Identiv Labs Delivers Contactless Vending Payment Solution

FREMONT, CA -- Identiv Inc., a security technology company based here, said it has partnered with CCV Deutschland, a German provider of electronic payment products, to develop a solution for unattended contactless payments.

The network-connected readers are said to provide quick and convenient credit card payments at vending machines and other unattended points of sale without the need for signature or PIN authorizations.

The new system also accepts next-generation NFC payment through smartphones. Identiv supplied CCV with the required contactless reader modules, certified to EMV level 1, for its level 2-certified micropayment solution. The modules are compatible with Identiv's uTrust TS readers, enabling customers in commercial, government and consumer markets to leverage a range of existing credentials for closed loop payments.

CCV said its contactless payment solution is currently live with several customers, including in vending machines, restaurants, toll booths and public transit ticket machines.