Travel and Hospitality Leader Faber, Coe & Gregg Chooses ViVOtech Integrated Contactless & Magnetic-Stripe Payment Acceptance Solution
Millions of customers on-the-go experience quicker payments with greater convenience at airports, train stations, highway rest stops, and major hotels
SANTA CLARA, Calif. January 13, 2008–ViVOtech, the leader in Contactless and Near Field Communication (NFC) mobile phone payment systems, today announced that travel and hospitality leader Faber, Coe & Gregg Inc. (Faber) has chosen ViVOtech integrated contactless and magnetic-stripe payment readers, ViVOpay 4500m, to be used at all of its food & retail store locations on the east coast of the U.S. Using ViVOtech technology, Faber Coe & Gregg will be able to offer travelers a quicker payment option and greater convenience in their travel shopping experience.. Customers will also be able to hold on to their payment cards and self-swipe or tap them on ViVOtech readers to make payments–eliminating any danger of leaving their cards behind with cashiers while on-the-go. The new ViVOtech units accept both traditional payments, such as magnetic stripe transactions, and new contactless and NFC mobile phone payments.
“ViVOtech presented us with the best solution not only to accept fast and convenient contactless and emerging NFC mobile phone payments, but also to allow customers to self-swipe their own magnetic-stripe cards in the same customer-facing readers, without having to hand over the card to cashiers,” said Burton Friedman, Chief Financial Officer of Faber. “Faber customers are always on-the-go and ViVOtech technology allowed us to provide the speed, convenience, and security they need no matter what payment method they choose.”
Faber operates nationally-recognized retail brands in airports, train stations, highway rest stops and hotels on the east coast of the U.S. Contactless payment will be accepted at all of the check-out counters of their food and retail stores. The Faber family of brands includes a wide variety of national retailers, newsstands, and café shops such as Hugo Boss, Cubavera, Diamond Fire, Taxco, L’Occitane, Faber News Now, Dunkin Donuts, Java Moon, Cuban Coffee, Seattle’s Best Coffee, Wetzels Pretzels, Pizzeria Uno Express, and Sandella’s Flatbread Café.
“Faber understands the strong value of our integrated payment acceptance solutions to provide a better shopping experience to the millions of customers it serves on-the-go annually,” said Mohammad Khan, President and Founder of ViVOtech. “Speed and convenience through contactless and self-swipe magnetic-stripe transactions will provide great instant gratification for travelers and the future has a lot more to offer them as NFC mobile phone payments and promotions become widely available.”
Faber is using the ViVOpay 4500m device as an intelligent payment reader that features advanced contactless functionality in a flexible architecture. It provides for a single point of acceptance for all transactions from contactless and magnetic-stripe cards to emerging NFC mobile phones. It is capable of remote firmware downloads for application updates and upgrades, protecting capital investment and facilitating future advanced NFC-enabled payment, marketing and promotion functionality.
ViVOtech will be showcasing its contactless and mobile phone payment solutions at the National Retail Federation (NRF) annual convention, January 11-14 in New York City at booth # 2423.
Faber began as a well respected group of purveyors and manufacturers of high quality cigars and tobaccos. Beginning with the original American Indian Cigar Store, they established tobacconist shops in the developing urban Northeast. Faber secured its first airport retail newsstand contract at JFK International Airport in 1954. Today, Faber’s experience extends to all segments of the travel and hospitality industry. Faber has a presence in airports, train stations, interstate thruways and major hotels. For over 160 years, Faber has been providing customers with exceptional service and products.
ViVOtech (http://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 all over the globe and today the company has shipped over 450,000 contactless terminals to more than 33 countries worldwide. In 2007 & 2008, ViVOtech has been named #1 in ABI Research’s Contactless & NFC Reader Ranking Report. ViVOtech was also recognized as Top Contactless Payment Technology Vendor in Aberdeen Group’s “Retail Contactless Payment Report.” ViVOtech has received strategic investments from First Data Corporation, a leading provider of electronic and payment solutions for businesses worldwide, Citi, the leading global financial services company, NCR Corporation, a leading global technology company helping businesses build stronger relationship with their customers and Motorola, known globally for innovation and leadership in wireless and broadband communications.