ViVOtech Unveils First End-to-End NFC Phone Payment Solution
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.
"Contactless payments are quickly becoming a reality and are an important frontier for the consumer payments industry," said Ed Kountz, senior analyst, Bank Cards, at Tower Group. "And with the mobile phone as one potential emerging payments form-factor, support for the NFC protocol will become even more important.""ViVOtech is committed to delivering solutions that advance NFC Contactless technology," said Michael Mullagh, CEO of ViVOtech. "Over the next 6-9 months, ViVOnfc will be deployed in numerous pilot programs around the world. We will continue to play a leading role in working with card associations, card issuers, mobile phone operators and phone manufacturers to develop the infrastructure needed to support payment capability in the millions of NFC enabled devices expected to be in the market by the 2006 holiday season."
Stumble It!
Add your comment... (note that all comments are reviewed before they're published)