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October 05, 2006:
Central Payment Corporation announces a plan to enter the contactless payments arena
Central Payment Corporation announces a plan to enter the contactless payments arena. Our contactless reader of choice is the ViVOtech ViVOpay 4000. Visa, MasterCard, Discover, AMEX and most manufacturers support this new evolution and Central Payment Account Executives will be well equipped to properly handle interested merchants.
"Our advanced contactless system delivers the ease and flexibility that allows seamless upgrades in existing environments, accelerating the acceptance of contactless payments and setting a new milestone for ViVOtech in the market." said Mohammad Khan, president & COO for ViVOtech.
"We are always looking for cutting edge technology like the VIVOpay 4000, products like this help facilitate a speedy transaction which ultimately helps all merchants to process more revenue" said Tommy Chang, Director of Account Operations at Central Payment Corp.
ViVOpay 4000 is designed to accept contactless payments such as MasterCard® PayPassTM, ExpressPayTM from American Express®, and Visa® Contactless. Measuring just 5 inches (unfolded), or 2.5 inches (folded) with a width of 4.2 inches. The ViVOpay 4000 makes it possible for retailers to seamlessly upgrade their systems by simply mounting the new device to any POS (point of sale) terminal. As a result, retailers obtain the benefits of a single physical point of interaction environment for consumers providing speed and convenience for a rapid checkout without cluttering their counter space.
About ViVOtech
ViVOtech, a leader in lifestyle payment transactions, provides breakthrough software technology that allows consumers to make contactless payments in a style that best fits their needs – with a radio frequency (RF) enabled credit or debit card in various form factors, an infrared/RF enabled cell phone, PDA or an access card at existing point-of-sale (POS) systems. ViVOtech's software allow banks, retailers, merchant acquirers and wireless operators to offer a choice of preferred payment devices to target their customers such that they enjoy a convenient, secure and fast payment experience and in turn benefit from additional revenue and cost savings. 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 is defining the new wave of money with its innovative and cost effective solutions helping you make contactless payments that are faster than cash, safer than checks. ViVOtech is headquartered in Santa Clara, Calif., with offices in Europe and Asia.
For more information on ViVOtech please visit www.vivotech.com.
About Central Payment Corporation
Central Payment Corp is a leading provider of transaction processing services. As one of the fastest growing payment processors in the country, we are committed to personal service, competitive pricing and solutions to help businesses grow and become more profitable. Headquartered in Marin County California, CPC provides credit card processing and a host of other electronic payment solutions to more than 30,000 small, medium and large businesses across the United States. For additional information, please call 415-462-8335 x7117 or visit www.centralpaymentcorp.com.