evaluation
based on innovation and ability to execute as ViVOtech reports worldwide
shipments of contactless readers surpassed the quarter of a million
mark
SANTA CLARA, Calif., April 17, 2007 – ViVOtech
Inc., a market leader in contactless payment readers, NFC payment,
over the air (OTA) provisioning and transaction software is ranked
at the top of ABI Research’s latest Contactless Reader Vendor
Matrix released this month. ViVOtech also announced that it has
reached the milestone of shipping over a quarter of a million readers
to over 22 countries worldwide. All of the contactless readers ViVOtech
has shipped are capable of accepting payments from cards, key fobs,
and NFC enabled mobile phones supporting branded payment cards as
well as retailer gift card and loyalty programs.”
“ViVOtech
is gratified to see that ABI Research was able to quantify and measure
our contributions to the contactless payment industry” said
Mohammad Khan, ViVOtech President & Founder. “Our commitment
to constant product innovation and seamless implementations allows
us to offer market leading contactless payment technologies that
let retailers unlock value, build loyalty and make money.”
ABI
Research evaluated contactless reader vendors according to criteria
that included: product and manufacturing innovation and feature
set; key roles in developing and expanding the market through industry
leadership and knowledge transfer; global capacity; reach and support;
vertical market focus and product adoption, as well as cross-regional
delivery and adoption.
Contactless
payment technology has already shown the potential to drive additional
revenues and efficiency for all the key players in the transaction
value chain," said senior analyst Jonathan Collins. "ViVOtech
has proven functionality and flexibility in real world deployments
that position the company as a leading innovator in the marketplace.”
The
Vendor Matrix is an analytical tool developed by ABI Research to
provide a clear understanding of vendors' positions in specific
markets. Vendors are assessed by ABI Research on the important parameters
of "innovation" and "implementation" across
several criteria, unique to each vendor matrix. In the Contactless
Reader Vendor Matrix, ABI Research evaluated companies offering
reader products that target contactless payment, ticketing, and
near field communication (NFC)-related applications.
The
report is being issued just as ViVOtech marked a significant company
milestone by shipping over 250,000 contactless payment readers worldwide.
ViVOtech offers the most complete line of add-ons for contactless
payments including ViVOpay contactless payment readers for countertop,
drive-thru, integrated, vending and “pay at the table”
solutions that enable almost any POS or ECR system to fit into almost
any store layout and existing payment infrastructure.
ABI
Research is a leading global research firm based in New York that
focuses on providing in depth analysis in broadband and multimedia,
RFID & contactless, M2M, wireless connectivity, mobile wireless,
transportation, and emerging technologies.
Download
the Contactless Reader Vendor Matrix here.
About
ViVOtech
ViVOtech (www.vivotech.com)
is a market leader in contactless/NFC payment software, over the
air (OTA) card provisioning, promotion, and transaction management
infrastructure software, NFC smart posters, and contactless readers/writers.
These innovative solutions allow consumers to make contactless payments
with radio frequency-enabled credit cards, debit cards, key fobs,
and NFC-enabled mobile phones. ViVOtech's products are used by some
of the most prominent retailers in the United States. Currently,
with more than 250,000 units in 22 countries, ViVOtech's products
are in use at movie theaters, fast food restaurants (QSR), casual
dining establishments, convenience stores, gas stations, drug stores,
grocery stores, buses, taxicabs and vending machine locations, enabling
a wide variety of businesses to accept contactless/NFC payments.
In 2007, ViVOtech was recognized as Top Contactless Payment Technology
Vendor in Aberdeen Group’s “Retail Contactless Payment
Report”; In 2006, ViVOtech was honored with a MasterCard "Best
Vendor Partner Award" as the first vendor to deliver stand-alone
contactless readers for MasterCard PayPass customers. In 2005, ViVOtech
received the prestigious Frost & Sullivan technology award for
its role in transforming the contactless payment industry and the
first annual ETA Technology Innovation Award.
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