Industry Updates
ViVOtech, Maker Of NFC Hardware, Software & Services, Is Shutting Down (Update: ViVOtech Says “Restructuring”)
ViVOtech, a near field communication (NFC) software and systems company, is shutting down operations due to cash-flow problems. This, despite having raised nearly $100 million in outside funding over the past decade.
Isis mobile pay service may start trials in August
Isis, a joint venture among Verizon Wireless, AT&T;, and T-Mobile USA, will likely start trials of its mobile-payment service in August, according to a person familiar with the launch plans.