ViVOtech partners DeviceFidelity for instant m-payments
08 September 2010 | 2466 views | 0
Silicon Valley-based ViVOtech, the leader in Near Field Communication (NFC) mobile payments, loyalty and marketing applications and contactless NFC readers, and DeviceFidelity, the global leader in microSD-based mobile contactless solutions, today announced a joint solution that brings contactless mobile payment, loyalty, transit, ticketing and coupon redemption capabilities to leading Smartphone models.
Available to financial institutions and wireless carriers globally, the joint solution can be deployed on most leading smartphones, including multiple Blackberry models, iPhone 3G, and iPhone 3Gs.
The joint solution allows ViVOtech's award-winning mobile wallet software, patented over-the-air (OTA) provisioning solution, and coupon issuance/redemption software to be deployed with DeviceFidelity's NFC-enabled In2Pay microSD and In2Pay Case for iPhone technology. This joint solution enables consumers to plug the In2Pay microSD into their smartphones, download multiple credit and/or debit cards securely to their handsets, and use their phones to perform contactless transactions at hundreds of thousands of merchants around the world. In addition, consumers can download merchants' loyalty, gift and prepaid cards and customize these cards to automatically redeem loyalty points and take advantage of discounts. Consumers can also request electronic coupons and discount offers, store them in their mobile wallets, and electronically redeem them at time of purchase.
The multiple patents pending In2Pay microSD with integrated NFC antenna, 1GB user memory and MiFare support has garnered global recognition and is being trialed by major banks and carriers worldwide. Through the collaboration between ViVOtech and DeviceFidelity, interested customers will now be able to obtain a turnkey solution comprising of NFC readers, OTA and wallet software and In2Pay NFC payment solution for smartphones.
"The collaboration between ViVOtech and DeviceFidelity is aimed towards delivering the long awaited promise of NFC today, and on mobile devices that consumers prefer," said Deepak Jain, CEO and founder of DeviceFidelity. "Our technology unlocks the `chicken and egg' situation that has plagued the NFC ecosystem and provides a compelling ROI for banks, payment networks, merchants and wireless carriers interested in commercial deployment of NFC."
"By combining ViVOtech's unique patented over-the-air (OTA) card provisioning and mobile wallet software with DeviceFidelity's In2Pay solution, we are delighted to provide options to millions of consumers today to instantly turn their existing smartphones into intelligent contactless payment devices - and that's just the start," said Mohammad Khan, president and founder of ViVOtech. "ViVOtech's software coupled with DeviceFidelity's In2Pay solution enables a full range of applications for mobile commerce and transit including mobile loyalty, coupons, gift and marketing."
ViVOtech and DeviceFidelity will be demonstrating their joint solution at the Asia Pacific Smart Card Association's, "Bridging the gaps in the ecosystem" Conference on September 8 - 9, 2010, in Taipei, Taiwan.
ViVOtech is planning to enhance this joint solution by supporting additional leading smartphone handset platforms like Android and devices from other major device makers like Nokia, HTC and Samsung that are already supported by the In2Pay solution.