Jan 14, 2008 Leader in Airport Retailing The Paradies Shops Picks ViVOtech Contactless Payment Technologies For All US and Canadian Locations
Leader in Airport Retailing The Paradies Shops Picks
ViVOtech Contactless Payment Technologies For All US and Canadian Locations
Makes speedy and convenient payments
available to over half-billion travelers annually
SANTA CLARA, Calif.
January 14, 2008 —
ViVOtech, the leader in Near Field Communication (NFC) and contactless payment
systems, today announced that The Paradies Shops, the nation's leading airport
concessionaire has selected ViVOtech contactless payment terminals for their
over 500 retail stores in over 60 airports and hotels across the U.S. and
Canada. Using ViVOtech technology, The Paradies Shops will be able to offer the
more than half-billion travelers it serves each year quicker payment options
and greater convenience in their travel shopping experience. The new ViVOtech
units accept both traditional payments such as magnetic stripe transactions and
new contactless and NFC mobile phone payments.
"The Paradies Shops was
looking for a customer-facing solution that would enable us to support new
contactless payment programs as well as the latest emerging technologies like
NFC mobile payments. However, we also had to support traditional magnetic
stripe payments that are in use by most consumers," said
Lou Bottino, Senior Vice President and Chief
Operating Officer, The Paradies Shops. "ViVOtech was not only very
responsive to our needs, but delivered a single solution that accepts multiple
payment options that fit our needs with minimal impact on our existing POS
equipment. We look forward to offering this service to the traveling public
later this year.”
The Paradies Shops will
accept contactless cards and fobs, in addition to traditional magnetic-stripe
payment cards, at all of the check-out counters of its specialized,
one-of-a-kind stores and nationally-recognized retail brands. The Paradies
Shops’ family of brands includes a wide variety of store concepts from
newsstands to specialty gift shops, to exclusive brands as Brooks Brothers, PGA
TOUR Shops, CNBC, Brighton Collectibles, and The New York Times bookstores.
"We are very excited to
have been selected by Paradies shops to provide their retail stores with the
ability to take contactless payments" said
Mohammad Khan, President and
Founder, ViVOtech. "This further strengthens our commitment to retailers
and their consumers to improve the check out experience. The Paradies’ customer
-- the traveler on the go -- will greatly benefit from the choice, speed and
convenience that contactless payments have to offer."
ViVOtech will be showcasing
its contactless and mobile phone payment solutions at the National Retail
Federation (NRF) annual convention, January 13-16 in
New York City
at booth# 306.
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 worldwide. With more than 350,000 units deployed
in 27 countries, ViVOtech products are used at movie theaters, fast food
restaurants (QSR), casual dining establishments, convenience stores, gas
stations, drug stores, grocery stores, buses, taxicabs, kiosks and vending
machines, enabling a wide variety of businesses to accept contactless/NFC
payments and promotions. ViVOtech is privately held and investors include First
Data Corporation,
Motorola,
NCR, Nokia, Alloy Ventures, Draper Fisher Jurvetson, and an undisclosed Fortune
500 company.