February 28, 2012, 1:23 PM

Computop joins forces with MagTek to integrate mobile Point of Sale capabilities into Paygate 5.0

Payment Services Provider collaborates with MagTek to develop mobile Smart Phone and Tablet POS solutions

New York, USA, & Bamberg, Germany – February 28, 2012 – Computop, a leading payment service provider (PSP), today announced a partnership with card solutions provider MagTek Inc. The partnership will enable merchants to implement a fully integrated multichannel solution for payments that includes: PoS, e-commerce, call centre and mobile payments. MagTek provides card readers, cheque readers/scanners, PIN Pads and MagnePrint® credential authentication technology for retail that will bring significant added value for retailers when combined with the Computop Paygate solution.

Under the partnership, both companies will work together to develop PoS terminals that are able to work securely worldwide, and enable merchants to offer Paygate services across their complete estate – both online and in store.

Ralf Gladis, CEO of Computop, said; “We are delighted to be working with MagTek and are looking forward to combining their PoS solutions with our Paygate 5.0 platform to make processing card payments a simpler and more secure process for retailers.

“Initially we will be developing products which could enable mobile smartphone and tablet POS solutions – so watch this space.”

Steve Poulston, managing director, MagTek, says, “This partnership will open up a whole host of benefits for Computop customers.  For instance, by integrating technologies, we could remove the burden of PCI DSS compliance for merchants, as they would not need to receive actual card data during a transaction.  All possibilities are being explored within the labs.”

Both companies plan to be ready to announce the first fruits of this collaboration in Spring 2012.

About the Computop Paygate platform

Computop Paygate is a multichannel payment platform that provides online retailers with secure payment solutions and efficient fraud prevention for international markets. With just one interface needed, Computop Paygate allows online retailers to get access to dozens of international payment systems, and includes fraud prevention for North America, Europe and Asia. Leading e-commerce solutions from the likes of Demandware, hybris, Magento and Oxid all support Computop Paygate as a preferred payment service solution for global payment processing.  In addition, Computop Paygate has been integrated into SAP's Business ByDesign business software to provide secure global payment processing.

About Computop

Computop is a payment service provider (PSP) that was founded in 1997 and is headquartered in Bamberg, Germany.  The company has global customers such as Fossil, C&A, Samsung and TUI and has offices located in North America and Europe.  Computop’s Paygate PCI-compliant hosted payment solution supports all non customer present payments, including telephone, online and mobile.

For further information please visit: www.computop.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 and real time authentication, 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.magtekeurope.com/.                               

For further information please contact:

USA:

Jessica Mularczyk

Ascendant Communications

Tel: 508-498-9300

E-mail: jmularczyk@ascendcomms.net

UK:

Charlotte Hanson

Ascendant Communications

Tel: +44 (0) 208 334 8041

E-mail: chanson@ascendcomms.net

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