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Table of Contents

Lead Story

Simple ways to better your business

News

Industry Update

Feds place chokehold on banks, processors

Apple changes app rules to include virtual currencies

Square ditches mobile wallet, offers cash advances

Features

Your next third-party partner: Friend or foe?

mPOS shaking things up

ISOMetrics:
Alternative payments gaining momentum

Views

A fresh look at chargeback insurance

Gene Lieb and Laura Kaiser
Business Financial Resources

Education

Street SmartsSM:
Auto-pilot and self reflection

Tom Waters and Ben Abel
Bank Associates Merchant Services

TRO/asset freeze: The FTC's nuclear option

Michael Thurman
Thurman Legal

Is that a terminal or a PIN pad?

Dale S. Laszig
DSL Direct LLC

Top five legal issues in the MCA industry

Andrew T. Hayner
Jaffe, Raitt, Heuer & Weiss P.C

Company Profile

Chargebacks911

New Products

Dynamic POS suite

DynaPro, DynaPro Mini
MagTek Inc.

FI-proven platform for merchants

SmartVista for Retailers
BPC Banking Technologies

Inspiration

Discovery leads to delight

Departments

Readers Speak

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

June 23, 2014  •  Issue 14:06:02

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New Products

Dynamic POS suite

Product: DynaPro, DynaPro Mini

MagTek Inc. recently launched the DynaPro suite of payment terminals designed to deliver optimum security to mobile and brick-and-mortar merchants. The DynaPro retail POS and DynaPro Mini mobile POS have each undergone rigorous security certifications to meet the needs of small- to enterprise-level businesses, MagTek stated.

"DynaPro devices immediately encrypt data at the point of swipe, using industry standard encryption and eliminate the burden associated with proprietary encryption systems," said John Arato, Vice President and General Manager for Retail Products at MagTek. According to Arato, with DynaPro devices, sensitive card and PIN data is never "in the clear," and with the MagnePrint card authentication feature, ATM, debit, credit and gift cards can be authenticated in real time, just as counterfeit or cloned cards can be identified to deter criminals.

MagTek reported that the DynaPro Mini handheld device fits both countertop and mobile environments. Restaurants are able to expedite checkout when using it for pay-at-table service or line busting during peak hours. It also permits merchants to process in-person payments in the field for deliveries or when rendering services on-site.

With a slightly larger footprint, the DynaPro is considered the work horse in the series. Both devices can be configured to support signature capture, Europay/MasterCard/Visa (EMV) contact and contactless, magnetic stripe and PIN payments. MagTek noted that "free of charge SDK's for Android, iOS and Windows and a wide range of connectivity options including Bluetooth 4.0, USB or Ethernet, ensures a solution for most applications."

Additional benefits of the DynaPro suite include:

Device deployments can either be configured by the MagTek factory or Magensa, its wholly owned subsidiary and service provider for Remote Key Injection and device configuration. MagTek attested that both devices are certified as Payment Card Industry PIN Transaction Security 3.1, and Point of Interaction Secure Reading and Exchange of Data compliant; both also meet EMV Level 1 and 2 specifications.

www.magtek.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services