eProcessing Network Secures Transactions Anywhere, Anytime with MagTek's MagneSafe m20 Secure Card Reader
April 20, 2009 (PRLEAP.COM) Business NewsSEAL BEACH, Calif. – April 20, 2009 - MagTek®, Inc., a global leader in secure electronic payment technology, today announced that eProcessing Network, an industry-leading payment gateway based in Houston, TX, has certified the MagTek MagneSafe m20 portable secure reader for use with its Online Terminal. The MagneSafe m20 joins MagTek's MagneSafe BT-90 bluetooth reader as an eProcessing Network-supported secure card reading solution. Cardholder data captured by both devices is further secured using encryption, decryption and authentication services from Magensa™, LLC.
Ideal for payments where cable or wireless connections are not accessible, the MagneSafe m20 is a secure reader that offers faster mobile transactions by safely storing up to 70 transactions with a single reader. It leverages the card swipe to securely capture and save data, facilitating lower transaction fees by executing an electronic transaction with card present. With the MagneSafe m20, merchants can encrypt card data at the moment of swipe. The encrypted information can then later be retrieved by eProcessing Network's Online Terminal to verify amounts and process transactions. With security features that exceed the requirements for card data protection and transaction security, the m20 offers the convenience demanded by today's on-the-go merchants.
"Last year's introduction of MagTek's Bluetooth reader was a big hit with our MSPs and ISOs," said Steve Sotis, President of eProcessing Network. "Adding the MagneSafe m20 units to our product mix further enables the mobile merchant with increased flexibility while never compromising security or reliability. The compact device allows us to sell a cost effective mobile product to several merchant segments that require on-the-go transaction processing with the peace of mind MagTek is known for."
"We are delighted to have eProcessing Network certify and support the MagneSafe m20 along with the MagneSafe BT-90," said John Arato, vice president, MagTek. "Together both secure readers provide the mobile flexibility many merchants need for secure payment transactions that adhere to PCI DSS compliance requirements. These devices assure that cardholder data is never in the clear because each transaction is encrypted from the moment the card is swiped."
The m20 and BT-90 are part of MagTek's MagneSafe family of secure readers which offer superior protection for wireless, brick and mortar POS, and online transaction applications. Providing an additional layer of security known as MagnePrint, MagneSafe secure readers can also authenticate payment cards to ensure it is not counterfeit or altered. Using MagneSafe readers, eProcessing Network can offer a solution ideal for mobile merchants, retailers and service providers who require freedom and flexibility with the confidence of a secure, fast and convenient transaction payment experience.
eProcessing Network transactions are further secured through secure card authentication, data encryption and data decryption processes delivered by Magensa. Magensa services surpass the stringent requirements of the Payment Card Industry Data Security Standard (PCI DSS), the Cardholder Information Security Program (CISP) and Payment Application Best Practices (PABP) without significant up-front system changes or investments.
To learn more about MagTek's MagneSafe secure readers and Magensa solutions, please visit the Magensa booth No. 553 at the ETA 2009 Annual Meeting and Expo, April 21 through 23, 2009 at the Mandalay Bay Convention Center in Las Vegas.
About eProcessing Network
eProcessing Network, LLC is a software development company specializing in secure, real-time transaction processing services and support. The eProcessing Network Payment Gateway processes merchant transactions using each merchant's own credit card, ACH/check and/or shipping account. Headquartered in Houston, Texas, eProcessing Network is certified to process a comprehensive suite of electronic payment transactions through many processing platforms, including First Data, Global Payments, Paymentech, TSYS, Elavon and CrossCheck, Its integrated solutions are also certified through MagTek, AT&T, FedEx and the U.S. Postal System. eProcessing Network is a registered Visa USA Third Party Service Provider and is compliant with the PCI Data Security Standard. For more information, go to www.eprocessingnetwork.com
Magensa's remote-hosted ASP services and card authentication devices enable businesses, financial institutions, and government agencies to integrate PCI DSS and FFIEC compliant multifactor authentication and data encryption capabilities into their existing websites and processing environments without the need for substantial investment or changes to their existing infrastructure. Magensa is specifically tailored to enhance the security of applications such as Online Banking, Online Brokerage, e-Commerce, and ATM utilizing the magstripe card credentials (tokens) that an institution has already issued to their customers or members. Magensa is powered by the proven card authentication technology known as MagnePrint® (www.magneprint.com). MagnePrint provides the capability to distinguish an authentic magstripe financial card from an altered or counterfeit version.
Founded in 1972, MagTek, Inc. is the leading provider of technology that makes electronic transactions safer, speedier and more comfortable. With its secure card readers, dependable check scanners, instant card personalization, robust PIN management, and identity verification systems, the company's products and components are used today in thousands of companies around the world. Every day, at supermarkets, gas stations, banks and credit unions, restaurants, casinos and hotels, on airplanes and timeclocks, in ATMs, kiosks and POS terminals you may not see the MagTek logo, but the odds are great that you'll use one of their products. MagTek is based in Seal Beach, Calif. and has sales offices throughout the United States, Europe, and Asia, with independent distributors in over 40 countries. For more information, please visit www.magtek.com.