ID TECH, a manufacturer of custom and standard POS and self-service peripherals, has announced the release of its SecureMag magnetic-stripe reader.
According to a news release from ID TECH, SecureMag supports Triple DES and AES encryption technology with Derived Unique Key per Transaction (DUKPT) key management. The product can function as a standard reader or be permanently configured as a secure encrypted reader and provides for factory or customer key-injection options. Each reader has a unique, protected internal serial number, assigned for tracking and security purposes.
Gerry Knight, business development director for ID TECH, says protecting card data from the first step of the transaction is critical to combating the overall issue of card fraud:
"Data encryption from the magnetic reader is a significant step in protecting customers' card data, and we believe that SecureMag provides the best solution to this critical step in closing that loophole in point-of-sale transactions."
