Payments Gateway and MagTek Partner to Launch New Point-to-Point Encryption Payment Solution

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Point-to-point encryption solution helps merchants comply with PCI Security Standards while maximizing security for sensitive payment data.

By partnering with Magtek, we are able to provide secure payment processing solutions for retail, mobile, and card-not-present environments using the highest standards for hardware and encryption.

Payments Gateway and MagTek recently announced their collaboration to launch a new Point-to-Point Encryption (P2PE) payment solution, also known to some as End-to-End Encryption. As innovators in the industry, the payment processing experts at Payments Gateway are always on the lookout for new ways to provide merchants with features that are affordable, easy to use and highly secure. This new solution gives merchants the ability to prevent the loss of payment data as a result of a data breach, malware and other threats.

“We’re very excited to launch our new P2P encryption solution set as part of our overall PCI Scope minimization initiatives for merchants and developers,” said Jeff Thorness, President of Payments Gateway. “By partnering with Magtek, we are able to provide secure payment processing solutions for retail, mobile, and card-not-present environments using the highest standards for hardware and encryption.”

In today’s environment it is unfortunate than even when precautions are taken, storing or transmitting payment data details involves numerous risks, which are growing daily. Cybercriminals are increasingly targeting the payment systems of small to medium sized merchants in order to steal credit card and bank account information. As a result, these organizations are facing an increasing risk of data breaches, financial loss, reputational damage, and legal implications.    

Payments Gateway’s new P2PE solution maximizes protection and prevents data loss by encrypting payment data prior to entering an organization’s network or computer systems where it remains encrypted throughout. Leveraging the MagneSafe™ Security Architecture (MSA), card data is immediately protected at the point of swipe and is secured by 3DES encryption, DUKPT Key Management and tamper resistant designs. Card not present transactions are also supported through the use of the MagTek IPAD®, where account data is keyed into the PCI PED 2.x compliant pin-pad and encrypted before entering the organization’s systems. Encrypted data is then forwarded to the highly secure Payments Gateway platform where the data is decrypted and processed for settlement.

As an additional benefit, Payments Gateway also offers the ability to tokenize payment data which is transmitted using the P2PE solution. Tokenization of payment data is the process in which payment account information is replaced with a series of token digits which can then be used in place of payment account data in order to process future payments. Payment data is stored in the Payments Gateway platform which, as a PCI Level 1 provider, is subject to the industry’s strictest data security standards. Organizations are free to store these tokens within their systems without concern as these tokens are meaningless and useless to anyone outside of the sending organization. By tokenizing payment data, organizations are able to process recurring payments or future payments simply by sending a token in place of the sensitive payment account data. As a result, organizations are able to eliminate the need to store sensitive payment account information without sacrificing usability.

Lastly, by employing Payments Gateway’s P2PE and tokenization services, organizations can enjoy a significant reduction in costs and headaches in complying with the payment card industry’s data security standards (PCI DSS). By using P2PE, organizations are able to prevent their systems from coming in contact or transmitting un-encrypted payment data, and through tokenization, are able to eliminate the need to store cardholder information. Together, these solutions dramatically reduce organizations compliance burdens while ensuring that PCI standards are upheld and customer payment data is protected by the industry’s strictest standards.

“Every MagTek product and service is designed, developed and produced to provide the highest level of security available to the payments industry “, said John Arato, vice president retail business unit for MagTek. “By supporting Payments Gateway with their P2PE payment solution, we continue to demonstrate our commitment to deliver security solutions that go beyond compliance and enable our clients to deliver best in class transaction security.”

About Payments Gateway:
At Payments Gateway we understand how critical payments are to any organization, which drives us to develop and continually evolve one the most popular and innovative payment processing solutions on the market. Payments Gateway provides organizations of all types and sizes a flexible, reliable and cost effective tool for automating and managing their payment processing functions.

The role of Payments Gateway continues to expand as we strive to provide customers with first-class Performance and Reliability, Secure and Compliant Payments, Adaptive Technologies, a Broad Array of Solutions including a Complete Range of Payment Types, and Competitive Transparent Pricing with no surprises.

From credit cards to electronic checks, point-of-sale to the Internet, or payments via phone or fax, Payments Gateway is the only payment processor your business will ever need. Organizations can work directly with Payments Gateway and join the thousands of satisfied customers throughout North America which depend on Payments Gateway to process millions of transactions each and every month. Additional information about Payments Gateway can be found at http://www.paymentsgateway.com.

About MagTek:
Since 1972, MagTek has been a leading manufacturer of electronic devices and systems for the reliable issuance, reading, transmission and security of cards, checks, PINs and other identification documents. Leading with innovation and engineering excellence, MagTek is known for quality and dependability. Its products include secure card readers, check scanners, PIN pads and distributed credential issuing systems. These products are used worldwide by financial institutions, retailers, hotels, law enforcement agencies and other organizations to provide secure and efficient electronic payment and identification transactions.

Today, MagTek continues to innovate with the development of a new generation of security centric products secured by MagneSafe™. By leveraging strong encryption, secure tokenization, real time authentication and dynamic payment card data, MagneSafe products enable users to assess and validate the trustworthiness of credentials used for online identification, payment processing, and other high-value electronic transactions.

MagTek is based in Seal Beach, California and has sales offices throughout the United States, Europe, and Asia, with independent distributors in over 40 countries. For more information, please visit http://www.magtek.com.

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Jay Alsup
Payments Gateway
(469) 675-9946
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