ViVOtech Partners with Citi in Largest Global NFC Pilot
SANTA CLARA, Calif. -- Silicon Valley-based ViVOtech, the leading end-to-end enabler of next generation mobile payments, loyalty, and marketing solutions, announced that its NFC(1) mobile payment wallet, Over-the-Air (OTA) provisioning, smart posters, coupon delivery and redemption technologies have been successfully deployed in Citi Tap and Pay, a pilot service that brings to India next-generation contactless credit card payments based on this emerging technology. Launched in July in the city of Bengaluru in India, Citi Tap and Pay is one of the world's largest and most comprehensive NFC mobile payment pilots.
The mobile payment infrastructure deployed by ViVOtech allows pilot participants in India to easily download OTA a personal Citibank MasterCard Credit card to their mobile phones. Cardholders also enjoy promotional offers by tapping their NFC phones on smart posters, and receive coupons in seconds. When ready for a purchase, participants just tap their mobile phones at ViVOpay contactless payment readers to redeem coupons and make payments with credit or debit cards.
"Citi believes contactless mobile payment services will be a key lifestyle driver for our highly mobile, international and increasingly urban customer base, and we are delighted to be one of the, if not the first bank to deliver this innovative service to them. Exceptional customer value creation needs collaboration and we will always look to work together with key ecosystem partners such as ViVOtech in applying smart, everyday, everywhere technology around the globe, while keeping the customer at the forefront of everything we do," said Jeff Semenchuk, EVP and Head of Growth Ventures, Citi Innovation.
"We are delighted to demonstrate ViVOtech's end-to-end mobile commerce solution, which helps Citi to successfully roll out the largest-ever NFC payment and coupon program to thousands of its cardholders," said Michael Mullagh, CEO of ViVOtech. "ViVOtech believes in offering easy-to-use and highly intuitive mobile software solutions for the consumer. This pilot will show how the patented Pull provisioning OTA solution will let consumers download their card or coupon to their NFC phones when they want it - in just seconds."
To date, ViVOtech has enabled more than 35 NFC phone pilots globally. ViVOtech's NFC mobile payments, promotions, OTA provisioning infrastructure software, transaction management software, NFC smart posters and contactless terminals are part of the company's end-to-end solutions that complement and complete mobile e-commerce networks and their ecosystems. ViVOtech will be demonstrating its NFC solutions at the CARTES & IDentification 2008 show in Paris, November 17th through the 19th, at booth # 4 Q 028.
About ViVOtech
ViVOtech (www.vivotech.com) is the leading end-to-end enabler of next generation mobile payments, loyalty, and marketing solutions. ViVOtech provides Near Field Communication (NFC) mobile payment solutions, mobile marketing and loyalty applications software, Over-The-Air (OTA) provisioning infrastructure software, NFC smart posters, and contactless terminals. ViVOtech's products are used by most prominent retailers all over the globe; the company has shipped over 550,000 contactless and NFC payment terminals to more than 35 countries. In 2009, ViVOtech received the prestigious Frost and Sullivan North American Smart Cards Product Line Strategy of the Year Award. ViVOtech's investors include Citi, First Data Corporation, Motorola Ventures, NCR, and Nokia Growth Partners.
1.NFC or Near Field Communication is a short-range wireless connectivity technology standard designed for intuitive, simple and safe communication between electronic devices. NFC communication is enabled by bringing two NFC compatible devices within a few centimeters of one another. Applications of NFC technology include contactless transactions such as payment and transit ticketing, simple and fast data transfers including calendar synchronization or electronic business cards and access to online digital content.
The mobile payment infrastructure deployed by ViVOtech allows pilot participants in India to easily download OTA a personal Citibank MasterCard Credit card to their mobile phones. Cardholders also enjoy promotional offers by tapping their NFC phones on smart posters, and receive coupons in seconds. When ready for a purchase, participants just tap their mobile phones at ViVOpay contactless payment readers to redeem coupons and make payments with credit or debit cards.
"Citi believes contactless mobile payment services will be a key lifestyle driver for our highly mobile, international and increasingly urban customer base, and we are delighted to be one of the, if not the first bank to deliver this innovative service to them. Exceptional customer value creation needs collaboration and we will always look to work together with key ecosystem partners such as ViVOtech in applying smart, everyday, everywhere technology around the globe, while keeping the customer at the forefront of everything we do," said Jeff Semenchuk, EVP and Head of Growth Ventures, Citi Innovation.
"We are delighted to demonstrate ViVOtech's end-to-end mobile commerce solution, which helps Citi to successfully roll out the largest-ever NFC payment and coupon program to thousands of its cardholders," said Michael Mullagh, CEO of ViVOtech. "ViVOtech believes in offering easy-to-use and highly intuitive mobile software solutions for the consumer. This pilot will show how the patented Pull provisioning OTA solution will let consumers download their card or coupon to their NFC phones when they want it - in just seconds."
To date, ViVOtech has enabled more than 35 NFC phone pilots globally. ViVOtech's NFC mobile payments, promotions, OTA provisioning infrastructure software, transaction management software, NFC smart posters and contactless terminals are part of the company's end-to-end solutions that complement and complete mobile e-commerce networks and their ecosystems. ViVOtech will be demonstrating its NFC solutions at the CARTES & IDentification 2008 show in Paris, November 17th through the 19th, at booth # 4 Q 028.
About ViVOtech
ViVOtech (www.vivotech.com) is the leading end-to-end enabler of next generation mobile payments, loyalty, and marketing solutions. ViVOtech provides Near Field Communication (NFC) mobile payment solutions, mobile marketing and loyalty applications software, Over-The-Air (OTA) provisioning infrastructure software, NFC smart posters, and contactless terminals. ViVOtech's products are used by most prominent retailers all over the globe; the company has shipped over 550,000 contactless and NFC payment terminals to more than 35 countries. In 2009, ViVOtech received the prestigious Frost and Sullivan North American Smart Cards Product Line Strategy of the Year Award. ViVOtech's investors include Citi, First Data Corporation, Motorola Ventures, NCR, and Nokia Growth Partners.
1.NFC or Near Field Communication is a short-range wireless connectivity technology standard designed for intuitive, simple and safe communication between electronic devices. NFC communication is enabled by bringing two NFC compatible devices within a few centimeters of one another. Applications of NFC technology include contactless transactions such as payment and transit ticketing, simple and fast data transfers including calendar synchronization or electronic business cards and access to online digital content.
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