A standard feature of Magensa Web Services is protecting transactions and securing against rogue devices. Magensa provides authentication for personal electronic devices including payment terminals, PIN encrypting devices, card and check readers, and card issuing units. Legitimate devices can be identified and authorized for use while rogue devices can be identified and stopped before they are used to commit fraud.

Protect your data from redirection. Magensa uses Digital Signatures whichwork much like a hand signature for verification with added security.

Diagrams outlining the stages of authentication. Enhance your user experience with secure mutual authentication for mobile and online transactions. The secure card reader authenticator is a secure hardware token that performs mutual authentication to the web or mobile apps and host, guarding against automated phishing bots and scripts, transparently and securely logging users into their stored accounts.

If it can’t be authenticated, it can’t be trusted! In any financial transaction system, you want to know with a high degree of certainty who you’re dealing with, how your privacy is protected, where the money is coming from and going to, how much is at stake, and what’s your recourse if something unexpected occurs. In short, you want to trust the system. How can trust be established? At MagTek we believe its by a combination of things, including cryptography, tokenization, and authentication, which happens to be the strongest of them all.

MagneSafe is a digital identification and authentication architecture that safeguards consumers and their personal data. Designed to exceed PCI regulations, MagneSafe leverages strong encryption, secure tokenization, counterfeit detection, tamper recognition, data relevance and integrity, and dynamic digital transaction signatures, which together validate and protect the entire transaction and each of its components. A key feature of MagneSafe is MagnePrint® card authentication, a patented, proven technology which reliably identifies counterfeit credit cards, debit cards, gift cards, ATM cards and ID cards at the point of swipe, before fraud occurs. MagneSafe’s multi-layer security provides unmatched protection and flexibility for safer online transactions.

The payment industry is caught up in a security quandary. The PCI DSS has provided a set of rules in an attempt to shore up protection of cardholder data and improve the overall security of the payment system. But the new regulations, system changes, documentation, audit requirements, and threat of financial penalties have imposed new burdens on merchants and payment intermediaries prompting some to question whether the gain is worth the pain. Whereas convenience was once the hallmark of credit, debit and ATM card networks, these days regulatory issues, liability concerns, and financial costs that now extend well beyond interchange fees have dampened the mood of card accepting retailers to the point where cash and checks look more appealing. Now merchants and other payment system intermediaries are being asked to invest even greater sums in technology to further secure the cardholder. Will these investments payoff or invite more oversight, regulation and needless cost?