MagnePrint® Risk Management Services
Maintain security and prevent fraud while increasing consumer confidence with solutions that go beyond current PCI DSS compliance measures.
Magensa.net offers MagnePrint Risk Management Services as the next level in data security in card-present transactions. MagnePrint is a card security technology that detects skimmed or magnetically altered counterfeit cards. Magensa.net’s authentication and registration services identify fraud at the point of swipe allowing you to stop fraud, counter skimming attempts and notify law enforcement instantaneously.
By developing and maintaining a shared, accessible, fraud information database of authentication information, financial institutions, retailers, businesses and governments or any participant in the authorization process can assess the validity and trustworthiness of the credentials and products they rely upon in the course of online identification, payment, and other important electronic transactions.
Card Credential Registration Services
Registration is the backbone to authentication and can be implemented easily without the need to re-issue cards.
Card credentials can be registered with Magensa.net at the point of issuance or in the field. MagneSafe™ technology makes in the field registration possible by transmitting the authentication data at every point of swipe. The database becomes populated over the course of time during normal use, eliminating the need to re-issue cards. The database then becomes a reservoir of registered information for all credentials and provides the basis for authentication.
Card Credential Authentication Services
Card authentication allows any participant in the payment process to affirm the physical card is genuine and has not been cloned or altered.
Magensa.net uses the MagneSafe security architecture to safeguard consumers and their personal data. A key feature of MagneSafe is MagnePrint card authentication, a proven technology which counters skimming and identifies counterfeit credit cards, debit cards, gift cards, ATM cards and ID cards. Card authentication delivers security using premier technology.
Authentication Scoring Services
Once card credentials are registered, transactions can be scored based on the authentication data created at the point of swipe. Although each swipe creates a unique value, or a dynamic digital identifier (DI), they can be assessed and scored against the intrinsic characteristics that correlate to the registered card. These risk management decisions have been deliberately left in the hands of the relaying party, so that each can establish its own thresholds that are prudent in the context of its own business and its own customers.Dynamic Digital Identifiers
MagnePrint transforms the encoded cardholder data – data that is static by nature – and makes it dynamic, much like a one-time password. Dynamic Digital Identification (DI) delivers unique data, each time a card is swiped based on the cards’ MagnePrint. No two are ever repeated, and they can never be fabricated due to its natural, unique characteristics, providing the best in counter skimming solutions. The MagnePrint or DI is represented as 54 bytes of dynamic data. It is this constantly changing value that transforms the magnetic stripe card into a unique, dynamic token.Two-factor Authentication
Two-factor Authentication provides a more secure vehicle for data access protection and is recommended by the FFIEC. This layer of security is made possible by combining dynamic card authentication (something you have which cannot be duplicated) with a password (something you know).Device/Mutual Authentication Services
Legitimate devices can be identified and authorized for use while rogue devices can be identified and stopped before they are used to commit fraud.
Magensa.net provides authentication for electronic devices including, payment terminals, PIN encrypting devices, card and check readers, servers, and card issuing units. Learn more.
Fraud Alerts and Reporting Services
Magensa.net delivers alerting and reporting services that can help prevent theft.
Our real-time fraud alerts protect you from charge backs, tampering, illegal (rogue) devices, unauthorized devices, replays, expired sessions, counterfeit cards, illegal and out of pattern usage preventing fraud, and providing a true return on investment. Magensa.net also provides the best in custom analytical reporting so you get the information you need, when you need it, saving countless time and resources. Our team of experts will work with you to determine the most critical elements for your specific transactional needs.
Contact a representative today to discuss your unique needs and to get a custom package created for detection, prevention and real-time fraud alerting.