Latest News

MagicCube Raises $10M to Challenge Hardware-Based Digital Security

MagicCube, a technology company focused on software-based security for digital transactions, recently raised 10 million USD in new funding to expand its plat...

MagicCube Raises $10M to Expand Beyond Tap-to- Phone, Adds Verifone as Investor

Notably, Verifone – a New York-based global payments technology company - participated as a strategic investor in the company’s latest round after having ser...

MagicCube, Security Standards Council, to improve security

MagicCube, the creator of the Software Trusted Execution Environment platform, has joined the PCI Security Standards Council, an organization leading glob...

Digital Transactions: Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

Apple Inc. has reportedly acquired technology that enables smart phones equipped with near-field communication to act as point-of-sale devices with no other ...

[Opinion] Getting rid of cash in the pandemic age

Just like they were ahead of the curve in dealing with COVID-19, South Korea has been at the forefront of contactless payment since its launch of UPass in 19...

Finsmes: MagicCube closes $8.5M Series A to secure mobile and IoT devices

MagicCube, a company that secures connected devices and cloud environments through its Software Trusted Execution Environment platform (sTEE™) raised $ 8.5M ...

Farewell to hardware: the future of connected car security

Sam Shawki, CEO, MagicCube, writes about how the need to protect data about drivers and vehicles’ performance grows with each connected car that hits the gri...

MagicCube CTO's interview and cover of STEM magazine

Nancy Zayed Founder and CTO, MagicCube

Banking CIO Outlook: Visa Issues MagicCube a Security Compliance Allowance

MagicCube, the leader in the new category of Software Defined Trust (SDT), has declared that Visa has issued a security compliance allowance for i-Accept, a ...

American Banker: MagicCube, Dojo offer contactless mobile PIN payments for U.K., Irish merchants

MagicCube's software that converts Android devices into mobile point-of-sale terminals will be

Announcement: MagicCube Wins Inaugural Mobile Payments Conference Visionary Award for Ingenuity in FinTech

The producers of theMobile Payments Conferenceannounced today that Sam Shawki and Nancy Zayed, founders ofMagicCube, the creator of the world’s only Software...

Visa announced Tap to Phone payment system availability in more than 15 markets

As the world increasingly turns to digital payments amidst COVID-19, a simple mobile app can help millions of sellers worldwide quickly and securely accept c...

Opinion: Bloomberg Got it Wrong: Apple Won't Kill Square

In this opinion piece, MagicCube’s CEO and Cofounder Sam Shawki comments on Apple’s tap-to-pay announcement, explaining its focus on disrupting the $70 billi...

American Banker: Does PIN-on-glass need a more secure screen?

Even if the use of PIN hasn't garnered much momentum in the U.S. beyond debit, it is an authentication technology that's not going to go away anytime soon.

Kreditwesen: vTEE für mobiles Bezahlen und Pin-on-Glass-Akzeptanz

Derzeit gibt es drei unterschiedliche Verfahren, um kryptografische Schlüssel auf mobilen Endgeräten zu speichern. Die jüngste Methode, die sogenannte virtue...

Bloomberg: Apple to Launch Tap-to-Pay Feature in Challenge to Square

MagicCube is mentioned in an article focused on Apple’s tap-to-pay announcement and entrance into the payment acceptance market. 

Announcement: Handpoint Partners with MagicCube's i-Accept to Deliver TAP+PIN on Phones as Part of its Integrated Payments Suite

Handpoint, a pioneer in defining integrated payments and next-generation POS, today announced its partnership withMagicCube, the leader in the new category o...

TechCrunch: What chip shortage? $15M to ‘replace all chips,’ starting with POS terminals

MagicCube, a mobile security startup, has raised $15 million in a round led by Mosaik Partners.

Top 25 IoT Startups to Watch In 2019

As a group, these top 25 IoT startups are showing early potential at enabling profitable new business models, revitalizing industries that have experienced s...

Announcement: Sony Innovation Fund Makes Investment in MagicCube's new category of Software Defined Trust (SDT)

MagicCube, the creator of the world's only Software Trusted Execution Environment platform, today announced that Sony Innovation Fund (SIF), Sony's corporate...

