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ViVOtech has announced the industry's first end-to-end Near Field Communication (NFC) payment solution.

The new ViVOnfc solution provides a secure infrastructure that will accelerate the adoption and usage of NFC enabled mobile phones. With ViVOnfc, users with NFC phones will be able to "carry their credit and debit cards virtually" and make Contactless payments at merchant locations.

NFC technology provides short-range wireless connectivity -- over a typical distance of just 2-4 inches. Since NFC devices do not operate over a carrier's radio spectrum, they can be used anywhere.

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