Thales, MagTek deliver open source mPOS solution for independent payment gateways

Thursday 14 November 2013 10:34 CET | News

French provider of information systems and communications security Thales and US manufacturer of electronic devices and systems MagTek have entered an agreement to launch an integrated open source mobile payment solution that turns a merchant smartphone or tablet into a secure mobile payment system, allowing acceptance of credit or debit card payments.

The combined solution from MagTek and Thales delivers a portable card acceptance service with end-to-end security. Thales payShield 9000 hardware security modules (HSMs) deployed at the payment gateway integrate with MagTek’s DynaPro card acceptance device to establish point-to-point-encryption (P2PE).

MagTek DynaPro Mini is a multi-functional handheld device supporting both magnetic stripe and EMV Chip and PIN card transactions and meets PCI P2PE encryption requirements.

MagTek is a member of the Thales Alliance for Solution and Application Providers (ASAP) program. MagTek provides card readers, cheque readers/scanners, PIN Pads and MagnePrint credential authentication technology for retailers.

Thales e-Security, part of the Thales Group, provides data encryption and cyber security solutions to the financial services, technology manufacturing, government and technology sectors. Thales e-Security has offices in France, Hong Kong, Norway, US and the UK. Thales is a global technology provider for the defence & security and the aerospace & transport markets.

In recent news, Thales and Spire Payments, a provider of electronic payment solutions, have entered a strategic relationship to deliver an integrated mobile payment solution enabling merchants to adopt mobile point-of-sale (mPOS) systems that support PIN based transactions, including the use of EMV chip cards.

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Keywords: Thales, MagTek, open source, mPOS, independent payment gateways, mobile payments, DynaPro, ASAP, EMV chip and PIN, Thales payShield 9000
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce