Media Contact: Carlos Morales Marketing Manager MAGENSA, LLC p 310-669-6335 carlos.morales@magensa.net
San Francisco, CA February 5, 2007 – MAGENSA™, a Trusted Verification Authority (TVA) providing secure online credential authentication services, will showcase its secure Internet Banking and e-Commerce technology at the RSA Conference and Exposition at the Moscone Convention Center in San Francisco on February 5th – 8th.
MAGENSA enables the existing magstripe financial cards in consumers’ wallets today to be used as powerful and unique security tokens. MAGENSA delivers a comprehensive platform that complies with PCI DSS and FFIEC requirements for multifactor authentication and data encryption, an ideal authentication platform for securing Internet e-Commerce and online financial transactions, such as Internet Banking and Online Brokerage. A key factor that sets MAGENSA far apart from the competition is that MAGENSA enables data federation across multiple financial institution domains and channels, eliminating the need to carry multiple FOBs or security tokens. MAGENSA will also showcase its new MagneSafe™ P55 portable card reader authenticator, that provides consumers with website authentication, token authentication, data encryption, and card read capabilities.
The MagneSafe P55 is a portable USB magstripe card reader authenticator device that is small enough to fit in a pocket or travel bag. The P55 represents a revolutionary convergence of security technologies that provide secure website authentication, token-based multifactor authentication, MagnePrint card authentication technology, “card present” magstripe data, and 3DES data encryption all in one device. It provides consumers with a portable device that allows for secure Internet Banking and e-Commerce anytime, anywhere.
“Consumer, Business, and Government entities are recognizing the need for both multifactor authentication and website authentication to protect consumers during access to online financial and e-Commerce transactions. At the same time, e-Merchants are recognizing the need for data encryption and “card present” magstripe card data to secure e-Commerce payment transactions and reduce transaction costs,” says Annmarie “Mimi” Hart, President and CEO, MAGENSA, LLC. As an additional layer of security, MagneSafe readers further protect consumers by authenticating that they are safely connected to a trusted website,” continued Ms. Hart.
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. MAGENSA complements MagnePrint with integrated support for MagneSafe™ card readers, end-to-end data encryption, MagneScore™ authentication server, and encrypted databases. When combined with a username, password, and MagneSafe readers, MAGENSA’s remote-hosted services and technology simplify the overall efforts associated with the development, integration, and certification of a card-based multifactor authentication system using encrypted data. MAGENSA can seamlessly connect its services to existing infrastructure via Internet or Private networks to reduce time to market as well as implementation costs.
MAGENSA is a licensee of MagnePrint®, MagneSafe™ and MagneScore™ technologies from MagTek®, Inc.
To learn more about this powerful card authentication technology, please visit us at the RSA Conference at the MAGENSA Booth #2546.
About MAGENSA
MAGENSA is a Trusted Verification Authority (TVA) providing secure online credential authentication services, including multifactor authentication for all magstripe-based cards using MagnePrint card authentication technology, end-to-end data encryption, and website authentication. For more information on MAGENSA, please visit www.magensa.net.
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