White Paper Press Release

FREE WHITEPAPER - "RF-BASED CONTACTLESS PAYMENT: A MORE CONVENIENT WAY TO PAY"

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 6, 2003) - As all of the major card associations launch contactless payment initiatives, Radio-Frequency (RF)-based contactless payment systems have quickly become the latest trend in the payment industry. With the positive results achieved in early implementations, market momentum is building and widespread deployments are commencing in many geographic markets. ViVOtech™, a provider of contactless payment solutions for existing and new point-of-sale (POS) systems, has published a white paper that provides a comprehensive description and explanation of this breakthrough contactless technology.

RF-based contactless payment devices (cards or key fobs) allow consumers to quickly and easily pay for transactions "with a wave." In early implementations, consumers liked the RF-based contactless payment devices because of its ease of use, increased speed and control of transactions.

"Consumers feel very comfortable paying with RF devices instead of cash because it is faster and more convenient," said Mohammad Khan, president and COO of ViVOtech. "As a result, retailers are seeing increased revenues, as consumers spend more per transaction and transact more frequently."

ViVOtech's white paper provides a comprehensive description of RF-based contactless payment, including:

• How RF-based contactless payment systems work.
• What retail applications can be implemented as RF-based contactless transactions.
• What benefits retailers will see from implementing an RF-based contactless system.
• Why it's easy and fast to enable existing retailers to start accepting contactless payment cards.
• What opportunities are emerging for acquirers and ISOs to take advantage of this new technology.
• What technologies have been used for RF-based contactless payment

The new RF-based contactless solution -- and ViVOtech technology -- is already being implemented. In late 2002, ViVOtech commenced a partnership with MasterCard International to deploy ViVOpay™ terminals for an Orlando, Florida-based trial of MasterCard PayPass™, a new contactless payment program that provides consumers with a simpler way to pay. ViVOtech is enabling several merchants in the trial, including gas stations, convenience stores and fast food restaurants, with proximity technology.

ViVOtech provides a unique contactless payment solution, lowering the risk to the retailer and acquirer by leveraging the existing installed payment infrastructure and allowing implementations to start with a small investment. The ViVOpay™ contactless payment terminal can be quickly and easily installed, enabling retailers to accept RF-based contactless credit cards in minutes and providing acquirers and ISOs with an enhanced payment solution for their customers.

ViVOtech's white paper will be available at ViVOtech's booth # 1306 at the Card Tech Secure Tech Conference (CTST) Conference, in Orlando, Florida, May 12-15, where ViVOtech's contactless payment solutions will be demonstrated. The white paper is also available for a free download on the ViVOtech's web site at www.vivotech.com/white_paper.

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

Download the White Paper here: www.vivotech.com/white_paper

ViVOtech and ViVOpay and are registered trademarks of ViVOtech, Inc. Other brand and product names are registered trademarks or trademarks of their respective holders.