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MagTek Receives Technology Innovation Award from the Electronic Transaction Association

Saturday 29 April 2006 09:53 CET | News

MagTek has been awarded the 2006 annual â€ÅTechnology Innovation Award” by the Electronic Transactions Association (ETA) in recognition of MagTek’s achievement and leadership in the payment industry. MagTek was selected for its innovative product MagnePrint.

MagnePrint is a card authentication technology which allows any magnetic stripe card to be recognized as a unique and non-reproducible security token. MagnePrint addresses the risks of online banking “Phishing” as well as “Skimming” at the point of sale, by offering strong two-factor authentication using existing ATM, Debit, Credit and Gift Cards.


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Categories: Payments & Commerce
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Countries: World
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Payments & Commerce