NCR invests in contactless payments firm Vivotech

NCR invests in contactless payments firm Vivotech

US ATM vendor NCR has made an undisclosed strategic investment in Silicon Valley-based contactless payments outfit Vivotech.

NCR has also agreed to use Vivotech's Near Field Communication (NFC) technology to deliver self-service kit and services for contactless and mobile transactions.

Commenting on the move, NCR president and CEO, Bill Nuti, says: "By collaborating with Vivotech, NCR is enabling an infrastructure for contactless payments and mobile phone interaction points, empowering our customers to be at the forefront of emerging e-payment solutions while providing consumers with a whole new world of automated services."

Under the deal Vivotech will supply contactless technology and NFC mobile transaction software for a variety of NCR's current solutions on a global basis.

The two firms will also partner to enable the inclusion of contactless and NFC mobile transaction technology into NCR's products. Vivotech CEO, Michael Mullagh, says the collaboration "will enable the creation and delivery of a broad set of differentiated mobile commerce services that will change the way that consumers communicate and interact with businesses and government services".

Earlier this year US e-payments firm First Data led a series C funding in Vivotech and also committed to use Vivotech's contactless payments technology and services.

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