Visa Invests in MagicCube's Contactless SoftPOS & PIN Platform and Its Differentiating Software Defined Trust (SDT)

MagicCube, the creator of the world's only Software Trusted Execution Environment platform, today announced a strategic investment from Visa.

American Banker: MagicCube's mobile POS terminal software completes Visa security eval

Less than two months after launching a software-based model to replace traditional point of sale terminals, MagicCube has received a security compliance allo...

American Banker: An Attempt to Make Point-of-sale Payment Devices Obsolete

The fintech MagicCube has developed an equipment-free alternative to expensive card terminals that could give merchant-acquiring banks an entree into a relat...

Raconteur: 5 IoT security startups to watch in the New Year

Exciting new tech companies are innovating to make the internet of things more secure. Here are five to watch

Opinion: On the Heels of the Apple Announcement, the Largest Payment Terminals Maker is Set to "Dump"​ its Hardware Business

In this opinion piece, MagicCube’s CEO and cofounder Sam Shawki comments on the news related to Worldline, the French multinational payments and transactiona...

MagicCube’s sTEE Secures Devices for Payments

Manufacturers of POS terminals and other vendors are waiting for final test results from EMVCo before selecting technology partners for PIN on Glass products...

MagicCube is first in cybersecurity to achieve certification as a Software Trusted Execution Environment

SANTA CLARA, Calif., May 29, 2019 (GLOBE NEWSWIRE) --MagicCube, the creator of the world’s only Software Trusted Execution Environment platform has achieved ...

Credit Suisse: Thoughts on Payments, Processors & Fintech

MagicCube was featured in Credit Suisse’s weekly industry analysis with insights on leading payment platforms. The piece focus on Apple’s tap-to-pay announce...

Forbes: Hands-Off Holiday Shopping Blitz Puts ‘Contactless’ In Spotlight

So-called contactless payment technologies have gained traction in the U.S. due to the pandemic, reshaping consumer behavior. 

Global Banking and Finance Review: MagicCube Introduces MC-Screen Shield for securing next-gen point-of-sale systems

Breakthrough Capability Secures Mobile- and IoT-Secure Devices, Allowing Consumers’ Mobile Devices to Turn into Full-Fledged PoS Systems 

10 Hot IoT Startups to Watch

With 20 billion internet of things devices online by 2020, the challenges and rewards are great for the top 10 startups hoping to capitalize on connected dev...

GlobeNewswire: MagicCube and Cow Hills BV team up to enable progressive retailers to accept payments without the need for dedicated terminals

SANTA CLARA, Calif., June 26, 2019 (GLOBE NEWSWIRE) --MagicCube, the creator of the world’s only Software Trusted Execution Environment platform is partnerin...

Software-based mobile payments join EMV family

EMVCo launched the Security Evaluation Process for Software-Based Mobile Payments (SBMP) on Dec. 18, 2018, adding software-based payments to its growing EMV ...

Digital Transactions: Why PIN on Glass Is the Next Big Thing

The key to higher acceptance rates for cards, lower fees for merchants, and better security lies in moving the point of sale from hardware to software, say...

Visa ups investment in softPOS firm MagicCube

MagicCube, the creator of the world's only Software Trusted Execution Environment platform, today announced a strategic investment from Visa.

Announcement: MagicCube Launches i-Accept Cloud, The First Open Cloud-Based Payment Acceptance Platform

MagicCube™, the startup that created the Software Defined Trust (SDT) category, today unveiled i-Accept Cloud™, the world's first open, cloud-based softPOS a...

The Nilson Report Issue #1156 | June 2019

MagicCube and NTT Data have formed a partnership. NTT Data will offer MagicCube's PIN-on-Glass technology to merchants in Japan. MagicCube's Software Defined...

MagicCube Named a Cool Vendor in Security and Risk Management by Gartner

SANTA CLARA, Calif., Oct. 24, 2018 (GLOBE NEWSWIRE) --MagicCube, the creator of the world’s only Software Trusted Execution Environment platform (sTEE™), tod...

MagicCube CEO: ‘Innovation Is Outrunning Security’

Security continues to be an industrywide challenge. The pace of innovation is outstripping today’s security infrastructure...

MagicCube’s sTEE Platform is Creating a New Payment Security Category: Execution Environments Offer Better Security for Customer Data

SANTA CLARA, Calif., Oct. 23, 2018 (GLOBE NEWSWIRE) --MagicCube, the creator of the world’s only Software Trusted Execution Environment platform (sTEE™), tod...

Brightsight: Magiccube Obtains First Ever EMVCo SBMP Security Evaluation Certificate for their Virtual TEE

Delft, 29th of May 2019: Brightsight is proud to announce that MagicCube has received the first ever EMVCo SBMP (Software-Based Mobile Payment) security eval...

Beyond Plastic: Payments in a Connected World

Gone is the world where a watch just keeps time and a refrigerator simply preserves food. From wearables and smart speakers to smart appliances, connected ca...

The Silicon Valley Voice: Santa Clara Company Secures Mobile Payments, Saves Businesses Money

While many startups have focused on developing products to solve problems people didn’t know they had, Santa Clara-based MagicCube was conceived in an effort...

Digital Transactions: MagicCube to form partnership with NTT DATA to secure next generation payments, acceptance, and accelerate PCI certification for their joint customers

SANTA CLARA, Calif., June 03, 2019 (GLOBE NEWSWIRE) -- MagicCube, the creator of the world’s only Software Trusted Execution Environment based platform, toda...

MagicCube Looks to NTT to Help Bring PIN-on-Glass to Merchants in Japan

For decades, PIN entry has been restricted to specialized hardware devices, such as PIN pads on ATMs and at the point of sale. On Monday, a Santa Clara, Cali...

Digital Transactions: With an Assist From Visa, MagicCube Looks for Rapid Expansion in the U.S. And Abroad

The Covid-19 pandemic is driving consumers and merchants to opt for contactless options, and now software that can enable an ordinary smart phone to accept c...

Announcement: MagicCube is First Startup Appointed to PCI Security Standards Council 2021-2022 Board of Advisors

CTO and co-founder Nancy Zayed to bring 20 years of industry experience to help develop software security standards for the next generation of payments

Enterprise: CVentures makes undisclosed investment in MagicCube

CIB’s VC arm CVentures has made an undisclosed investmentin US-based mobile security startupMagicCube...

Lending Times: Securing Digital Payments on a Mobile Phone

Digital payments have crossed the Rubicon and are now not only an acceptable form of payment but soon expected to become the dominant form.

American Banker: To update the point of sale, MagicCube taps into mobile devices

MagicCube has launched i-Accept, a software-based replacement for traditional terminals, allowing acquiring banks and financial services providers to offer m...

The Funded: 10 venture firms pledge to include diverse investors in every future funding

The firms involved in the pledge — called the Diversity Rider — are Act One Ventures, Greycroft Partners, First Round Capital, Maveron, Harlem Capital, SVB C...

MagicCube Looks to Expansion as Contactless Grows And Fresh Investment Pours in

With the Covid-19 pandemic accelerating consumer use and merchant acceptance of contactless cards, technology companies are scrambling to exploit new opportu...

Forbes: The Rise of Fintech 3.0

With Software Defined Trust enabling Tap to Pay acceptance as the latest example, our CEO and cofounder predicts the rise of Fintech 3.0, a new era in the fi...

oona & Magiccube team up to free merchants from dedicated payment acceptance devices

oona will work exclusively with MagicCube on SoftPOS and Tap-to-Pay solutions in the North American market, cementing an end-to-end smart device payment chain.

Forbes: Why Apple's Tap To Pay May Not Be An Instant Success

With Apple’s Tap to Pay rollout looming, MagicCube’s CEO and cofounder Sam Shawki provides his perspective on what happens if the company indeed disintermedi...

Inc: More Reasons to Not Be in the Hardware Business

MagicCube is featured in an opinion piece by Howard Tullman on the innovation replacing hardware-based businesses with the rapid development of efficient sof...

