Image via CrunchBaseJune 06, 2011 09:00 AM Eastern Daylight Time
Near Field Communication Pioneer Celebrates 10th Anniversary
NEW YORK--(BUSINESS WIRE)--ViVOtech, the near field communication (NFC) software and systems company, today announced it is a Google Wallet partner and that ViVOtech technologies are being used by Google Inc. to give Android phone owners the ability to make payments and take advantage of real-time in-store offers and loyalty programs at the point of sale (POS).
“ViVOtech’s original vision for payments and mobile commerce is finally coming to fruition, and we are delighted to be supporting Google in its commercialization.”
For merchants that want to accept Google Wallet payments and marketing solutions ViVOtech is providing NFC POS readers. In addition, ViVOtech has worked with Google, merchants and POS software vendors to provide integration between NFC POS readers and current POS software. ViVOtech’s solutions combined with Google Wallet enable one-touch technology for redeeming coupons, participation in loyalty programs, and making payments.
“Google’s leadership to transform NFC mobile wallets from pipe-dream to a standard used by billions of people around the world is unprecedented,” said ViVOtech CEO, Michael (Mick) Mullagh. “ViVOtech has shipped more than 800,000 NFC readers globally, more than 600,000 in the US, all of which will now be capable of accepting payments from the Google Wallet.” Added Mohammad Khan, ViVOtech’s president and founder: “ViVOtech’s original vision for payments and mobile commerce is finally coming to fruition, and we are delighted to be supporting Google in its commercialization.”
The announcement today coincides with ViVOtech’s 10th anniversary. Over the past 10 years ViVOtech has grown from its beginnings as the first provider of contactless branded card terminals to become the share and shipment leader of the category. It is also now a leading global provider of smart software and applications to enhance the customer shopping experience, the inventor of the one touch check out, and the enabling wallet and trusted service manager (TSM) software, that together with its point of sale systems is making rich NFC mCommerce a reality.
As a pioneer of the contactless point of sale, ViVOtech’s installed base of more than 800,000 readers covers merchants in 35 countries. In North America, brand name merchants using ViVOtech reader technology include The Home Depot, Office Depot, BJ’s, McDonalds, Dairy Queen, Jack in the Box, Sbarro, Tully’s Coffee, Taco Bueno, Taco Cabana, Whataburger, Chevron, BP, The Paradies Shops, The Whole Foods, Foot Locker, Meijer, Rite Aid, Sports Authority, Shell Canada, Tim Horton’s, Loblaw’s, Petro Canada, Dominion, Superstore, Fortinos, M&M, No Frills, and more than 50,000 vending machines. ViVOtech NFC readers also enable more than 20,000 taxis throughout the U.S. including all taxis in New York. All of these merchants, vending and taxis are able to accept payments from the Google Wallet.
About ViVOtech
ViVOtech, the near field communication (NFC) software and systems company, enables rich mobile commerce solutions for in-store payment, loyalty, marketing, and merchandising. Merchant, payment, mobile, web and advertising companies use ViVOtech solutions to enhance customer experience and grow their business. VIVOtech’s NFC software and systems are the broadest, most tested and deployed worldwide. Founded in 2001, Silicon Valley-based ViVOtech provides the key building blocks of the NFC ecosystem: smart applications for enhancing the customer experience, wallet and trusted service manager (TSM) software, and point of sale systems. ViVOtech’s investors include Alloy Ventures, Citigroup, Draper Fisher Jurveston, First Data Corporation, Motorola Ventures, Nokia Growth Partners, NCR, and Sprint. Join the NFC revolution at http://www.ViVOtech.com.
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