ViVOTech parts ways with its mobile payment unit

Mobile Commerce

Company announces the selling of its ViVOpay unit ViVOTech, a software developer for NFC-based mobile payment and marketing systems, has parted ways with its NFC technology reader unit this week. The ViVOpay unit was largely responsible for the development and deployment of mobile payment systems. The unit has been acquired by ID Tech, a smart card and contactless reader manufacturer. ID Tech has not provided financial information concerning the acquisition, but claims that the ViVOpay unit will serve to augment the company’s endeavors in providing valuable mobile commerce systems to…

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