Who's Afraid of SoftPOS?

The technology is building momentum as merchants of all sizes displace POS terminals with commercial off-the-shelf devices. There are some issues.

Forbes: Three Things Analysts Got Wrong About Apple’s Tap To Pay News

MagicCube’s CEO and cofounder Sam Shawki provides his perspective on the inaccuracies industry analysts made about Apple’s Tap to Pay announcement.  

Opinion: No, Apple Didn’t Just Announce it is Opening NFC to Partners 

In this opinion piece, MagicCube’s CTO and cofounder Nancy Zayed provides her perspective on the technical challenges ahead for Apple regaring their Tap-to-P...

NRF 2023: MagicCube teams up with MobiIoT to free merchants from dedicated payment acceptance devices

MagicCube the company that created the Software Defined Trust (SDT) category and developed I-Accept the softPOS payment solution is excited to announce tha...

Video: i-Accept, a Fully Software-Based Payment Solution and Tap-to-Pay Experience 

Our investor BOLD Capital Partners interviews MagicCube’s CEO and cofounder Sam Shawki on our first product, i-Accept.  

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

i-Accept, the scalable software-based solution that enables payments acceptance on off-the-shelf devices, gains new capabilities designed to extend Tap to Pa...

The Nilson Repost: MagicCube securing Financial Services

MagicCube is a start-up that has created what it claims to be an industry first — a full, entirely software-based trusted execution environment (sTEE) plat...

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

PIN on Glass’ potential outlined

MagicCube has introduced a new Impact Note from Javelin Strategy and Research that outlines the potential of a PIN on Glass technology on point-of-sale(POS) ...

MagicCube and Sequent Strike Partnership to Secure Mobile and Other Connected Devices

Digitizing billions of mobile cards requires stronger security than provided by keystore services from mainstream operating systems,” said Hans Reisgies, S...

PayThink 'Traditional' e-security won't cut it for mobile ATMs

In 2017, we’ve seen several major banks roll out new ATM technology that uses authentication on mobile phones, allowing customers to get services without u...

Women in Tech Q&A: Nancy Zayed, Founder and CTO

Meet Nancy Zayed, Founder and CTO of MagicCube Inc, a Silicon Valley-based mobile digital security startup. Working in a startup demands a lot or time and ...

The secret key to the Internet of Things

In 2000, Professor Neil Gershenfeld director of MIT labs published a book called “When things start to think” and while it was more about artificial intell...

Breaking Banks: Customer trust and security in fintech

Podcast: Sam Shawki, CEO of Magic Cube, which is using hardware and software systems to ensure cybersecurity.

Intel AMT chip bug suspected backdoor, but likely coding error

On Monday, Intel issued an advisory warning of a critical escalation of privilege vulnerability in its firmware that could enable attackers to seize contro...

Funding Snapshot: MagicCube Raises $8.5 Million Series A for Mobile Security

MagicCube Raises $8.5 Million Series A for Mobile Security

MagicCube Raises $2.2M To Protect Mobile Transactions

MagicCube’s software, which exclusively targets the mobile apps handling sensitive user data, such as banking and shopping applications, works by embedding...

MagicCube working to secure mobile transactions

There’s no questioning that global commerce is becoming increasingly mobile-oriented. Whether it be ordering an Uber, or a beer from your seat at a ball ga...

PYMNTS.COM: Can Software Trump Hardware In Securing Payments?

When talking payments, there’s one topic of conversation that comes hand in hand: security. And, of course, the players who are bringing innovations into t...

Carnegie Mellon University: MagicCube – Securing Our Digital Transactions

Nancy Zayed (MS ’10) has had a long career in the technology industry. During her 10 years with Apple, she honed her engineering skills with a laser sharp ...

YellowPepper, MC partner to secure token-based payments

Through this partnership with YellowPepper, we will enable the storage and protection of high value credentials on mobile and connected devices without the...

If You Can’t Beat Them, Join Them... The Apple Pay Formula

A lot has been said about the newly launched Apple Pay, a new category of service that promises to transform the mobile payments industry with an easy, sec...

