ViVOtech reader receives global certification from MasterCard PayPass
16 May, 2006
category: Contactless, Financial, NFC
The commercially-available ViVOpay 5000 reader from contactless payment solution provider ViVOtech has received MasterCard certification for both the PayPass mag stripe program in the U.S. and the OneSmart PayPass being used in EMV countries. It’s the latest of several ViVOtech teachers that have been certified by the credit card company.
Payment Leader Achieves Product Approval for MasterCard PayPass MagStripe and OneSmart MasterCard PayPass Programs
SANTA CLARA, Calif.–ViVOtech, the leading supplier of contactless payment solutions, 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 cost 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
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. 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, visit the ViVOtech website at www.vivotech.com.
