MagTek Joins PCI Security Standards Council as Newest Participating Organization

MagTek to Participate in Key Standards Setting Body Protecting Payment Cardholder Data

MagTek, Inc., a global leader in electronic payments technology, announced today that it has joined the PCI Security Standards Council as a new participating organization. As a Participating Organization, MagTek will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards.

The PCI DSS, endorsed by American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa Inc., requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity. More information on the council and the standard can be found at www.pcisecuritystandards.org

As a Participating Organization, MagTek will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a growing community that now includes more than 400 organizations. In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against data criminals. By joining as a Participating Organization, MagTek will contribute its experience and expertise developing secure transaction technology for over 35 years.

“The PCI Security Standards Council is committed to helping everyone involved in the payment chain protect consumer payment data,” said Bob Russo, General Manager of the PCI Security Standards Council. “By participating in the standards setting process, MagTek demonstrates they are playing an active part in this important end goal.”

“MagTek is committed to continuously develop technologies and products that enable secure payment transactions for the benefit of retailers, financial institutions, and ultimately, the consumers,” said Mrs. Annmarie “Mimi” Hart, President and CEO of MagTek. “This is not only our commitment but our responsibility,” concluded Mrs. Hart.

About MagTek

Since 1972, MagTek has been a world leader in electronic transaction technology, from magnetic stripe card readers and writers to high-accuracy MICR check readers and scanners, secure PIN issuance and cardholder verification systems. MagTek also offers MagneSafe™ readers, a family of secure readers providing card data encryption, card authentication, plus device and user authentication. The MagneSafe readers are powered by MagnePrint®, a breakthrough card authentication technology that transforms any magstripe card into a unique and verifiable token, allowing immediate detection of altered or counterfeit cards. MagTek’s products are in use today at point-of-sale (POS) and back-office locations in thousands of retailers and financial institutions around the world. MagTek is based in Carson, California and has sales offices throughout the United States, Europe, and Asia, with independent distributors in over 40 countries. For more information, please visit www.magtek.com.

About PCI Security Standards Council

The mission of the PCI Security Standards Council is to enhance payment account security by fostering broad adoption of PCI security standards. For more information, please visit www.pcisecuritystandards.org

Contacts

MagTek, Inc.
Carlos Morales
Marketing Manager
310-699-6335
carlos.morales {at} magtek(.)com
or
PCI Security Standards Council
Glenn R. Boyet
781-876-6248
gboyet {at} pcisecuritystandards(.)org