Techonomy: Why We Can’t Use Things to Secure the Internet of Things

As we transact more and more through connected devices, the hardware-based way of securing the mobile commerce ecosystem won’t suffice. The future of digit...

Interview: How Connected Cars Can Learn from Fintech

In May, after nearly 10 years and a 147,000 miles, I sold my 2008 Mazda CX-9. It was a great car for me and my family. Our new car is a truck, the Ram 2500...

The Weakest Link: When More Security Means More Fraud

It is counterintuitive, but eCommerce fraud is about to go through the roof, especially now that we have new secure technologies like Apple Pay, NFC, token...

What’s Next In Payments Technology

"It’s important for the payments industry to get mobile and digital right. To do so we need to do much better at what the industry calls its “minimum secur...

Venture Beat Engage: MagicCube, ApplePay, AndroidPay, PayPal, Braintree

In today’s episode, Stewart Rogers and Travis Wright discuss the future of mobile payments with Aunkur Arya, head of mobile at Braintree. And if you missed...

MagicCube, Sequent And Splitting The Data Security Difference

Why is MagicCube better than what’s out there? MagicCube is a platform that makes it easy to bring a lot of advanced weapons to the fight — without drowning...

The Security Influencers Channel Episode 24: Nancy Zayed

Thanks for joining us on another episode of The Security Influencers Channel, as we host brief and highly informative interviews with influential security ...

The daily briefing

Keynotes at BSides yesterday highlighted calls for true multidisciplinary cooperation on the very large-scale problems we face in cybersecurity. The discip...

Women in Business Q&A: Nancy Zayed, Founder and CTO, MagicCube

Prior to her current role, Nancy was the Head of Engineering and Operations at innoPath, a founding member of OMA, where she led the global engineering dev...

Why Apple Needs to Power and Secure Swiss Watches Instead

Back in September, I wrote on how skeptical I was that a piece of technology would replace a fashionable accessory. Several months have passed and, althoug...

451 Research: MagicCube touts hardware-grade security environment for mobile cloud transactions

The vendor provides a software-based platform that secures the transfer of data between the device and the cloud. With a Visa partnership in its pocket, Ma...

2017 in Review: Cyber-Security Funding Reveals Risks and Opportunities

A lot of money poured into cyber-security startups over the course of 2017, as venture capitalists look beyond data breaches to find financial opportunities.

MagicCube to launch its PIN-on-Glass product at Money 20/20 Europe in suite of IoT and PoS systems

MagicCube, the company that claims the world’s only Software Trusted Execution Environment platform (sTEE), is exhibiting at Money 20/20 Europe in Amsterdam ...

IDC Technology Spotlight

A New Approach to Payment Security

Axios Pro Rata Newsletter

MagicCube, a Santa Clara, Calif.-based startup that wants to enable large-scale deployment and management of IoT solutions to consumers, has raised $8.5 mil...

MagicCube and ID Tech Global Partnership

MagicCube, ID Tech partner to bring hardware-free and PIN-on-Glass products to market

How should retailers respond to Amazon Go? 7 experts weigh in

Retailers need to invest in people and technology -- but also use data more effectively to improve the in-store experience.

MagicCube, ID TECH to deliver Soft POS and PIN-on-Glass solutions

MagicCube, developer of Software Trusted Execution Environment platform, has partnered with ID TECH, a point-of-sale (POS) peripherals provider, to launch a ...

Why PIN on Glass Is the Next Big Thing

The key to higher acceptance rates for cards, lower fees for merchants, and better security lies in moving the point of sale from hardware to software, says ...

Business ideas for 2018: IoT security

The Internet of Things is here, but as connected cars, kettles and more are hacking targets, 2018 will see consumers keen to safeguard their devices...

The Celebs, The Events, The Tech: Inside CES 2018

MagicCube announced the offering of a screen that enables the display of a regular consumer mobile device to be used as a PIN entry device by payment network...

List of 200 cybersecurity startups that received venture capital in 2017

Cybersecurity Ventures predicts global spending on cybersecurity products and services will exceed $1 trillion cumulatively, from 2017 to 2021.