ViVOtech Powers the First Australian NFC Mobile Phone Payment Pilot for Commonwealth Bank of Australia
ViVOtech Provides NFC and Over-The-Air Infrastructure Software
Supporting Both MasterCard(R) PayPass(TM) Credit and Prepaid Cards
SANTA CLARA, Calif.--(Business Wire)--Silicon Valley-based ViVOtech announced today that its ViVOnfc
infrastructure software for Near Field Communication (NFC) mobile
phone payments is being used by the Commonwealth Bank of Australia in
its first NFC mobile phone payment launch in conjunction with
MasterCard at the MasterCard Masters Golf Tournament. This deployment
marks Australia's first NFC mobile phone payment pilot and supports
both credit and prepaid mobile phone payments. NFC phones given away
at the MasterCard Masters Golf Tournament launch can be used
throughout the country for payment at any contactless-enabled store.
"We're really excited to be the first Australian bank to trial
contactless payment technology using Near Field Communication (NFC),"
said Lynda McMillan, Executive Manager, Credit Cards Issuing at the
Commonwealth Bank. "ViVOtech's NFC payment solution was selected
because of its easy to use wallet interface for users and the
company's proven and highly secure OTA provisioning infrastructure to
easily manage credit and debit card downloads."
The Commonwealth Bank is the first Australian bank to introduce a
contactless payment solution like MasterCard PayPass to the Australian
market and is the first institution to introduce NFC-enabled mobile
phone payments into the country. For this trial program, ViVOtech is
supplying Commonwealth Bank with its full line of NFC-enabled payment
products including:
-- A Commonwealth Bank-branded ViVOwallet mobile phone user
interface supporting easy downloads of MasterCard's PayPass
credit and debit cards
-- ViVOnfc Issuer Server that provides over-the-air (OTA) loading
and personalization of card details into the mobile phones
-- ViVOnfc Control Server to provide over-the-air (OTA)
management of wallet loading and personalization.
"We are pleased to have been selected as provider of the NFC
mobile phone payment and OTA provisioning software technology for this
significant NFC payment trial in the Asia-Pacific region," said
Michael Mullagh, ViVOtech CEO. "Today our vision of a truly mobile
society is one step closer to reality as the launch of this program
will allow Australian consumers to use their mobile phones for credit
and debit payments at contactless merchant locations across
Australia."
This trial marks ViVOtech's entry onto another continent,
expanding its ViVOnfc trial customer base across the globe. The
ViVOnfc suite of products has been used in over 16 pilot programs
worldwide and enables mobile phone payments, promotions and marketing
programs. The ViVOnfc solution was recently named as a finalist in the
prestigious SESAMES Award for Software in 2007 and is ready for the
upcoming commercial roll-outs of mobile phone payments expected in
2008.
About ViVOtech
ViVOtech (www.vivotech.com) is the market leader in Near Field
Communication (NFC) mobile payments, promotions, and over-the-air
(OTA) provisioning infrastructure software, transaction management
software, NFC smart posters, and contactless terminals. These
innovative solutions allow millions of consumers to make contactless
payments with radio frequency-enabled credit/debit cards, key fobs,
and NFC mobile phones. ViVOtech's products are used by some of the
most prominent retailers in the United States. Currently, with more
than 330,000 units in 27 countries, ViVOtech's products are in use at
movie theaters, fast food restaurants (QSR), casual dining
establishments, convenience stores, gas stations, drug stores, grocery
stores, buses, taxicabs, kiosks and vending machines, enabling a wide
variety of businesses to accept contactless/NFC payments and
promotions. ViVOtech's investors include Alloy Ventures, Draper Fisher
Juvertson, First Data, Motorola, NCR and Nokia. In 2007, ViVOtech was
named #1 in New ABI Research Contactless reader ranking. ViVOtech was
also recognized as Top Contactless Payment Technology Vendor in
Aberdeen Group's "Retail Contactless Payment Report."
SSPR for ViVOtech
Kristin Miller, 719-634-8292
kmiller@sspr.com
Copyright Business Wire 2008
