VIVOtech Overview
ViVOtech's breakthrough technology is driving next generation electronic payments worldwide. With the company's technology, customers can make contactless payments with radio frequency (RF) enabled credit cards, access cards and infrared cell phones at existing point-of-sale (POS) systems. Up until now, contactless payments faced an insurmountable obstacle to growth - billions in cost to replace...More»
ViVOtech's breakthrough technology is driving next generation electronic payments worldwide. With the company's technology, customers can make contactless payments with radio frequency (RF) enabled credit cards, access cards and infrared cell phones at existing point-of-sale (POS) systems. 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 solutions upgrade existing magnetic stripe POS terminals in minutes so they can accept contactless payments - payments that are faster than cash, safer than checks. Customers simply wave their contactless cards or point their cell phones or PDAs to make a payment transaction. Using ViVOtech's enabling plug and play technology, financial institutions, wireless operators and retailers, can increase revenues significantly.«Less
Key People
Management
- Todd Ablowitz, SVP Sales
- Peter Slocum, SVP Engineering
- Michael Mullagh, CEO
- Jeff Klores, VP Sales
- Stuart Arnott, CFO
- Nelson Chen, VP Sales
- Anna Stockel, VP Engineering
- Mohammad Khan, President
- Robin Gaither, VP Human Resources
- Greg McNeil, SVP Product Development & Support
- Doug Kilgour, VP Sales
- Bill Johnson, Sr. Director of Engineering
- Robert Hernandez, VP Operations
- Joe Malo, Controller
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 08/07/2007 | Series C | 22.5M | Unknown |
Products
| Name: | ViVOpay 5000 |
| Product URL: | http://www.vivotech.com/products/vivo_pay/vivopay_5000.asp |
| Description: | ViVOpay 5000 is a global EMV contactless payment solution with interactive display and flexible architecture providing powerful tools for merchant contactless EMV programs in Asia, EMEA and Latin America. ViVOpay 5000 is a contactless reader that can be adapted to existing POS systems to provide advanced contactless functionality and an interactive display for customers. The graphic LCD allows merchants to display key messages and take the customer through the buying process, freeing up the clerk for other activities like bagging items for the customer. ViVOpay 5000 is also equipped with expandable memory slot allowing for additional contactless applications such as gift, loyalty, payment applications or add-on memory for high-speed offline transactions at heavy traffic cash merchants. With ViVOpay 5000, retailers will be able to start accepting contactless cards and key fobs; generating 20% larger ticket value and a 20% shift from cash and checks*. ViVOpay 5000 is compatible with Visa® Wave, OneSmart MasterCard PayPass™, OneSmart® MasterCard Pre-Authorized, ExpressPay from American ExpressSM and payment programs in addition to private-label contactless gift and loyalty cards. ViVOpay 5000 supports multiple contactless payment programs such as OneSmart MasterCard PayPass™, Visa® Wave, NETs, Expresspay™ from American Express® and private label prepaid and loyalty initiatives. Benefits * Interactive Display: Directs consumers through the contactless buying process with helpful prompts. * Additional Applications: Expandable memory slot for additional applications or quick offline transactons. * Speed and Convenience: Reduce time for service by speeding up the transaction time at the checkout. * Low Cost: Upgrading existing POS systems costs only a fraction of replacement for new contactless-enabled POS. |
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