ViVOtech Enables the First Latin American NFC Mobile Phone Payment Pilot in Guatemala

ViVOtech provided NFC provisioning software for phones enabled with Visa payWave technology

SANTA CLARA, Calif. – November 3rd, 2008 – Silicon Valley-based ViVOtech announced today that its provisioning software for Near Field Communication (NFC) mobile payments is being used in the first NFC mobile payment trial in Latin America led by Visa Inc. (NYSE:V), in Guatemala. This deployment marks Latin America’s first NFC-based mobile payment pilot and use of Visa payWave-enabled mobile handsets at hundreds of merchants that have installed the ViVOpay 5000 contactless payment readers in Guatemala.

ViVOtech’s readers and NFC provisioning software were deployed in the mobile Visa payWave pilot launched by Visa Inc., in partnership with Compañía de Procesamiento de Medios de Pago de Guatemala (known as Visanet Guatemala), Banco Industrial, and Banco Uno and is expected to last 6 months. Mobile payments will be available to more than 200 Visa cardholders whose credit card data will be migrated onto the cell phone, allowing them to use the Visa payWave feature.

“We're thrilled that Visa is using ViVOtech’s contactless and NFC provisioning software to deliver advanced NFC payment services in Latin America,” said Michael Mullagh, ViVOtech CEO. “NFC mobile payments have the potential to greatly increase the reach of banking and financial services into large under banked populations that have hundreds of millions of mobile users.”

The ViVOtech suite of provisioning products has been used in multiple NFC mobile programs worldwide and enables mobile phone payments, promotions and marketing programs. ViVOtech will be demonstrating its provisioning solutions along with its leading contactless payment readers at the CARTES 2008 show in Paris, November 4th through the 6th, on booth # 4 Q 028.

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 33 countries worldwide. In 2007 & 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.