Company: MagTek Inc.
The eDynamo has a dual interface, making it compatible with both Microsoft Windows operating systems and BLE-enabled devices. When connected in mobile mode via BLE, the device's low energy consumption extends the life of its rechargeable battery. When used in fixed POS environments, the eDynamo draws continuous power from the USB port of the primary processing device.
MagTek noted its card reader authenticators are built for maximum security using MagneSafe Security Architecture (MSA), a multilayered security that uses strong encryption, tokenization, counterfeit detection, tamper recognition, data relevance and integrity, and dynamic digital signatures. A key feature of MSA is its use of MagnePrint, a patented card identification technology based on the unique physical properties of individual magnetic stripe cards.
"Years ago, before high-profile breaches or the current push to EMV, we saw a need to transition devices away from static cardholder data in the clear," said Andy Deignan, Vice President and General Manager, OEM Solutions at MagTek. "EMV delivers dynamic payment card data, but the real battle in the [payments] industry is not over static versus dynamic data. It's about the future redemption value of the transaction, and EMV is not the only way to accomplish that goal." Deignan went on to say that each mag-stripe card is unique and has the ability to generate dynamic data due to its microscopic makeup. He used two pieces of paper as an example. Both might look the same, but under a microscope different patterns and fibers will appear. Similarly, MagnePrint technology can read the unique dynamic data on each card, which occurs at the moment the card is manufactured and remains unchanged throughout the life of a card.
MagTek provides a suite of software developer kits for iOS mobile, Android and Windows operating systems. The kits contain application program interfaces that can further simplify card reader integration into retail and hospitality environments while significantly reducing the costs and effort associated with EMV compliance, the company noted. The eDynamo is compatible with other MagneSafe devices and comes with versatile mounting options. It can be mounted or hand held and requires no wire management or hole drilling. An optional docking station is also available. The device is ergonomically designed for maximum first time read rate, the company stated.
Whether eDynamo is used as a mobile or countertop device, its secure card reader authenticator and contact EMV reader for chip cards enable merchants to accept mag-stripe and chip card payments. Its combination of MagnePrint and EMV technologies provide users with the enhanced card data protection, transaction security and convenience needed to secure mobile applications with strong encryption and patented card authentication.
MagTek pointed out that its newest secure card reader authenticator blends old and new technologies into a small, versatile device that provides:
In addition, the device requires no additional wires or cables, handles up to 1,000 card swipes between charges, and is compatible with computers, tablets and smartphones.
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