ViVOtech Launches ViVOpay OEM to Provide Contactless Payment Technology for Varied POS systems, Vending Machines, Kiosks, and Gas Dispensers

Decreases time to market and saves costs for POS vendors; provides integrated solution for merchants and increased convenience for consumers

Washington D.C., CTST 2004, April 27, 2004 – ViVOtech, a leader in lifestyle payment transactions, today announced ViVOpay OEM, a new solution that lets point of sale (POS) vendors expand the functionality of POS systems to include contactless payments. With the ViVOpay OEM module, a POS vendor can quickly and easily embed ViVOtech’s technology into a variety of POS systems, saving substantial time and costs.

ViVOpay OEM works with countertop terminals and integrated cash register systems as well as with unattended kiosks, gas dispensers and vending machines. The new solution has the ability to work as an interoperable contactless solution that can accept contactless payment programs from leading brands and supports value-added applications such as the loyalty and gift card applications. Therefore merchants that are replacing POS systems or buying new ones can buy systems that have a built in contactless payment functionality.

“By bringing to market a complete line of products that can deliver contactless and interoperable payment functionality to systems already existing in the field as well as new ones being manufactured by leading suppliers, ViVOtech further solidifies its position as the premier supplier of contactless payment solutions,” said Jorge Fernandes, CEO and co-founder of ViVOtech.

ViVOpay OEM standard module is currently available for shipment. It can also be customized to fit individual physical requirements for major suppliers. It accepts payments from contactless cards in different form factors being offered by leading card associations and card companies. ViVOpay OEM supports contactless devices based on ISO 14443 type A and type B standards adopted for leading credit, debit, and pre-paid card brands. It also accepts MiFare devices widely being used by transit systems in various countries as well as new cost effective Ultra Light MiFare devices for value added loyalty and closed loop pre-paid and gift card applications.

ViVOpay OEM can be installed either in a single, self-contained module combining antenna and electronics circuitry on an easy-to-install package that fits various enclosures or with an external antenna for kiosks, gas (petrol) dispensers and other environments that require antenna - base separation.

Visit ViVOtech in booth # 221 at the CTST show, April 27-29 in Washington D.C. to see a demonstration of ViVOpay OEM product and learn more about this solution.

About ViVOtech
ViVOtech, a leader in lifestyle payment transactions, provides breakthrough software technology that allows consumers to make contactless payments in a style that best fits their needs – with a radio frequency (RF) enabled credit or debit card in various form factors, an infrared/RF enabled cell phone, PDA or an access card at existing point-of-sale (POS) systems. ViVOtech’s software allow banks, retailers, merchant acquirers and wireless operators to offer a choice of preferred payment devices to target their customers such that they enjoy a convenient, secure and fast payment experience and in turn benefit from additional revenue and cost savings. Up until now, contactless payments faced an insurmountable obstacle to growth - billions in cost to replace or upgrade the installed base of 30 million merchant POS terminals. ViVOtech is defining the new wave of money with its innovative and cost effective solutions helping you make contactless payments that are faster than cash, safer than checks. ViVOtech is headquartered in Santa Clara, Calif., with offices in Europe and Asia.

Editorial Contact:
Seema Kalra
Weber Shandwick, for ViVOtech
408.559.6090
skalra@webershandwick.com

Sales Contact:
Naz Uzmani
408.248.7001 x 105
naz@vivotech.com

ViVOtech, ViVOgiftcard, ViVOpay, ViVOwallet and ViVOcard and are registered trademarks of ViVOtech, Inc. Other brand and product names are registered trademarks or trademarks of their respective holders.