Storage Networking World

MagicCube Extends its Tap to Pay Acceptance Platform to Serve Enterprise and Big Box Retailers

Retrieved on: 
Tuesday, June 7, 2022
Visa, Apple, PCI, CEO, Id Tech, PIN, Security, TM, Multimedia, IOT, Samsung, Sale, IOS, SDT, Apple Pay, Pinin, ID, Android, Technology, Trust (social science), Tablet, Compliance, Mark (given name), Efficiency, Storage Networking World, EMV, Risk management, NFC, View, Internet of things, Google Pay, Online shopping, Cryptocurrency

AMSTERDAM, June 7, 2022 /PRNewswire/ -- MagicCubeTM, the startup that created the Software Defined Trust (SDT) category, today announced it is extending its Tap to Pay acceptance platform to help enterprise and big box retailers take advantage of software point-of-sale (softPOS) technology to reduce costs, improve efficiency, and deliver better customer experiences. i-AcceptTM, the platform that transforms off-the-shelf smart devices such as phones, tablets, and large screens into contactless payments terminals, introduces new attributes ranging from device management to easier PCI compliance intended to enable seamless, scalable, and secure Tap to Pay—with or without PIN—in complex, large retailer environments.

Key Points: 
  • MagicCube extends its Tap to Pay acceptance platform, i-Accept, to serve enterprise and big box retailers
    "With Apple releasing Tap to Pay as a component of its proprietary iOS operating system, it becomes more urgent to serve the two billion Android users that represent more than 70% of the global mobile market," said Sam Shawki, CEO and cofounder, MagicCube.
  • Starting today, MagicCube will be demonstrating these enterprise-grade capabilities at Money20/20 Europe, booth C50, Hall 5.
  • MagicCube was awarded the first recognition of a software-based Trusted Execution Environment issued by EMVCo, the global consortium which facilitates worldwide interoperability and acceptance of secure payment transactions.
  • Investors in MagicCube include Mosaik Partners, Shift4, Bold Capital, Epic Ventures, ID Tech, Sony Innovation Fund, and Visa, among others.

MagicCube Extends its Tap to Pay Acceptance Platform to Serve Enterprise and Big Box Retailers

Retrieved on: 
Tuesday, June 7, 2022
Visa, Apple, PCI, CEO, Id Tech, PIN, Security, TM, IOT, Samsung, Sale, IOS, SDT, Apple Pay, Pinin, ID, Android, Technology, Trust (social science), Tablet, Compliance, Mark (given name), Efficiency, Storage Networking World, EMV, Risk management, NFC, Internet of things, Google Pay, Online shopping, Cryptocurrency

AMSTERDAM, June 7, 2022 /PRNewswire/ -- MagicCubeTM, the startup that created the Software Defined Trust (SDT) category, today announced it is extending its Tap to Pay acceptance platform to help enterprise and big box retailers take advantage of software point-of-sale (softPOS) technology to reduce costs, improve efficiency, and deliver better customer experiences. i-AcceptTM, the platform that transforms off-the-shelf smart devices such as phones, tablets, and large screens into contactless payments terminals, introduces new attributes ranging from device management to easier PCI compliance intended to enable seamless, scalable, and secure Tap to Pay—with or without PIN—in complex, large retailer environments.

Key Points: 
  • "With Apple releasing Tap to Pay as a component of its proprietary iOS operating system, it becomes more urgent to serve the two billion Android users that represent more than 70% of the global mobile market," said Sam Shawki, CEO and cofounder, MagicCube.
  • Starting today, MagicCube will be demonstrating these enterprise-grade capabilities at Money20/20 Europe, booth C50, Hall 5.
  • MagicCube was awarded the first recognition of a software-based Trusted Execution Environment issued by EMVCo, the global consortium which facilitates worldwide interoperability and acceptance of secure payment transactions.
  • Investors in MagicCube include Mosaik Partners, Shift4, Bold Capital, Epic Ventures, ID Tech, Sony Innovation Fund, and Visa, among others.

MagicCube Announces $15 Million Investment Round Led by Mosaik Partners, Advancing the Software-Based Security Paradigm Shift

Retrieved on: 
Thursday, October 14, 2021
View, Trust (social science), Technology, Risk management, HSM, Internet of things, Storage Networking World, NTT Data, IOT, SIM, Mark (given name), Tablet, Google Pay, Fons van der Stee, Apple Pay, Samsung, Multimedia, PCI, Hardware, Azure Capital Partners, Investment, SDT, CEO, EMV, Sale, Software, Visa, FIPS 140-2, Security, Id Tech, Cryptocurrency, Online shopping

MagicCube, the startup replacing security chips with software, announces $15 million round

Key Points: 
  • MagicCube, the startup replacing security chips with software, announces $15 million round
    "We are on the verge of a huge paradigm shift when it comes to how we secure data on all kinds of devices, especially the ones used for financial transactions," said Sam Shawki, MagicCube's CEO.
  • The company's first product, i-Accept, was designed to disrupt the more than $70 billion yearly spent by banks & merchants everywhere on point-of-sale card readers.
  • MagicCube is leading the Software Defined Trust (SDT) category with its software-based Trusted Execution Environment (sTEE) platform.
  • Investors in MagicCube include Bold Capital, Epic Ventures, Sony Innovation Fund, Visa, NTT Data, Azure Capital, CVentures, and Luqman Weise Capital.