Founded in 1972, MagTek is a leading manufacturer of electronic systems for the reliable issuance, reading, transmission and security of cards, checks, PINs and identification documents. Leading with innovation and engineering excellence, MagTek is known for quality and dependability. Its products include secure card reader/authenticators, encrypting check scanners, PIN pads and distributed credential personalization systems. These products are used worldwide by financial institutions, retailers, and processors to provide secure and efficient payment and identification transactions.
Today, MagTek continues to innovate. Its MagneSafe™ Security Architecture leverages strong encryption, secure tokenization, dynamic card authentication, and device/host validation enabling users to assess the trustworthiness of credentials and terminals used for online identification, payment processing, and high-value electronic transactions.
VISION : To bank, shop, work, play, communicate and exchange services in a safe and worry-free environment.
MISSION : We deliver MagneSafe™ secured devices and services across the globe to governments, financial institutions, merchants, and parties committed to safer transactions. Our fraud fighting solutions are simple, practical, scalable and cost effective. We strive to protect the identity, privacy, assets, and safety of our customers and their customers.
· MagTek is the most experienced and innovative provider of secure transaction technology to the payment card industry.
· MagTek provides PCI-compliant products that process, encrypt, tokenize and authenticate millions of magnetic card transactions daily, facilitating over a trillion dollars of world-wide commerce each year.
· MagTek leads the payment industry’s campaign to wipe out counterfeit card fraud, saving banks, processors, merchants and consumers billions of dollars annually, effectively eradicating an entire category of crime.
MagTek is based in Seal Beach, California and has sales offices throughout the United States, Europe, and Asia, with independent distributors in over 40 countries.