Magensa ‘s QwicKey, no need in personal data exposure?

Magensa, a premier authentication solutions provider, announced the introduction of its QwicKey, a new portable online security device intended to make customers’ online payment experience more secure and reliable. The solution works with a secure magnetic stripe reader, browser software and the existing magnetic stripe cards in consumers’ wallets (credit cards, payment cards, many state licenses, insurance cards and other forms of identification). It is said to protect customers’ personal information during the transaction.

Cardholders need to swipe their card to execute a transaction. As long as account information is accessed from the card no critical elements, like credit card account numbers or identification access codes, are stored on the computer. Consumers just type in their profile information once during activation and they never have to type in their card information. QwicKey solution builds upon a secure Magnetic Stripe Reader that customers can carry with them. Consumers’ profiles are secured with an Access Card they choose and a Master Password they select which is encrypted and stored at the Magensa Secure Data Center. Consumers will be able to access their profile from any PC loaded with QwicKey software by using their QwicKey components.

Downloads of the QwicKey software are completely free. QwicKey’s MSRP starts at $49.95 and includes the complete QwicKey kit and a free first year subscription. Additional annual subscriptions start at $29.95.

Source: Business Wire