MagicCube becomes a PCI Principal Participating Org to drive global payment security

By Edlyn Cardoza

MagicCube, the company that created the Software Defined Trust (SDT) category and developed i-Accept, the soft POS payment solution, recently announced that it is now a PCI Security Standards Council (PCI SSC) Principal Participating Organisation. MagicCube will help drive the security of the future of global payment experiences with a strategic level of leadership, participation, 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’s Board of Advisors a 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 wider inclusion and adoption. Global industry collaboration is critical to this mission. The Council’s Participating Organisations program brings together industry leaders to strategise how to protect payment data from emerging threats and anticipate the needs of an ever-changing payment ecosystem.

“Every day, companies and organizations across the globe face an ever-changing payment landscape with new and evolved threats attacking to their systems, and data,” 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.”

In this new role as a Principal Participating Organization, MagicCube will work within PCI to contribute to the strategic direction and technical discussions and build consensus for supporting the Council’s new and progressive initiatives.

“We are proud of our participation in many of the council’s effort, 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 bigger strategic role, we are humbled and excited to push innovative software security technologies designed to be on par with hardware-based security, yet with the ease, practicality, and agility of software.”