MagTek

Overview

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🗓️ Established: 1995

📅 Published: September 11, 2025

✏️ Last updated: August 11, 2026

AskAI Summary of MagTek

Generated using ISVWorld's AskAI proprietary software industry model.

📝 AskAI Recap: MagTek is a leading provider of secure payment and identification technologies, developing both hardware products such as card readers and check scanners, and software services including APIs, SDKs, and cloud-based payment facilitation and gateway services.

💬 Inclusion Rationale: MagTek develops and sells hardware products alongside software services including SDKs, APIs, hosted payment solutions, and cloud services for secure transactions. These software components and integrations cater to independent software vendors (ISVs) and developers, enabling creation of payment and authentication applications. This combination of hardware and software product offerings qualifies MagTek as an Independent Software Vendor (ISV).

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