Topic “Vivotech”

Two Board Members Resign as OTI Agrees to Special Shareholders Meeting in Proxy Fight

Nov 26 2012

Two members of the board of Israel-based On Track Innovations have resigned, following pressure from dissident shareholders seeking to capture control of the board of the financially struggling contactless and NFC supplier.

OTI Faces Takeover Attempt by Dissident Shareholders

The second-largest shareholder of Israel-based contactless and NFC vendor On Track Innovations is keeping up the pressure as he and his allies wage a battle for control of the company against its board and co-founder, Oded Bashan.

Vivotech Ends Operations as Sequent Buys Remaining Software Business

U.S.-based startup Sequent has acquired what appears to be the remaining operational assets of former contactless reader and NFC software vendor Vivotech, purchasing Vivotech’s software unit.

NFC Company Vivotech Moves Closer to Liquidation

U.S.-based Vivotech is moving closer to liquidation, with the NFC company confirming that it recently entered into an assignment for the benefit of creditors agreement, a process by which the company’s assets would be sold to pay creditors.

Vivotech Sells Its Contactless Reader Business

Vivotech announced today it has sold its reader business to U.S.-based ID Tech, a maker of contactless, magnetic-stripe, bar code and other readers and PIN entry devices.

Reader and NFC Software Vendor Vivotech to Cease Operations

Jul 30 2012

U.S.-based contactless reader and NFC software vendor Vivotech has told employees that it plans to cease operations, NFC Times has learned.

Wentker Departs Visa; Bains Leaves GSM Association

Dave Wentker, considered the No. 2 man in Visa Inc.’s mobile-payment unit and a former vice chairman of the NFC Forum, has left the payment network after more than 15 years, NFC Times has learned.

Vivotech Announces New Funding Round as it Seeks to Capitalize on M-Commerce Buzz

Contactless reader and NFC software vendor Vivotech announced today a new funding round, which it said brings the amount of its total venture capital financing to nearly $100 million over more than 10 years.

Isis Announces Terminal Vendors as It Seeks to Spotlight M-Commerce Applications

Mar 9 2012

The Isis mobile operator joint venture has announced that four major point-of-sale terminal and contactless reader vendors have licensed its mobile-commerce application, as the venture gears up for its soft launch in two cities this summer.

Vivotech Seeks Break Out with Help from New Funding Round

While U.S.-based Vivotech has not been profitable during its first 10 years, investors in its latest funding round apparently believe the vendor is well-positioned to take advantage of the Google-style push for NFC-based mobile commerce.

HEADLINE NEWS

Apple Testing Loyalty Feature; Google Expected to Expand Payments for Home Device

NFC TIMES Exclusive – As they struggle with low user adoption of their respective wallets in the U.S., Apple and Google are seeking to add more features, hoping to increase transactions, NFC Times has learned.

Taiwan Chief Banking Regulator Reveals Apple Pay Card Adds; Samsung Launches Early Access in Country

NFC TIMES Exclusive Insight – The chairman of Taiwan’s banking regulator, the Financial Supervisory Commission, Wednesday revealed just how fast a start Apple Pay got on the island nation, following its launch of the mobile payments service there in late March.

Analysis: Cook Touts Apple Pay's 'Phenomenal Traction,' but Figures–or Lack of Them–Tell Another Tale

NFC TIMES Exclusive Insight – Apple CEO Tim Cook, with typical enthusiasm, touted Apple Pay’s “phenomenal traction” yesterday in a conference call with analysts. But with one exception, he again failed to release any actual transaction figures for the mobile payments service, while also apparently overstating the contactless and NFC acceptance footprint in the U.S.

Analysis: Enabling HCE Payments in Stand-Alone Wallet Vs. Mobile-Banking App? A Look at Ukraine

NFC TIMES Exclusive – Banks planning to launch host card emulation-based mobile payments have a decision to make: Should they incorporate the payments feature in their mobile-banking apps or introduce a separate wallet app.

Samsung ‘Officially’ Launches First Pays Service in Nordics and Middle East; Expands Beta to Two More Countries

NFC TIMES Exclusive Insight – Samsung today said it had “officially” launched its mobile payments service, Samsung Pay, in Sweden and the United Arab Emirates after “early-access launches” in these countries, making it the first of the global “Pays” wallets to fully launch in either the Nordics or the Middle East.

‘Pays’ Not Enough: Two Singaporean Banks to Expand P2P Apps to In-Store Payments Using QR Codes

NFC TIMES Exclusive Insight – Two of Singapore's major banks–both of which are participating in all three of the “Pays” wallets–Apple Pay, Samsung Pay and Android Pay–are expanding their peer-to-peer payments services to in-store payments using QR codes.

More German Banks to Commercially Launch HCE-Enabled Payments

NFC TIMES Exclusive – At least two German banks plan to follow the country's largest bank by assets, Deutsche Bank, in offering host card emulation-based mobile payments to their customers, NFC Times has learned.

PayPal Will Use Discover Acceptance Infrastructure and Tokenization for In-Store Payments with Android Pay

NFC TIMES Exclusive – PayPal will use the Discover Financial Services acceptance infrastructure and tokenization for its move to in-store payments with Android Pay, NFC Times has confirmed.

Samsung Pay Nears Launch in Taiwan; Android Pay Expected to Follow

NFC TIMES Exclusive – Samsung Pay is expected to launch next month in Taiwan, followed by Android Pay, as the two global “Pays” wallets gear up to compete with Apple Pay on the island nation, NFC Times has learned.

Analysis: Following Delays, PayPal ‘Soon’ to Launch Next Attempt at In-Store Payments using Host Card Emulation

NFC TIMES Exclusive Insight – PayPal and Google announced a deal that promises to finally bring HCE payments to U.S. PayPal account holders, after delays–enabling users to pay with PayPal through Android Pay.

Vendor Blames Certification Woes for Slow Rollout of Payments Wearables

NFC TIMES Exclusive – A costly and time-consuming payments wearables certification process is a major contributor to delays in payments wearables getting into the hands of more consumers, Israel-based On Track Innovations’ director of marketing and head of innovations Nir Barr told NFC Times.

With Apple’s NFC Technology Locked, Denmark Tries BLE for Payments

NFC TIMES Exclusive – With Apple showing no signs of backing off its policy of restricting use of its NFC technology to Apple Pay only, banks and payments services providers are looking for ways to enable their iPhone-packing customers to pay with their phones in stores, especially in countries where Apple Pay hasn’t yet launched.