ViVOtech Named Top Contactless & NFC Reader Vendor for Second Year by ABI Research

2008 Contactless Reader Vendor Matrix Recognizes ViVOtech’s Continuous Leadership in Contactless Payments, Ticketing, and NFC Reader Vendor Matrix Rankings

SANTA CLARA, Calif. -- September 10, 2008 – Silicon Valley-based ViVOtech, the leader in contactless payment systems, Near Field Communication (NFC) mobile payments and Over-the-Air (OTA) provisioning has been named #1 at the top of ABI Research’s latest Contactless Reader Vendor Matrix for the second year in a row. In the Contactless Reader Vendor Matrix, ABI Research evaluated companies offering reader products that target contactless payments, ticketing, and near field communication (NFC)-related applications.

“We are pleased that ABI continues to rank ViVOtech at the top of their new and expanded Vendor Ranking for a second year,” said Mohammad Khan, ViVOtech President & Founder. “We are thankful to the increasing number of merchants and service providers who continue to choose ViVOtech readers to enable them to accept contactless payments today, and we are proud to be able to give them a way to offer an even broader set of mobile phone based payment and promotion services using ViVOtech’s NFC mobile payment infrastructure and applications too.”

A pioneer in the contactless payment industry, ViVOtech has shipped close to half a million contactless readers to a total of 30 countries all over the world. Selected as the reader for over 30 successful NFC mobile payment pilot programs that combined payments with promotions and other services, ViVOtech participated in successful trials including the Bay Area Transit Authority (BART) and Jack in the Box restaurants in San Francisco.

In the past year alone, ViVOtech has launched four new contactless reader models: ViVOpay DTc compact drive-thru and ViVOpay 4500m and 5000m all with integrated contactless reader and magnetic stripe. The company’s new ViVOpay Kiosk was introduced for unattended and self-service environments.

“The leaders in contactless payments are those companies that are developing solutions to address multiple applications in one single reader and solutions that are flexible enough to be implemented across the biggest number of verticals, from retail to transportation to many others. That is where the innovation and future of contactless payments lies.” said ABI Research principal analyst Jonathan Collins.

ABI’s Vendor Matrix is an analytical tool that was developed by ABI Research analysts to provide a clear understanding of vendors' positions in specific markets. Vendors are assessed by ABI Research on the important parameters of "innovation" and "implementation" across several criteria, unique to each vendor matrix.

In this particular matrix, under "innovation," ABI Research examined product innovation, the breadth of vendors’ product offerings, their industry experience and leadership, knowledge transfer, and vendors’ industry partnerships. Under "implementation," ABI Research scrutinized the following criteria: vendors’ share of the target market, their share of the total market, breadth of adoption for their products, cross-regional acceptance, and their ability to supply and support customers worldwide.

ABI Research is a leading global research firm based in New York that focuses on providing in depth analysis in broadband and multimedia, RFID & contactless, M2M, wireless connectivity, mobile wireless, transportation, and emerging technologies.

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, fobs and NFC mobile phones. ViVOtech's products are used by the most prominent retailers all over the globe and today the company has shipped over 450,000 contactless terminals to more than 30 countries worldwide. In 2008, ViVOtech has been named #1 in ABI Research’s Contactless & NFC Reader Ranking Report. ViVOtech was also recognized as Top Contactless Payment Technology Vendor in Aberdeen Group’s “Retail Contactless Payment Report.” ViVOtech has received strategic investments from First Data Corporation, a leading provider of electronic and payment solutions for businesses worldwide, Citi, the leading global financial services company, NCR Corporation, a leading global technology company helping businesses build stronger relationship with their customers and Motorola, known globally for innovation and leadership in wireless and broadband communications.

Editorial Contact:
Kristin Miller
SS|PR representing ViVOtech, Inc.
kmiller@sspr.com
(719) 634-8292