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TrustCommerce and MAGENSA Deliver Simplified PCI Compliance with End-to-End Data Encryption

(April 24, 2007)--TrustCommerce, specialist in secure, reliable, and innovative Payment Processing Solutions, proudly introduces our new line of products entitled TC SMART Products. TC SMART Products remove, secure, and protect cardholder sensitive data throughout the lifecycle of the transaction.

TC SMART Products presents the TC POS Vault, which allows merchants to securely and reliably process POS transactions and payments by fully encrypting all cardholder sensitive data.

MAGENSA is a Trusted Verification Authority (TVA) providing unprecedented secure online credential authentication services for data encryption and multifactor authentication.

MAGENSA is powered by the proven card authentication technology known as MagnePrint. MagnePrint differentiates a legitimate magstripe card from an altered or counterfeit version transforming any magstripe payment card currently in circulation into a powerful and unique security token that authenticates a cardholder.

MAGENSA’s services are unique in that they deliver four key technologies to streamline the adoption of PCI DSS and/or FFIEC in one single platform.

Multifactor authentication for secure log-in to any Internet site
Website authentication
End-to-end data encryption
Authentic “Card Present” swiped magstripe card data

“TrustCommerce has consistently demonstrated a leadership role within the industry regarding security. Merchants deserve it and the industry demands it. TrustCommerce is proud to partner with MAGENSA to deliver affordable solutions specifically aimed at combating fraud and enabling PCI compliance on an application level. TC SMART Products™ and MAGENSA offer PCI compliance from the initial swipe and throughout the transaction process,” says Rob Caulfield, CEO of TrustCommerce. “This easy-to-implement solution provides a secure environment that protects, removes, and stores sensitive card data efficiently and effectively. PCI in a swipe!”

MagneSafe Readers

MAGENSA delivers these capabilities to users via a family of card readers known as MagneSafe™ readers. The MagneSafe readers blend the following data and security technologies into a single device:

Website Authentication (via challenge-response mutual authentication)
MagnePrint card authentication technology (Token)
Data Encryption (3DES DUKPT)
Track 1, 2, and 3 Magstripe Card Reader (per ISO 7811 specifications)

The MagneSafe readers deliver unmatched cardholder security, including the following key features:

From the moment the card is swiped, all sensitive cardholder data is fully encrypted, surpassing all PCI DSS requirements.
The flashing LED present on the MagneSafe readers acknowledges that the user has reached a trusted and authentic website.
With an easy “swipe” of a card, the MagneSafe reader allows users to securely register their existing magstripe financial cards to create the secure token which can then be utilized for traditional financial transactions.

“Consumer, Business, and Government entities are recognizing the need for both multifactor authentication and website authentication to protect Internet users during access to online financial and e-commerce services. At the same time, e-Merchants are recognizing the need for data encryption and 'card present' magstripe card data to secure e-commerce payment transactions and reduce transaction costs,” says Annmarie “Mimi” Hart, President and CEO, MAGENSA, LLC. “MAGENSA’s technology addresses all of these needs by allowing the magstripe cards in consumers’ wallets to be simultaneously utilized as both a hardware security token, and a traditional financial or ID card. Additionally, MagneSafe readers further protect consumers and Internet users by authenticating that they are safely connected to a trusted website,” continued Ms. Hart.

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