Computop Launches Global PoS Network

PRESS RELEASE

London, United Kingdom - March 13, 2012 - Computop, a leading payment service provider (PSP), announces the launch of the Computop Global PoS Network for international multichannel payments. This global payment network offers fraud prevention services, which combine data from both eCommerce and bricks and mortar businesses at PoS.

Computop Global PoS Network works in any country and enables merchants to simply and securely manage multichannel payments across their retail estate: Point of Sale (PoS), eCommerce, MOTO, call centre and mobile payments. It greatly reduces time to market for retailers wishing to roll out international stores.

For Retail POS, certified to the latest PCI PTS 3.1 specification, IPAD EMV is a highly secure multi-functional device that supports magnetic card reading and EMV chip and pin, with optional signature capture and contactless card reading. The IPAD from MagTek and Computop’s card tokenization, together remove the need to receive actual card data during a transaction in-store and therefore the need for a retailer’s PoS system to have PCI DSS accreditation. IPAD EMV encompasses PCI PTS 3.1, Common Criteria and PCI P2PE compliance.

IPAD EMV provides a USB port, giving customers an easy interface hardware platform for card transactions. All communication, internally and externally, are highly secure, using 3DES and DUKPT key management, exceeding the requirements of PCI DSS. It has a backlit colour LCD, an optional privacy screen, is ergonomically designed and has an easy clean finish.

Computop customer, Björn Schlesselmann, managing director at PAPAGENA, comments, “Historically, the challenges for opening retail outlets or travel businesses in a new country are the same: You have to research and comply with local banking rules and regulations and buy PoS terminals from local banks. However, with Computop Global PoS Network we just buy the IPAD EMV and connect it to a secure and reliable system. It is much easier, faster and cost efficient for us to expand our international business this way.”

In February 2012, Computop and MagTek announced their intention to collaborate to develop PoS terminals that are able to work securely worldwide. IPAD EMV is designed for the Retail POS environment while iDynamoEMV is designed to allow for secure payment via tablet’s and smart phone’s.

Ralf Gladis, CEO of Computop, comments, “We are delighted to launch our first collaborative Point of Sale product. Computop Global PoS Network and IPAD EMV will save a lot of retail businesses a lot of time and money, managing their international Point of Sale.”

Steve Poulston, Managing Director, MagTek, says, “Through this partnership we are able to provide a truly integrated multichannel payment platform with POS, MOTO, e-commerce and mobile. The benefit to the customer is that they can have all payment processing managed through the Computop Paygate platform, which in turn means they have no requirement to adhere to PCI regulations for handling (POS) card data, because we are providing a fully PCI compliant solution across all channels.”

Computop Global PoS Network with IPAD EMV is available from May 2012.

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About the Computop Paygate platform

Computop Paygate is a multichannel payment platform that provides online retailers with secure payment solutions and efficient fraud prevention for international markets. With just one interface needed, Computop Paygate allows online retailers to get access to dozens of international payment systems, and includes fraud prevention for North America, Europe and Asia. Leading e-commerce solutions from the likes of Demandware, hybris, Magento and Oxid all support Computop Paygate as a preferred payment service solution for global payment processing. In addition, Computop Paygate has been integrated into SAP's Business ByDesign business software to provide secure global payment processing.

About Computop

Computop is a payment service provider (PSP) that was founded in 1997 and is headquartered in Bamberg, Germany. The company has global customers such as Fossil, C&A, Samsung and TUI and has offices located in North America and Europe. Computop’s Paygate PCI-compliant hosted payment solution supports all non customer present payments, including telephone, online and mobile.

For further information please visit: www.computop.com.

About MagTek

Since 1972, MagTek has been a leading manufacturer of electronic devices and systems for the reliable issuance, reading, transmission and security of cards, checks, PINs and other identification documents. Leading with innovation and engineering excellence, MagTek is known for quality and dependability. Its products include secure card readers, check scanners, PIN Pads and distributed credential issuing systems. These products are used worldwide by financial institutions, retailers, hotels, law enforcement agencies and other organizations to provide secure and efficient electronic payment and identification transactions.

Today, MagTek continues to innovate with the development of a new generation of security centric products secured by MagneSafe™.

By leveraging strong encryption, secure tokenization and real time authentication, MagneSafe products enable users to assess and validate the trustworthiness of credentials used for online identification, payment processing, and other high-value electronic transactions.

MagTek is based in Seal Beach, California and has sales offices throughout the United States, Europe, and Asia, with independent distributors in over 40 countries. For more information, please visit www.magtekeurope.com.