NEW YORK, Feb. 25, 2014 /PRNewswire/ -- EVO Payments International (EVO), a leading payment service provider operating in the United States, Canada and Europe, and MagTek, a global leader in retail electronic payments security technology, today announced an agreement to incorporate MagTek's products and services to bolster further EVO's payment security offerings.
The arrangement enables MagTek's security solutions and hardware to deliver a proven, dynamic security offering to EVO's partners and merchants to protect all types of payment transactions. MagTek's multi-layered approach to security combines the MagneSafe Security Architecture (MSA) with Magensa™, its fraud prevention, detection and advisory service that includes decryption, tokenization, device and card authentication services, and the Global MagnePrint Exchange. This powerful combination of assets protects and authenticates sensitive card data during online identification and payment transactions giving EVO's partners and merchants immediate best-in-class security across all of EVO's geographic and vertical markets.
"To further our mission to be the most trusted and innovative partner in the payments industry, it is crucial for EVO to form partnerships with providers who can help ensure the security of all EVO partners and merchants," said Jeff Rosenblatt, President of EVO Payments International. "MagTek is an ideal partner for EVO given their ability to create products that read and transmit payment information securely and reliably."
"We are excited about the opportunity to provide equipment and security solutions to support EVO's end-to-end payment transaction program," said John Arato, Vice President of MagTek's retail business unit. "Our products and services are designed specifically to perform reliably and provide maximum protection for devices, cardholder and PIN data for merchants of all sizes."
About EVO Payments International, LLC
EVO Payments International, LLC is a leading payments service provider of merchant acquiring and processing solutions for merchants, Independent Sales Organizations (ISOs), financial institutions, government organizations, and multinational corporations located throughout the United States, Canada and Europe. A principal member of VISA and MasterCard, EVO offers an array of innovative, reliable and secure payments solutions, backed by an uncompromising commitment to exceed the needs of its customers and partners. Visit www.evopayments.com for more information about the company and its services.
Founded in 1972, MagTek is a leading manufacturer of electronic systems for the reliable issuance, reading, transmission and security of cards, checks, PINs and identification documents. Leading with innovation and engineering excellence, MagTek is known for quality and dependability. Its products include secure card reader/authenticators, encrypting check scanners, PIN pads and distributed credential personalization systems. These products are used worldwide by financial institutions, retailers, and processors to provide secure and efficient payment and identification transactions.
Today, MagTek continues to innovate. Its MagneSafe™ hardware architecture leverages strong encryption, secure tokenization, dynamic card authentication, and device/host validation enabling users to assess the trustworthiness of credentials and terminals used for online identification, payment processing, and high-value electronic transactions.
MagTek is headquartered in Seal Beach, CA. For more information, please visit www.magtek.com.
SOURCE EVO Payments International