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Carson, CA – April
7, 2008 – Magensa, an application
service provider of credential,
hardware, and website authentication
systems for secure online banking
and e-commerce functions, announced
today that it has joined the PCI
Security Standards Council as a new
participating organization. As a
Participating Organization, Magensa
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 International,
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, Magensa 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 PCI
DSS represents an entity’s best
protection against data criminals.
By joining as a Participating
Organization, Magensa will
contribute its experience and
expertise developing secure, speedy
and convenient payment transaction
solutions that benefit consumers,
merchants, acquirers, associations
and issuers.
“The PCI Security Standards Council
is committed to helping everyone
involved in the payment chain to
protect consumer payment data,” said
Bob Russo, General Manager of the
PCI Security Standards Council. “By
participating in the standards
setting process, Magensa
demonstrates they are playing an
active part in this important end
goal.”
”Magensa is committed to the
development of technologies,
products, and services that enable
secure payment transactions for
retailers, financial institutions,
and consumers,” said Larry Meyers,
Business Development Manager of
Magensa. “As a participating
organization of the PCI Security
Standards Council, we look forward
to contributing towards the
development of advanced security
standards that protect consumer
payment data, and provide benefits
to all segments of the payment
infrastructure,” concluded Mr.
Meyers.
For more information on Magensa’s
application services of credential,
hardware, and website authentication
systems, please visit Magensa at
Booth #2051 at the 2008 RSA
Conference at Moscone Center in San
Francisco, April 7-11, 2008.
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About Magensa
Magensa is an application service
provider of decryption and
authentication services that allows
retailers to quickly implement
PCI-DSS compliant payment systems at
both POS retail locations and
e-commerce websites. Magensa’s
solutions utilize secure magstripe
readers that encrypt data at the
point of swipe to protect cardholder
personal information, and MagnePrint,
a card authentication technology
that detects the use of counterfeit
(skimmed) cards. Together these
features provide token-based
multifactor authentication for
secure access to online activities.
Retailers gain simplified PCI-DSS
compliance that can be implemented
without the need for substantial
investment or changes to their
existing payment processing
infrastructure. For more
information, please contact Magensa
at 877-624-3672 or visit us on the
web at
www.magensa.net
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 |
