ViVOtech Introduces Mag-Stripe and NFC Payment Device

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ViVOtech Introduces Mag-Stripe and NFC Payment Device

ViVOtech, a provider of near field communication (NFC) mobile payments, loyalty and marketing applications, and contactless readers, has launched a PCI 2.1-certified, ViVOpay 8100 next-generation customer-facing device enabled with contactless NFC payment and promotion technology for small and medium-size merchants.

The ViVOpay 8100 was developed to enable such retailers to accept mag-stripe, contactless and NFC mobile payments, as well as deliver personalized mobile loyalty and marketing programs to their customers.

“The widespread use of mobile smart phones and contactless NFC technologies by consumers is changing how they expect to shop and pay,” said Mohammad Khan, president and founder of ViVOtech. “The ViVOpay 8100 device, powered by ViVOtech mLoyalty server software, allows ISOs and acquirers to generate new revenue streams by enabling merchants to offer real-time and highly effective loyalty and personalized coupons to their customers using their existing phones.”

The ViVOpay 8100 platform also provides merchants with the functionality needed to leverage from the mobile phenomenon. With the ViVOpay 8100, consumers can tap their mobile phone to electronically redeem a coupon or discount voucher, swipe, or tap to make a payment or enter their PIN for debit payments to complete a transaction. ViVOtech’s mLoyalty also allows merchants the ability to deliver personalized coupons and offers to their customers’ existing mobile phones, driving more traffic to their stores and creating up-sell opportunities.

All ViVOpay 8000 series products are PCI 2.1-certified for highly secured PIN entry of debit card transactions using an ADA-compliant keypad and optional signature capture for other payment card transactions. The ViVOpay 8100 interfaces with the most popular POS and ECR systems used by merchants today, adding powerful new capabilities such as:
—PCI 2.1 Certification: A highly secure PIN pad provides protection from obsolescence beyond 2014
—Integrated Mobile Payments and Promotions Module: Built-in support for NFC mobile payments, marketing and loyalty programs
—Support for Multiple Transactions: Enables both PIN and signature-based credit and debit transactions using mag-stripe, contactless ISO 14443, MiFare and NFC
—Remote Download: Post-deployment firmware updates, via remote download, eliminate the need for additional hardware or device resetting
—ADA-compliant keypad: Compliant with standards for the visually disabled, the recessed keyboard provides maximum privacy