ViVOtech’s breakthrough technology is driving next generation electronic payments worldwide. With the company’s technology, customers can make contactless payments with radio frequency (RF) enabled credit cards, access cards and infrared cell phones at existing point-of-sale (POS) systems. Up until now, contactless payments faced an insurmountable obstacle to growth – billions in cost to replace or upgrade the installed base of 30 million merchant POS terminals. ViVOtech solutions upgrade existing magnetic stripe POS terminals in minutes so they can accept contactless payments – payments that are faster than cash, safer than checks. Customers simply wave their contactless cards or point their cell phones or PDAs to make a payment transaction. Using ViVOtech’s enabling plug and play technology, financial institutions, wireless operators and retailers, can increase revenues significantly.