— As the Council’s newest primary participating organization, MagicCube will help shape the direction of PCI SSC —

NY, January 16, 2023 /PRNewswire/ — MagicCube, the company that created the Software Defined Trust (SDT) category and developed i-Accept, the virtual point-of-sale payment solution, is pleased to announce today that it is now a Primary Participating Organization of PCI Security Standards Council (PCI SSC). . MagicCube will help drive the secure future of global payment experiences with a strategic level of leadership, engagement and influence within the Council and the ecosystem.

MagicCube became the only independent Tap-to-Phone/SoftPos vendor to join the PCI Security Standards Council Advisory Board one year ago.

PCI SSC leads the global effort to increase payment security by providing flexible, industry-driven, and effective data security standards and programs to support new experiences for greater inclusion and adoption. Global industry collaboration is critical to this mission. The Council’s Participating Organizations program brings together industry leaders to strategize on how to protect payment data from emerging threats and anticipate the needs of an ever-changing payment ecosystem.

In this new role as Lead Partner Organization, MagicCube will work within PCI to contribute to strategic direction, technical discussions, and build consensus for support of the Council’s new and forward-thinking initiatives.

“Every day, businesses and organizations around the world are faced with an ever-changing payment landscape with new and evolving threats attacking their systems and data,” he said. lance johnson, Executive Director of the PCI Security Standards Council. “By joining as a Principal Participating Organization, MagicCube will have a significant impact on how PCI SSC helps them address these challenges, especially the direction and development of PCI security standards and resources that help organizations prevent, detect and mitigate attacks on global payment data.”

“We are proud of our involvement in many of the council’s efforts, especially our contribution to the MPoC standard for Tap to Pay and soft POS to,” said nancy zayed, CTO of MagicCube. “Now that we will play a significantly greater strategic role, we are honored and excited to drive innovative software security technologies designed to be on par with hardware-based security, but with the ease, convenience and agility of software.”

About the PCI Security Standards Council

He PCI Security Standards Council (PCI SSC) leads a global, cross-industry effort to increase payment security by providing flexible and effective industry-driven data security standards and programs that help businesses detect, mitigate, and prevent cyber-attacks and breaches . Connect with PCI SSC at LinkedIn. Join the conversation on Twitter @PCISSC. Subscribe to the PCI Insights Blog.

About Magic Cube

MagicCube leads the Software Defined Trust (SDT) category with its software-based virtual Trusted Execution Environment (vTEE) platform. The technology enables large-scale secure deployment and management of Internet of Things (IoT) and mobile solutions for consumers. MagicCube received the first recognition for a software-based trusted execution environment issued by EMVCo, the global consortium facilitating worldwide interoperability and acceptance of secure payment transactions. MagicCube has been named by Network World as one of the “10 Hot IoT Startups to Watch”, listed as a Cool Vendor in Security and Risk Management by Gartner, and is the only startup to serve on the board of directors of the PCI Security Standards Council. Investors in MagicCube include Mosaik Partners, Shift4, Bold Capital, Epic Ventures, ID Tech, Sony Innovation Fund, and Visa, among others. For more information, visit www.magiccube.co or follow us on Twitter @MAGIC3INC.

SOURCE MagicCube