MagicCube, a company that created the Software Defined Trust (SDT) category and developed i-Accept the soft POS payment solution is excited to announce that it is now a PCI Security Standards Council (PCI SSC) Principal Participating Organisation. MagicCube will help drive security of the future of global payment experiences with a 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 programmes to support new experiences for the purpose of wider inclusion and adoption. Global industry collaboration is critical to this mission. The Council’s Participating Organisations programme brings together industry providers to strategise about how to protect payment data from the emerging threats and to anticipate the needs of an ever-changing payment ecosystem.
In this new role as a principal participating organisation, MagicCube will work within PCI to contribute to the strategic direction, technical discussions, and build consensus for the support of the Council’s new and progressive initiatives.
“Every day, companies and organisations across the globe face an ever-changing payment landscape with new and evolved threats attacking to their systems, and data,” says Lance Johnson, executive director of the PCI Security Standards Council. “By joining as a principal participating organisation, 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 organisations prevent, detect, and mitigate attacks on global payment data.”
“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” says Nancy Zayed, CTO of MagicCube. “Now that we will play a significantly bigger strategic role, we are humbled and excited to push software security technologies designed to be on par with hardware-based security, yet with the ease, practicality, and agility of software.”
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