What is MagneSafe?
MagneSafe is a
digital identification and authentication architecture
that proects consumers and their personal information.
Made to exceed PCI regulations, MagneSafe offers strong
encryption, secure tokenization, counterfeit detection,
tamper recognition, data relevance and integrity, and
dynamic digital transaction signatures, which together
validate and protect the entire transaction and each of
its components.
A key feature of
MagneSafe is MagnePrint® card authentication: a
patented, proven technology which reliably detects
counterfeit credit cards, debit cards, gift cards, ATM
cards and ID cards at the point of swipe, before fraud
occurs. MagneSafe’s multi-faceted security allows
for unrivaled security and flexibility for safer online
transactions.
What is SCRA?
The
industry is spending large amounts of money on PCI
compliance and while many argue that compliance
measurement is only part of the solution and genuine
security should be the goal, few have deeply analyzed
the issue and presented options that would truly
ensure the security of cardholders and their personal
data. To date, PCI mandates have only focused on
the first half of the solution – making data acquisition
harder. To restore confidence and convenience to the
payment system, we must make stolen data very difficult
to use.
The following terms describe the
evolution of card reading technology and how new
technologies have led to tougher security implemented to
stop data breaches and the trafficking of stolen
cardholder data.
MSR - Magnetic Stripe
Reader reads ISO/AAMVA encoded data and transmits
clear text cardholder data.
SCR - Secure Card
Reader reads ISO/AAMVA encoded data, encrypts the
data and transmits clear text cardholder
data.
SCRA - Secure Card
Reader Authenticator -reads ISO/AAMVA encoded
surface layer data, reads the magnetic particulate layer
below, encrypts the data within the tamper resistant
authentication sensor and transmits the encrypted
cardholder data along with the stripe’s dynamic digital
identifiers (DI) for card and cardholder data
authentication during the transaction authorization
process ONLY MagneSafe secured devices fit this
description.
How does MagneSafe Provide a Layered
Approach?
Industry experts concur that a layered
approach is the most effective one for security, and
MagneSafe offers the layers needed in one
easy-to-implement, scalable solution. SCRAs provide true
end-to-end encryption, with the encryption occurring
within the reader, along with tokenization formatting
capabilities.
Encryption and tokenization are
preventative measures that assist
in protecting cardholder data, at rest and in
motion, and at various points through the payment
process. Encryption and Tokenization however, do not
protect cardholder data that exists outside of the
network. Here data is widely available from other data
capture locations such as pocket skimmers, unattended
gas pumps, phishing and pharming sites, and telephone
scammers.
The multi-layer security of MagneSafe
adds the unmatched protection both cardholders and
relying parties need through sophisticated card, device
and data authentication methods that assure a valid
transaction.
SCRAs deliver dynamic payment card data
(digital identifiers or DI), and magnetic card stripe
fingerprinting (MagnePrint) which provides counterfeit
detection, counters skimming attempts and halts
fraudulent transactions in real-time. No other security
device in the market today is able to do everything that
MagneSafe does in one easy to implement, scalable,
cost-effective solution.
MagneSafe SCRAs transform the existing
magnetic stripe card into a highly secured payment and
identification token with proven ability to identify
counterfeit cards and prevent card fraud.
How does MagneSafe
Prevent Card Fraud?
When a card-present transaction is
submitted, the MagnePrint of the card read at the
transaction point is transmitted along with the card and
other transaction data. The MagnePrint risk management
tool compares the ‘transaction MagnePrint value’
to a ‘reference MagnePrint value’
already present in the authorization database,
calculates the degree of correspondence (the match
value) between the two values, and makes a judgment
about the card’s authenticity based on all available
transaction information, including the match value.
During one test, a run of a million
transactions with an acceptance threshold set at 0.5
resulted in a “false accept” rate of zero, that is all
attempts to process fraudulent cards were thwarted, and
the resulting “false reject” rate was only 0.027
percent.
In comparing a given
‘transaction MagnePrint value’ to its
‘reference MagnePrint value’, the
scoring algorithm assigns a match value between zero (no
match) and one (perfect match).
The authorization methodology allows
each relying party to select an acceptance threshold
between zero and one for its transactions, or even to
specify a threshold that varies according to the
characteristics of the transaction (e.g., more stringent
for higher-dollar transactions originating from a fraud
prone merchant).
![[ Home ]](images/banner_08.gif){kind=small}
![[ Software ]](images/banner_09.gif){kind=small}
![[ Hardware ]](images/banner_10.gif){kind=small}
![[ Complete Systems ]](images/banner_11.gif){kind=small}
![[ About Us ]](images/banner_12.gif){kind=small}
![[ Download ]](images/banner_13.gif){kind=small}
![[ Free Quote ]](images/banner_14.gif){kind=small}
