Solution Benets

Convenience of Credit Cards

Credit and Debit cards have become increasingly popular.

Although cash is king, many people no longer carry cash

on them. Payment cards simply make payment easier and

faster. A simple swipe allows consumers to transfer funds

and with CryptoPay's consolidated ticketing, transaction

fees are greatly reduced.

• Consolidated tickets

• Reduce transaction fees

MagTek | CryptoPay Partner Solutions | Laundromat Use Case

Credit card acceptance at laundromats just makes more sense/cents.

CryptoPay, MagTek & Magensa, and WorldPay offer a simple solution.

The Coin Laundry Association has cited that in recent year’s credit card acceptance at laundromats has increased

exponentially and found that 12% of all laundromats now accept some form of digital payment including credit

cards. This number is only expected to grow due to the convenience credit card payments provide, the increase

cost of laundry services, the need from consumers, and the need to reduce administrative and management tasks.

CrytoPay in partnership with MagTek & Magensa, and WorldPay, delivers a cost effective, secure, and simple

solution to bring laundromats into the next era and match customer preference.

Guard against the Increase Costs

The price of energy continues to grow. Operators have no

control over these prices, but understand that 90% of their

energy costs for washers and dryers come from heating

the water. Enabling credit card acceptance as an option

allows laundromat operators the ability to extend credit

to consumers without the liability, creates an increase in

overall spend, and keeps locations competitive.

Need from Consumers

Consumers expect to be able to use other methods of

payment and expect an experience rather than just a

service. Laundromats that have credit card acceptance

can also begin to offer other items, such as detergents,

dryer sheets, and even food items, to enhance the overall

consumer experience. Better convenience brings bigger

tickets and increased prots.

MagTek® Inc., 1710 Apollo Court, Seal Beach, CA 90740 | p 562-546-6400 | www.magtek.com | & | CryptoPay | p. 719-277-7400 | www.getcryptopay.com

Partner

Cost-Effective

CryptoPay's solution is cost-effective. By working with

MagTek, users guard against fraud and save from fraud

loss; enable smart business practices; benet from

reduced transaction and processing fees; and enable

combined tickets. CryptoPay is more reliable, has less

downtime and uses economical hardware solutions.

• Low start up cost

• No minimum quantities to purchase

• Add swipers at your pace and budget.

Simple Components

Reduced Administration

MyCryptoPay managed cloud-based site management tool

makes it easy to see reports and understand your business

better. This simple tool delivers laundromat operators the

administrative access needed to manage their laundromat.

CryptoPay Wireless Swiper has an integrated

MagTek secure read head. MagTek is known in the industry

for durability, reliability, and exibility. In the car wash and

laundromat industries you need a tested solution that

you know can stand up to everyday environmental and

consumer use. By integrating the MagTek MagneSafe®

IntelliHead into the custom swiper with remote transponder,

CryptoPay knew they would have a reader that would hold

up with proven components.

Founded in 1972, MagTek is a leading manufacturer of electronic systems for the reliable issuance, reading, transmission and security of cards, checks, PINs and identication documents. Leading with innovation

and engineering excellence, MagTek is known for quality and dependability. Its products include secure card reader/authenticators, token generators, EMV contact, contactless and NFC reading devices, encrypting

check scanners, PIN pads and distributed credential personalization systems for secure magstripe and EMV enabled cards. These products are used worldwide by nancial institutions, retailers, and processors

to provide secure and efcient payment and identication transactions. Today, MagTek continues to innovate. Its MagneSafe Security Architecture leverages strong encryption, secure tokenization, dynamic card

authentication, and device/host validation enabling users to assess the trustworthiness of credentials and terminals used for online identication, payment processing, and high-value electronic transactions. MagTek

is headquartered in Seal Beach, CA.

CryptoPay Coordinator brings the services together.

This creates consolidated tickets from washers and

dryers into one combined ticket, and therefore one set of

processor fees.

CryptoPay wanted to ensure data would be

protected in transmit as well as at rest and selected

to use MagTek's Magensa Payment Protection Gateway

Service (MPPG). MPPG works as the secure rail to send

encrypted data onto processors, gateways, and acquirers

and to return the authorization. CryptoPay software sends

encrypted data to Magensa to perform authorization, sale,

void, refund, capture, and magnetic stripe card and device

authentication. Magensa decrypts the data and bundles

it with Magensa’s APIs and sends out for processing.

Magensa returns the authorization and magstripe card and

device authentication. This authentication guards against

rogue devices and tampering.

The use of MagneSafe IntelliHead and the Magensa

Payment Protection Gateway help secure the payment

environment. Benets of MPPG include:

• Card reading is accomplished by the use

of MagneSafe-enabled secure card reader

authenticator

• All transactions are securely routed through the

Magensa Payment Protection Gateway.

• Neither the merchant nor the application provider

possess or have access to the decryption keys used

by the SCRAs to encrypt the cardholder data.

Magensa simplies PCI compliance, reduces your PCI

scope, and decreases costs.

Summary

The CryptoPay and MagTek partnership deliver secure unattended payment solutions that take your business

where you need to go, enabling businesses to grow, securing payment environments, and enhancing the

customer experience. CryptoPay Credit Card System is a proven and successful car wash and laundromat

payment and management system. MagTek delivers reliable and durable hardware and secure Magensa data

protection services.