DAYTON, Ohio - NCR Corp. has made a minority investment in Silicon Valley-based ViVOtech Inc., provider of payment terminals and software, to incorporate ViVOtech's contactless-payment and near-field communications systems into its next-generation platforms. NCR says it also will collaborate with ViVOtech for distribution deals of the technology.
According to a news release, ViVOtech's contactless payment systems, combined with its other technologies, including NFC-related mobile payments, promotions and over-the-air provisioning software, allow consumers to make a wide range of contactless payments and identify themselves as they conduct self-service transactions.
NFC technology provides short-range wireless connectivity that enables mobile phones to electronically interact with payment systems for a variety of transactions, including those at the point of sale, ATMs and kiosks.
As part of the deal with NCR, ViVOtech will supply contactless technology and NFC-mobile-transaction software for a variety of NCR's current solutions on a global basis.
