Global
Payments Press Release
CTST
News -- ViVOtech™ Announces Payment Processing Certification with
Global Payments™
Detailed
Explanation of Emerging Payment Technology Offered by ViVOtech™
- Available at Card Tech Secure Tech Conference or at www.ViVOtech.com
Santa
Clara, Calif. (May 13, 2003) - ViVOtech™, a provider of contactless
payment solutions, announced today that it has received certification
for ViVOpay™ with Global Payments Inc. (NYSE:GPN), a leading provider
of electronic payment card and check processing solutions. ViVOpay
is a RF payment terminal developed for use with 30 million existing
Point-of-Sale (POS) systems.
ViVOpay
now enables Global Payments and its ISOs to offer merchants an easy
and cost-efficient upgrade of their current POS terminals to accept
payment from contactless (RF) cards. ViVOpay uses a patent-pending,
plug-and-play Dynamic Strip™ technology to simply and cost-efficiently
upgrade a merchant's current magnetic-stripe POS to accept various
contactless payment devices, including radio frequency (RF) payment
cards and key fobs, as well as infrared (IrDA) enabled cell phones
and PDAs.
"ViVOpay
payment technology provides acquirers and ISOs with the opportunity
to differentiate product and service offerings, and gain additional
revenue," said Jeffrey Klores, Vice President of Eastern US Sales
for ViVOtech. "They can also help their merchants take advantage
of the benefits of RF-based contactless payment, including more
convenience, fast service with greater security."
"Global
Payments is pleased to offer contactless payment card processing
solutions from ViVOtech and to add ViVOpay to our extensive list
of third party certified products," said Director of Product Integration,
Jill E. Gapper. "By assisting our merchants to easily upgrade existing
POS systems they are saving the time and expense of implementing
a new system," she added.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic
transaction processing services to merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies
and multi-national corporations located throughout the United States,
Canada and the United Kingdom and Europe. Global Payments offers
a comprehensive line of payment solutions, including credit and
debit cards, business-to-business purchasing cards, gift cards,
Electronic Benefits Transfer (EBT) cards, check guarantee, check
verification and recovery, terminal management and funds transfer
services.
About
ViVOtech
ViVOtech enables more than 30 million existing (and new) merchant
point-of-sale systems with rapid, scalable and cost-effective deployment
of secure contactless cards and cell phone payment capabilities.
ViVOtech has more than 10 patents pending on various enabling technologies.
The company is privately held with its headquarters in Santa Clara,
CA. ViVOtech's management and advisory board includes former executives
from First Data Corp, Citibank, Diebold, Intuit, McCaw Cellular,
Mervyns, VeriFone and Visa International/USA.
For
More Information Contact:
Carmella Lyman, ViVOtech Inc.
Phone: 530-546-5488
clyman@vivotech.com
ViVOtech
and ViVOpay and are registered trademarks of ViVOtech, Inc. Other
brand and product names are registered trademarks or trademarks
of their respective holders.
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