MagTek and WorldPay Align to Protect Cardholder Data and Minimize Counterfeit Card Fraud

MagneSafe™ secured products and services to be certified with WorldPay

Seal Beach, CA - MagTek, Inc., a global leader in retail electronic payments security technology, today announced it will certify its Magensa gateway and MagneSafe security solution with WorldPay, the fastest growing top ten payment processor in the US. MagneSafe enabled devices and services, including the MagTek Centurion, a secure card reader authenticator, the PCI PED 2.x compliant IPAD™ and the most secure mobile payment application, QwickPAY, will be available as part of the MagneSafe integrated solution to fully encrypt and protect cardholder data.

WorldPay will directly certify to the decryption services of Magensa, MagTek's subsidiary and the world's largest open and shared registry of magnetic fingerprints for ATM, credit, debit, gift and loyalty cards. In addition, for each transaction that is decrypted through Magensa, the "Reference MagnePrint" information will be contributed. MagnePrint card authentication allows financial institutions and merchants around the world to immediately distinguish between an original and a counterfeit card; providing an effective solution to stop credit, debit and gift card fraud at the point of swipe.

Providing world-class payment processing solutions for petroleum, restaurant, grocery, and small business segments, WorldPay will be assisting those organizations currently targeted by cyber criminals. Cyber criminals commonly steal valuable card data and also use counterfeit cards for fraudulent card-present transactions.

"In addition to a goal of safeguarding cardholder data from "point-to-point", we are also taking a leadership role in helping our merchants to reduce fraud, which costs our industry billions of dollars annually," says Ian Drysdale, WorldPay senior vice president. "We are pleased to work with MagTek because their solution uses open standards, is easy to implement and has demonstrated its ability to dramatically decrease card fraud."

"We are extremely pleased to be working with WorldPay as they deploy our MagneSafe technology to secure brick & mortar and mobile POS transactions," noted John Arato, vice president of MagTek's retail business unit. "WorldPay is a Leader in the Payments Industry, and fully understands the importance of protecting its customer's data and is using a layered approach to enhancing its overall security. Additionally, the company's contribution to our Global MagnePrint Exchange Service will be of enormous value to the payment card industry as we work with other leading payment processors, financial institutions and retailers to eliminate counterfeit card fraud."

About Magensa

Magensa is the only security service provider that provides the complete set of encryption, tokenization, and authentication services that are built on open financial community standards and are PCI-DSS and FFIEC compliant. Magensa is specifically tailored to enhance the security of applications such as merchant payments, Online Banking, Online Brokerage, e-Commerce, and ATM utilizing the magstripe card credentials that an institution has already issued to their customers or members (no further enrollment required). Magensa also provides card authentication services for MagnePrint® (www.magneprint.com), which provides merchants the capability to distinguish an authentic magstripe financial card from an altered or counterfeit version – right at the point of sale. Magensa is the services operating unit of MagTek Inc, the leading financial industry product manufacturer since 1972.

About WorldPay

WorldPay is a global card payment acquiring business operating in over 30 countries which allows customers to accept card payments both at point of sale and over the internet. The company offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing.

Clients vary in size from small family run companies to large multi-national corporations, spanning a broad spectrum of industries and sectors. The company is a global leader in acquiring in the airline and gaming sectors, pioneered the implementation of Chip & PIN in the UK, and is the largest off premises ATM processor in the US.