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Computop and MagTek Powering Secure Global Payments at the PoS; Client PAPAGENA Delivers the Companies€™ Joint Solution to Cruise Ships Worldwide

June 17, 2014



Bamberg, Germany and Seal Beach, Calif. -- Computop, a leading payment service provider (PSP), and MagTek, a global leader in retail electronic payments security technology, today announced that PAPAGENA Projects GmbH is leveraging MagTek's Point-of-Sale (PoS) terminals combined with Computop's Paygate payment processing platform as part of its PayCruise offering. PAPAGENA focuses on specialized solutions and innovations in e-commerce, e-banking and e-payment. PayCruise is an integrated payment solution for the cruise industry that can be easily integrated into a company's existing infrastructure and used worldwide without special installation costs or later updates on-board ship.

"The global cruise industry is one that is constantly expanding and innovating to hold its own in a highly competitive travel market," explained BjÖrn Schlesselmann, managing director at PAPAGENA Projects GmbH. "For that reason, it's imperative that we're able to offer companies in this space an integrated payment solution that they can completely trust, guaranteeing the necessary security for their payment processes and increasing their effectiveness. Leveraging the joint solution from Computop and MagTek underpins this for us and is an integral part of our offering."

Computop and MagTek announced their collaboration in 2012 to enable merchants to offer MagTek's PoS products with Computop's Paygate functionality. With Computop Paygate P2PE-ready, businesses around the world are well positioned to ensure their customers' card transactions are protected, as only the P2PE standard allows secure payment processing through insecure networks. By integrating the joint offering from Computop and MagTek, PAPAGENA is providing a secure, simple, global PoS payment solution to its cruise ship clients.

Ralf Gladis, CEO of Computop, said, "Together, Computop and MagTek are enabling businesses like PAPAGENA to provide support for domestic and international card payments and reduce the hassle of PCI DSS compliance for their clients, as no actual card data is received during a transaction through our joint P2PE-ready solution. This ensures a much safer transaction on all ends."

"We are excited to see the fruits of our collaboration further extending into the travel industry through PAPAGENA's use of the MagTek and Computop solution," said Steve Poulston, managing director at MagTek. "Protecting sensitive card data at the earliest point, and all the way through the transaction, is key to our success and made possible by our proven MagneSafe Security Architecture."

About Computop

Computop is a leading global payment service provider (PSP) that provides compliant and secure e-commerce, Point of Sale (PoS), m-commerce and Mail Order and Telephone Order (MOTO) payments globally. The company, founded in 1997, is headquartered in Bamberg, Germany, with local teams in the US, UK and China. Computop processes transactions totalling $9+ billion per year, for over 2800 large international merchants within industries such as retail, travel and gaming. Global customers include C&A, Fossil, Metro Cash & Carry, Samsung and TUI. In order to provide a complete multichannel solution for merchants, Computop has an international partner network and a global banking portfolio providing merchants with a seamless and secure transaction process, including its recent acquisition of assets from EOS Payment and Otto Group to provide payment services for merchants previously using the EOS Payment system.

Please visit: www.computop.com.

About MagTek

Founded in 1972, MagTek is a leading manufacturer of electronic systems for the reliable issuance, reading, transmission and security of cards, checks, PINs and identification documents. Leading with innovation and engineering excellence, MagTek is known for quality and dependability. Its products include secure card reader/authenticators, encrypting check scanners, PIN pads and distributed credential personalization systems. These products are used worldwide by financial institutions, retailers, and processors to provide secure and efficient payment and identification transactions.

Today, MagTek continues to innovate. Its MagneSafe(TM) hardware architecture leverages strong encryption, secure tokenization, dynamic card authentication, and device/host validation enabling users to assess the trustworthiness of credentials and terminals used for online identification, payment processing, and high-value electronic transactions.

MagTek is headquartered in Seal Beach, CA. For more information, please visit www.magtek.com.

For further information please contact:

Jessica Mularczyk/ Charlotte Hanson Ascendant Communications, for Computop

Tel: +1 508-498-9300 / +44 (0) 208 334 8041

E-mail: jmularczyk@ascendcomms.net / chanson@ascendcomms.net

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Source: M2 PressWIRE


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