RFID IR Payment: ViVOtech Adds IR Capabilities to Its RFID Product Portfolio to ...

From Business Wire (press release), CA ... payment transactions, today announced that it has added Infrared (IR) capabilities to its existing portfolio of Radio Frequency (RFID) contactless payment ...

... ViVOtech, a leader in lifestyle payment transactions, today announced that it has added Infrared (IR) capabilities to its existing portfolio of Radio Frequency (RFID) contactless payment products to bring to the market for the first time a combination of RFID- and Infrared-based technologies on to a single platform. The combined capabilities enable consumers to make payments with either RFID-enabled key fobs or cards, or Infrared-enabled mobile phones and PDAs. Moreover, it allows merchants to proactively reach out to select communities using either of the technologies to make a payment and promote brand loyalty to generate new revenue streams. ...

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.