First Data, NCR Invest in Mobile Payments Technology

Published August 07, 2007, 7:45 p.m. EDT

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Updated August 27, 2020, 1:43 a.m. EDT

1 Min Read

SANTA CLARA, Calif. – ViVOtech, the provider of mobile payments systems for cell phones, said yesterday it raised $22.5 million in new capital from a group including First Data Corp., NCR Corp., Nokia Growth Partners and Miven Venture Partners. ViVOtech is one of the leaders in mobile payment technologies, including contactless read/write terminals for merchants, and Near Field Communications mobile phone payments. The company is working to commercialize the use of pay-by-cell phone.

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