A new solution has emerged that can harness the power of the magnetic stripe on payment cards to provide multi-factor authentication and end-to-end data encryption. The new “MagnePrint” solution from MAGENSA reduces the investments or changes to the existing infrastructure since it utilizes the magstripe card-based tokens that an institution has already issued to their customers. The “MagnePrint” is in the background of the stripe referred to as noise. It does not interfere with the cardholder personal data encoded in the foreground. Nor can the encoded data remove or erase the “MagnePrint.” Furthermore, the “MagnePrint” and the cardholder personal encoded data can be linked. When the card is first issued or first used, the card issuer stores the digitized original “MagnePrint” on the cardholder file. This is designated the “Reference MagnePrint”. The “MagneScore” software is used to score “Transaction MagnePrint” to the “Reference MagnePrint.” Typical scoring times are 10 milliseconds or less.

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