According to the press release, as part of the investment, MagicCube and Visa will look to further their partnership by exploring new use cases in the payments industry, like ‘Tap to Phone’, where the platform can bring next generation security, operability, and ease of integration.
Moreover, MagicCube's products enable consumer devices to read contactless cards from Visa and from all other major card brands, while securely capturing financial PIN and other verification methods, including biometrics. The solution provides end-to-end functionality and security, which was previously limited to hardware-based terminals.
The entirely software-based solution offers a plug-and-play, fully contained module that can fit into the current flows of any modern acquiring bank or merchant acceptance solution.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now