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Table of Contents

Lead Story

The FTC nabs MPI: A cautionary tale for ISOs

News

Industry Update

Visa's changes muddy interchange waters

Cynergy finds synergy in Abanco gateway

Visa may publish list of registered ISOs

Features

AgenTalkSM:
Bart Kohler

Deterring ATM ram raids

Tracy Kitten
ATMmarketplace.com

Views

Forging ahead with PCI PED

Bulent Ozayaz
VeriFone

Education

Street SmartsSM:
The POS system buzz

Dee Karawadra
Impact PaySystem

PCI priority: No agent left behind

Michael Petitti
AmbironTrustWave

All-star processing – Part II: Retaining your MVPs

Marcelo Paladini
Cynergy Data

Card Association rules to work by – Part II

David H. Press
Integrity Bankcard Consultants Inc.

Steer clear of sales pitfalls

J. David Siembieda
CrossCheck Inc.

E-wallets: Worth the risk?

Theodore F. Monroe et al.
Attorneys at Law

Company Profile

Amacai Information Corp.

New Products

Holy grail in a Bluetooth card reader

MagneSafe P55 card reader
MagTek Inc.

Kiosk revs up fast food delivery

iOrder food service kiosk
VeriFone

Inspiration

Prepare for the worst, plan for the best

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

May 14, 2007  •  Issue 07:05:01

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New Products

Holy grail in a Bluetooth card reader

Product: MagneSafe P55 card reader

Mobile merchants err when they accept cards on the road and process them later back at the castle. Many already have Bluetooth-enabled cell phones, but they still need swipe capability to get real-time card authorization - the holy grail of electronic payments.

MagTek Inc.'s MagneSafe P55 is the first card reader to incorporate Bluetooth wireless capability. Small enough to fit into a pocket or the palm of a hand, the P55 gives mobile merchants a secure method for accepting payments on the road. The reader establishes bidirectional communications with a PC or mobile phone that uses Bluetooth.

The wireless interface and security features offer convenience and card data protection at the same time. The unit's battery supports hundreds of card swipes and can be recharged from a USB port or five-volt source.

Like other Bluetooth devices, the P55 provides a range up to 10 meters (approximately 33 feet) and is approved by the Federal Communications Commission.

The P55 uses 3DES encryption and derived unique key per transaction (DUKPT) key management. Data from tracks 1, 2 and 3 are encrypted so no sensitive information is available to the user or the local application.

The reader provides abbreviated clear text data, conveying the partial personal account number, name and expiration date for the local application and for visual verification by the user.

Multiple formats support legacy POS applications. The reader reports its status and the status of track data. A counter value that cannot be reset reports the number of transactions.

The device also receives and encrypts a session ID, which can be used for bilateral authentication of the client/host and to validate time-bound transactions. Clear text readouts permit local verification of message integrity.

The enclosure is designed to reveal if it has been opened or otherwise tampered with; even if opened, encryption keys reportedly cannot be extracted.

The P55 may also be used to enable strong, secure multifactor authentication for Web sites engaged in online banking and e-commerce, as well as provide data security for retail POS transactions.

Adding real-time authorization to mobile payments isn't chivalry; it's just good business sense.

MagTek Inc. 800-421-5208 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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