Visa Certification Press Release

ViVOtech’s New Contactless Payment Products Receive Visa Certification

Contactless Payment Leader Furthers Commitment to Providing
the Highest Quality Products and Services to Customers

SANTA CLARA, Calif. July 18, 2005 – ViVOtech, the leading supplier of contactless payment solutions, today announced that its ViVOpay products have received Visa certification. The ViVOpay 3000, 4000 and OEM readers conform to Visa’s quality, performance, security and reliability standards.

The Visa certification represents an industry recognized level of quality and operating performance that enables merchants to be confident in their decision to partner with ViVOtech. In order to receive certification and meet the strict standards set by the card association, products must be submitted to an independent lab, where hardware and software are subject to rigorous tests.

Visa Contactless is based on industry standard technology whereby payment information is electronically transmitted between the card and the contactless reader at the point of the sale. Cardholders simply hold their card in front of the contactless reader, instead of swiping it. Contactless transactions are processed through the same secure Visa payment network as all magnetic stripe transactions.

Merchants who already accept Visa contactless payments and have deployed contactless readers at the point of sale include fast-food restaurants, convenience stores, drug stores, drive-thru retailers, and other merchant locations where contactless payments deliver speed and convenience to consumers.

“ViVOtech is committed to developing products that adhere to and surpass the certification requirements of security, performance and functionality,” said Michael Mullagh, CEO of ViVOtech. “We look forward to deploying thousands of readers to make Visa contactless a success with both merchants and consumers”

About ViVOtech
ViVOtech provides an end-to-end transaction platform that allows consumers to make contactless payments with radio frequency-enabled credit cards, debit cards, key fobs, cell phones, PDAs and identity cards. The company’s products are backwards compatible with today’s existing PoS infrastructure, providing seamless upgrades. With more than 90,000 of its contactless payment readers deployed around the world, ViVOtech products are found in Fast Food Restaurants (QSR), Casual Dining Establishments, Corporate Cafeterias, Parking Garages, and Movie Theaters as well as Convenience, Grocery, and Drug Stores. ViVOtech is headquartered in Santa Clara, Calif., with offices in Europe and Asia. In 2005, ViVOtech received the prestigious Frost & Sullivan technology award for its role in transforming the contactless payment industry.

Editorial Contact:
Janice Mackey
Weber Shandwick, for ViVOtech
408-530-8400 ex 2223
jmackey@webershandwick.com