ViVOtech announces ViVOpay 5000 Contactless Payment Reader for Use with Visa payWave programs in Canada, CEMEA, Europe, and Latin America



    ViVOpay 5000 Now Used in Visa's Contactless Programs

    SANTA CLARA, CALIF., November 12 /CNW/ - ViVOtech, the leader in Near
Field Communication (NFC) and contactless payment systems, today announced
that its ViVOpay 5000 is now available to participants in Visa payWave
programs throughout Europe, the Middle East and Africa (CEMEA), Latin America
and Canada. The ViVOpay 5000 reader received the Visa payWave Level 2 Type
approval for Visa's Contactless Payment Specifications version 2.0.2,
providing qVSDC 2.0.2 and MSD 2.0.2 functionality. This approval adds to the
previous Visa approvals of ViVOtech products used in Visa payWave programs in
Asia-Pacific and the U.S.

    ViVOtech has shipped ViVOpay readers to a wide variety of merchants in 27
countries all over the world. The ViVOpay 5000 has proved to be the company's
best selling product in countries where EMV smart cards are currently being
adopted in record numbers. As part of a rigorous process to support Visa
Contactless Payment Specification version 2.0.2, ViVOtech submitted ViVOpay
5000 to an independent laboratory to undergo extensive testing.

    "The approval of our ViVIOpay 5000 readers by Visa enables us to continue
our support for Visa payWave programs in important regions around the globe,
said Mohammad Khan, President and Founder of ViVOtech. "It is gratifying to
see the adoption of contactless payments are growing throughout the world as
more and more retail customers are embracing new technologies that ensure a
quick, easy and secure way to pay."

    About the ViVOpay 5000

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

    --  Compatibility: Compatible with most branded contactless payment
programs launched in markets worldwide.

    --  Interactive Display: Directs consumers through the contactless buying
process with helpful prompts.

    --  Large Flash memory size of 512 Kbytes for additional contactless and
NFC mobile payment and promotion applications

    --  Remote firmware download capabilities for extending operations to
include future technology upgrades.

    --  Powerful ARM processor optimizes multiple payment applications and
provides advanced functionality.

    --  USB and Serial connectivity extends technology to both POS and ECR
systems.

    --  Quality: ViVOpay products are well known for high reliability

    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 solutions allow millions of consumers to make contactless
payments with radio frequency-enabled credit/debit cards, key fobs and NFC
mobile phones. ViVOtech's products are used by some of the most prominent
retailers worldwide with close to 330,000 contactless terminals shipped in 27
countries. In 2007, ViVOtech was named #1 in New ABI Research Contactless
reader ranking. ViVOtech was also recognized as Top Contactless Payment
Technology Vendor in Aberdeen Group's "Retail Contactless Payment Report." In
August 2007, ViVOtech announced strategic investments from First Data
Corporation, a leading provider of electronic and payment solutions for
businesses worldwide, and NCR Corporation, a leading global technology company
helping businesses build stronger relationship with their customers. Both
companies use ViVOtech technologies and systems to further their
contactless/NFC offerings.




For further information:

For further information: Media: SSPR for ViVOtech Kristin Miller,
+1-719-634-8292 kmiller@sspr.com

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