MagTek Collaborates with ISTS to Provide Custom Integrated Web Applications

MagTek Collaborates with ISTS to Provide Custom Integrated Web Applications for MagTek Products for Security Conscious Merchants

LAS VEGAS--(BUSINESS WIRE)--MagTek, Inc., a global provider of the most secure electronic payment technology, today announced its collaboration with ISTS Worldwide, Inc. to provide custom integrated web applications for security conscious merchants who use its MagneSafe™ secure card readers, its newest PCI 2.0 compliant iPad® and its Express Card 1000. ISTS will work directly with MagTek to help customers build and integrate applications for secure distributed Gift Card personalization and highly fortified POS applications, where data is encrypted at the point of swipe and the card itself as well as the cardholder data, the device and the web site can be authenticated.

“ISTS has always held as its company mandate to provide custom developed solutions, integration and support services related to retail & payment technologies. MagTek is excited about our association with ISTS, with their history and success with clients, we are confident ISTS can help bring to market retail and payment solutions with MagTek’s products,” said Mrs. Annmarie “Mimi” Hart, President and CEO of MagTek, Inc.

“Our strategic partnership with MagTek enables us to provide cutting edge secure solutions for payment transactions across multiple business channels and vertical markets. Coupling MagTek’s cutting edge secure payment transaction technology and ISTS’s end to end technology services and global delivery capability in the retail and payment market will provide customers with a winning solution,” said Mr. Viren Rana, President & CEO of ISTS Worldwide.

For more information on MagTek’s MagneSafe secure readers, please visit us at Booth #621 at the 2008 ETA Meeting & Expo in Las Vegas, NV.

About MagTek

Founded in 1972, MagTek, Inc. is the leading provider of technology that makes electronic transactions safer, speedier and more comfortable. With its secure card readers, dependable check scanners, instant card personalization, robust PIN management, and identity verification systems, the company's products and components are used today in thousands of companies around the world. Every day, at supermarkets, gas stations, banks and credit unions, restaurants, casinos and hotels, on airplanes and timeclocks, in ATMs, kiosks and POS terminals you may not see the MagTek logo, but the odds are great that you’ll use one of their products. MagTek is based in Carson, 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.magtek.com.

About ISTS: Optimizing Retail & Payment Technology

ISTS Worldwide provides end to end technology services in the form of Custom application development, Integration, Testing and Support services by leveraging complementary enablers of People, Process, Technology, Global Delivery capabilities and Domain expertise in the Retail & Payment technology verticals. ISTS enables organizations to maximize performance and reduce operating costs through its best of breed technology services stack delivered through a proven hybrid (onsite - offshore) global delivery model. It also services its customers professional services needs. More information about ISTS at www.istsinc.com

Contacts
MagTek, Inc.
Carlos Morales, Marketing Manager
310-699-6335 | carlos.morales@magtek.com
or
ISTS Worldwide Inc.
Bhavik Vasa
Director Strategic Marketing
510-794-0764 | retail@istsinc.com