PRESS RELEASE: August 10, 2010
ViVOtech Offers Voltage Security End-to-End Encryption for Its Contactless Payment Systems
Joins Voltage SecureData Open License
SANTA CLARA, Calif. – August 10, 2010 – Silicon Valley-based ViVOtech, the leader in Near Field Communication (NFC) mobile payments, loyalty and marketing applications and contactless NFC readers, and Voltage Security™, the global leader in end-to-end data protection, today announced that ViVOtech is implementing a Voltage-powered end-to-end encryption point-of-sales (POS) solution in its ViVOpay line of industry-leading contactless NFC payment terminals.
ViVOtech also announced it has joined the Voltage SecureData Open License Program as it dramatically lowers the barrier to implementing end-to-end encryption on POS devices, Electronic Cash Registers (ECRs), mobile payment devices and eCommerce Payment platforms. By using Voltage SecureData, ViVOtech solutions will provide merchants with a wider set of data protection solutions, incorporating end-to-end encryption and tokenization that significantly reduces the Payment Card Industry Data Security Standard (PCI DSS) audit scope and meets or exceeds the recently published Visa Best Practices for Data Field Encryption and Tokenization.
“We are excited to work with Voltage on providing this expanded level of end-to- end security for our merchants and their payment providers. Voltage offers a strong track record of working with leading acquirers and merchants in the payment space,” said Mohammed Khan, president and founder of ViVOtech.
“ViVOtech is a leading innovator in the area of contactless and mobile payment systems. At Voltage our goal is to secure the payment stream across all device implementations, including contactless, mobile and other next generation solutions. Our hardware independent technology allows us to work in an easy, seamless way that provides maximum-strength security with a minimum of administrative hassle,” said Doug Dwyre, vice president of business development for Voltage Security.
ViVOtech payment solutions are powered by Voltage’s breakthrough Format-Preserving Encryption™ (Voltage FPE) and Voltage Identity-Based Encryption™ (Voltage IBE) technologies, which dramatically simplify the deployment and administration of encryption and key management, offering the following advantages:
- Cardholder data is encrypted immediately at point of capture and remains protected end-to-end until card hand-off.
- Key management is simplified – no need to inject keys into devices or manually rotate encryption keys.
- End-to-end encryption can be applied across the widest range of form factors.
Voltage end-to-end payment security solutions are available integrated with a variety of hardware platforms and as a software-only implementation for e-commerce. For a full list of Voltage payment partners please visit: www.voltage.com/partners/payment.htm.
About Voltage Security
Voltage Security, Inc., an enterprise security company, is an encryption innovator and global leader in end-to-end data protection. Voltage solutions, based on next generation cryptography, provide end-to-end encryption, tokenization, masking and simplified key management for protecting sensitive information such as card holder data. Voltage products enable reduction in PCI audit cost with rapid implementation and the lowest total cost of ownership in the industry through the use of award-winning cryptographic solutions, including Voltage Identity-Based Encryption™ (IBE) and a new breakthrough innovation: Format-Preserving Encryption™ (FPE). Offerings include Voltage SecureMail™, Voltage SecureData™, Voltage SecureFile™ and the Voltage SecureMail Network™ (VSN), an on-demand managed service for the extended business network.
As a service to the industry and general public, the company maintains the Voltage Data Breach Index and Map which is continuously updated with global data breach information: www.voltage.com/data-breach. The Company has been issued several patents based upon breakthrough research in mathematics and cryptographic systems. Customers include Global 1000 companies in banking, retail, insurance, energy, healthcare and government. To learn more about Voltage customers and sign up for the customer news letter please visit www.voltage.com/customers.
ViVOtech (www.vivotech.com) is the leading end-to-end enabler of next-generation mobile payments, loyalty and marketing solutions. ViVOtech provides mobile payment solutions, mobile marketing and loyalty applications software for existing mobile devices, as well as Near Field Communication (NFC) enabled mobile handsets, Over-The-Air (OTA) provisioning infrastructure software, NFC smart posters and contactless terminals. ViVOtech’s products are used by most prominent retailers all over the globe; the company has shipped more than 725,000 contactless and NFC payment terminals to more than 35 countries. In 2009, ViVOtech received the prestigious Frost and Sullivan North American Smart Cards Product Line Strategy of the Year Award. In 2010, ViVOtech received the 2010 Mobility Award for its NFC mobile ViVOwallet software, Smart Card Alliance Award “Outstanding Smart Card Achievement” (OSCA) Award for Innovation in Payments Technology and the Contactless Intelligence “Monkey” Awards for Competitive Advantage through Technology used by Citi Tap and Pay NFC Pilot. ViVOtech’s investors include Citi, First Data Corporation, Motorola Ventures, NCR and Nokia Growth Partners.
Voltage Identity-Based Encryption, Voltage Format-Preserving Encryption, Voltage SecureMail, Voltage SecureFile, Voltage SecureData and the Voltage SecureMail Network (VSN), are registered trademarks of Voltage Security, Inc. All other trademarks are property of their respective owners.