ViVOtechs new ViVOpay 8100 terminals accept traditional swipe cards with magnetic stripes, chip cards, contactless cards, and NFC-enabled mobile phones, as required by the Visa initiative announced last week to accelerate the migration to Eurocard-MasterCard-Visa (EMV) contact and contactless chip technology in the United States.
The industry association Smart Card Alliance estimates annual PCI-DSS fraud-protection validations cost businesses more than USD 2 billion a year.
The new ViVOpay 8100 includes ViVOtech NFC checkout technology that enables merchants to accept and process coupons, personalized offers, loyalty programs and payments through the merchants proprietary mobile applications.
With the ViVOpay 8100, consumers insert, swipe or tap their payment cards, or tap their NFC mobile phones to pay or electronically redeem a coupon or discount voucher. The device also accepts Personal Identification Number (PIN) entry for secure debit transactions. Combined with ViVOtechs mLoyalty, coupons, and social networking software, the ViVOpay 8100 allows merchants to deliver personalized services to customers NFC-enabled mobile phones.
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