Following an investment in MagicCube, Shift4 selects
i-Accept as its preferred softPOS Tap-to-Pay solution
SANTA
CLARA, Calif., Jan. 14,
2024 /PRNewswire/ -- MagicCube, the startup that
created the Software Defined Trust (SDT) category, announced today
at NRF's Retail Big Show that it has partnered with
Shift4 (NYSE: FOUR), the leader in integrated payments and
commerce technology, to offer the
company's i-Accept™ solution to merchants in the United States. i-Accept turns any Android
smartphone or tablet into a PCI compliant payment device that can
accept secure contactless payments using Tap-to-Pay – with or
without PIN.
"We are thrilled to be selected as the preferred softPOS
provider for Shift4, delivering a cutting-edge, truly secure, and
scalable payment acceptance experience to the hundreds of thousands
of merchants in their network," said Sam
Shawki, CEO and cofounder of MagicCube. "i-Accept takes the
complexity out of moving the checkout experience beyond the
cashier's desk and enables merchants of all sizes – from the
smallest to the largest ones, with sophisticated backend and
compliance needs – to offer better shopping experiences to their
customers with seamless Tap-to-Pay on any Android device, including
phones, tablets, and touch screens."
i-Accept empowers merchants of all sizes to accept contactless
transactions using payment cards and mobile wallets such as Apple
Pay, Google Pay, and Samsung Pay, and it even adapts to local card
schemes. It also allows for secure PIN capture on the device screen
without the need to scramble or shuffle the PIN entry device keys,
making the transaction experience seamless and convenient for
consumers.
"At Shift4, our mission is to power commerce by empowering
merchants with simple and innovative technology solutions," said
Michael Isaacman, Chief Commercial
Officer at Shift4. "MagicCube's state-of-the-art i-Accept solution
aligns with this goal by delivering unmatched flexibility and
convenience for retail businesses of all types and sizes."
Tap-to-Pay acceptance powered by i-Accept will be available to
retailers in the Shift4 network early this year. To learn more,
visit www.i-accept.com or visit the Shift4 booth at NRF's
Retail Big Show, in New York City,
January 14-16.
About MagicCube
MagicCube leads the Software Defined Trust (SDT) category with
its software-based, virtual Trusted Execution Environment (vTEE)
platform. The technology enables secure, large-scale deployment and
management of Internet of Things (IoT) and mobile solutions to
consumers. 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. MagicCube has been named
by Network World's 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 sit on the board 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.
About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying
complex payments ecosystems across the world. As the leader in
commerce-enabling technology, Shift4 powers billions of
transactions annually for hundreds of thousands of businesses in
virtually every industry. For more information,
visit shift4.com.
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SOURCE MagicCube