June 25, 2017 4:36 AM ET

Electronic Equipment, Instruments and Components

Company Overview of MagTek, Inc.

Company Overview

MagTek, Inc. manufactures electronic devices and systems for the issuance, reading, transmission, and security of cards, checks, PINs, and other identification documents. The company offers secure card reader authenticators that deliver dynamic card authentication, data encryption, tokenization, and device/host authentication to protect customers from identity theft and card fraud; and card personalization and issuance products to produce personalized debit, credit, and gift cards, as well as to verify PIN transactions. It also provides PIN entry and management solutions, including PIN encrypting devices; small document scanners for auto and single-feed operations; and transaction security p...

1710 Apollo Court

Seal Beach, CA 90740

United States

Founded in 1972

Phone:

562-546-6400

Fax:

562-546-6301

Key Executives for MagTek, Inc.

Chairman, Chief Executive Officer and President
Vice President of Marketing and Vice President of Communications
Senior Vice President of Sales & Marketing
Executive Vice President of Sales & Business Development
Vice President Retail Business Unit, Vice President of Sales and General Manager for Retail Products
Compensation as of Fiscal Year 2016.

MagTek, Inc. Key Developments

Payment Alliance International and MagTek to Offer Secure Transactions in US

Payment Alliance International (PAI) has selected MagTek’s tokenisation solution to offer secure and convenient cardless ATM and mobile payment transactions in the US. Under the partnership, MagTek's QwickCodes will be deployed across PAI's countrywide network of over 74,000 ATMs. QwickCodes enables users to pay for goods and services at stores and online, or to access cash from ATMs, without compromising sensitive payment information. To make cardless transactions, consumers need to generate a unique QwickCodes by swiping their payment card at ATM and a one-time, disposable account number and PIN will be created. QwickCodes Mobile Wallet runs on a PC or Apple iOS device together with a MagneSafe card reader.

MagTek, Inc. Appoints Sam Kamel as EVP of Sales & Business Development

MagTek, Inc. announced that Sam Kamel has joined MagTek's executive management team as EVP of Sales & Business Development. In his new role, Sam will report to Mimi Hart, MagTek's president and CEO, where he will lead the sales team in MagTek's drive for new markets, new customers and heightened revenue levels. He has extensive experience in high profile organizations and a proven track record. He most recently worked with Ingram Micro and while there helped lead the company through a rapid phase of growth and diversification.

MagTek, Inc. Launches Its eDynamo, Card Reader for Both Magnetic Stripe and Contact Emv Cards

MagTek, Inc. announced the launch of the eDynamo, MagTek's newest EMV L1/L2 certified, secure card reader authenticator for magnetic stripe and contact EMV payment cards. The eDynamo is designed for any size merchant needing a hand held, rugged payment device that can also be deployed in a countertop-mounted docking station for more traditional use cases. As a USB or wireless device, the eDynamo provides a flexible card accepting solution across many popular operating systems and computing platforms. This provides the merchant with the ease and flexibility to deploy PC or tablet-based point-of-sale solutions without sacrificing security or a rugged design. The eDynamo is built on the MagneSafe™ Security Architecture (MSA) featuring immediate encryption of sensitive card data using open-standards encryption with DUKPT key management which auto generates single use encryption keys per transaction. Additionally, eDynamo features MagnePrint® technology which has been proven to identify counterfeit cards in real-time and further mitigating risk of payment fraud. The eDynamo can be used with a variety of computing platforms including iOS, Android, and Windows®-based computers. Connectivity options include USB, and Bluetooth 4.0 (Bluetooth Low Energy or BLE). MagTek has developed a wide variety of programming tools and software developer kits to streamline integration efforts. The eDynamo is an ideal device to help merchants achieve PCI and EMV compliance, enable speedier check-outs with line busting during peak hours, perform mobile or more traditional countertop payments for an affordable price.

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