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ViVOtech Launches Compact, Cost-Efficient ViVOpay 4500 Contactless EMV Readers for Europe, Middle East, Asia, Canada, and Latin America
SANTA CLARA, Calif. --(Business Wire)-- ViVOtech Inc., the leading supplier of contactless payment solutions, today announced the launch of the ViVOpay 4500 EMV contactless reader for the European, Middle Eastern, Asian, Canadian, and Latin American markets. Built on ViVOtech's best-selling ViVOpay 4000 contactless reader platform, the EMV-compatible ViVOpay 4500 is a cost-effective device with a small footprint, powerful new processing capabilities, and the ability to contactless-enable legacy POS systems without replacing the entire terminal or ECR infrastructure.
The ViVOpay 4500 features ARM processor-based hardware with large application memory to support multiple branded EMV and magnetic stripe contactless applications in addition to retailer loyalty, prepaid and NFC mobile phone payment programs. The high-performance processor also assures exceptional read range and faster card reads.
"Global retailers need practical, proven reader solutions that make it possible to take advantage of the rise of contactless payments as an added feature of EMV-enabled smart cards," said Mohammad Khan, President and Founder, ViVOtech. "The compact ViVOpay 4500 saves counter space and aesthetically integrates to almost any POS system, enabling retailers to use contactless to move lines faster to drive incremental revenues as well as enhance loyalty and prepaid programs."
Architected to be used in almost any retail environment, the ViVOpay 4500 is easily installed in existing deployments of EMV-compatible POS terminals and ECR systems. The device can be mounted on countertops, windows and a variety of other surfaces supporting such diverse merchant locations such as movie theaters, Quick Service Restaurants (QSRs), casual dining establishments, gas stations, convenience stores, and drug and grocery retailers as well as buses, taxicabs and vending machines.
Key benefits include:
-- Global reader: Supports all worldwide EMV and magnetic stripe contactless payment programs run by major organizations.
-- Value-added application support: Ready for NFC mobile phone payments, coupons and retailer loyalty and prepaid programs.
-- Performance: Exceptional EMV contactless card read-range and ultra-fast card read.
-- Large memory: ARM processor offers 512K bytes of application memory for multiple contactless and NFC phone applications, providing sufficient space for future applications.
-- Low cost: Upgrades existing POS systems for a fraction of the replacement cost of new contactless-enabled POS terminals.
-- Proven design: Based on the same design as the successful ViVOpay 4000 contactless reader deployed throughout the U.S.
-- Compatibility: Works with most POS and ECR systems from Ingenico, VeriFone, Hypercom, Lipman, Axalto, Dione, Partech, Micros, Toshiba, and IBM. Supports multiple mount options.
To see the demo, visit ViVOtech booth #4L34 at Cartes 2006 in Paris, France
About ViVOtech
ViVOtech (www.vivotech.com) is the market leader in contactless/NFC payment software, transaction management systems, and readers. These innovative solutions allow consumers to make contactless payments with radio frequency-enabled credit cards, debit cards, key fobs, and NFC-enabled mobile phones. ViVOtech's products are used by some of the most prominent retailers in the United States. Currently, with more than 200,000 units in 18 countries, ViVOtech's products are in use at movie theaters, fast food restaurants (QSR), casual dining establishments, convenience stores, gas stations, drug stores, grocery stores, buses, taxicabs and vending machine locations, enabling a wide variety of businesses to accept contactless/NFC payments. 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. ViVOtech was recently honored with a MasterCard "Best Vendor Partner Award" as the first vendor to deliver stand-alone contactless readers for MasterCard PayPass customers.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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