ViVOpay
5000 Certification Press Release
ViVOpay
5000 Contactless Reader First to Receive Global Certification from
the MasterCard PayPass™ Program
Payment Leader Achieves Product Approval for MasterCard PayPass
MagStripe and OneSmart® MasterCard PayPass™ Programs
SANTA
CLARA, Calif., May 15, 2006 – ViVOtech, the leading
supplier of contactless payment solutions, today announced that
its next-generation ViVOpay 5000 is the first commercially available
reader to be certified for use in the global OneSmart® MasterCard
PayPass™ contactless payment program. This includes the PayPass
magnetic stripe program in the United States and the OneSmart MasterCard
PayPass and Pre-Authorized programs which are standard in EMV countries.
This global certification assures merchants around the world that
the ViVOpay 5000 adheres to the stringent usability, reliability
and security requirements set forth by MasterCard.
The
ViVOpay 5000 is the latest ViVOtech product to be certified by MasterCard.
Other countertop contactless readers certified (in 2005), include
the ViVOpay 4000 and 3000 devices. To be certified, products must
be submitted to an independent lab, where they are rigorously tested
for software stability, card data security and interoperability.
The MasterCard certification represents an industry recognized level
of performance and quality which gives retailers an extra layer
of confidence in their decision to partner with ViVOtech.
The
MasterCard PayPass payment program is designed to provide consumers
around the world with a fast and convenient way to pay. All a consumer
needs to do is tap their PayPass-enabled payment card or device
on a ViVOpay 5000 reader at the checkout. It’s that simple.
“Momentum
is building quickly in the contactless payments market as more and
more consumers embrace the new way of paying,” said Mick Mullagh,
CEO of ViVOtech. “As a result, we foresee large demand for
certified products. With verified solutions like the ViVOpay 5000,
retailers can rest assured that they are buying a product that raises
the bar in customer usability, performance, and security –
and a product that will be embraced by their customers.”
About
the ViVOpay 5000
The ViVOpay 5000 is an intelligent reader that features advanced
contactless functionality and a flexible architecture, providing
a powerful tool for merchants. Noted benefits include:
-
Compatibility:
Compatible with all worldwide contactless payment programs run
by major organizations
- Interactive
Display: Directs consumers through the contactless buying
process with helpful prompts
-
Low Cost:
Upgrading existing POS systems costs only a fraction of replacement
for new contactless-enabled POS terminals
-
Scalability:
Expandable memory slot for additional applications including prepaid
and loyalty as well as quick offline transactions
Click
on the thumbnails above for high resolution (300 dpi) images.
About
ViVOtech
ViVOtech is the market leader in contactless payment software, readers,
cards, fobs and transaction management systems. These solutions
allow consumers to make contactless payments with radio frequency-enabled
credit cards, debit cards, key fobs, and NFC enabled mobile phones.
With more than 155,000 units shipped, ViVOtech's products are being
used by movie theaters, fast food restaurants (QSR), casual dining
establishments, convenience stores, gas stations, drug stores, grocery
and vending machine locations enabling them to accept contactless
payments. ViVOtech is headquartered in Santa Clara, California,
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, as well as winning
the first annual ETA Technology Innovation Award. For more information,
please visit the ViVOtech website at www.vivotech.com.
Editorial
Contact:
Janice Mackey
Weber Shandwick, for ViVOtech
408-530-8400 ex 2223
jmackey@webershandwick.com
|
