MagicCube | January 27, 2022
MagicCube™, the startup that created the Software Defined Trust (SDT) category, today unveiled i-Accept Cloud™, the world's first open, cloud-based softPOS acceptance platform that simplifies the creation of new merchant payment acceptance and digital commerce solutions. i-Accept Cloud connects the currently siloed parties in the payments' acceptance chain—including acquiring banks, payments systems providers, and merchants—into a software-based, frictionless cloud model that is not tied to legacy hardware or bound by a specific device maker, its operational system, or payment card network. This allows different players to more easily create and manage their own payment acceptance networks.
Acquiring banks and merchants globally spend $70 billion every year in hardware to keep up with payment innovations and accept new form factors, such as contactless and mobile. i-Accept Cloud aims to positively disrupt this market by offering payments acceptance providers a robust, ready to scale, fully digital ecosystem, creating new options for retailers of all sizes. Whether they already have a legacy system in place and want to more easily expand their POS infrastructure to manage the new use cases brought up by contactless technology, such as large screens; or are micro and small merchants who want to expand their business by accepting digital payments for the first time, i-Accept Cloud offers agility and flexibility previously attainable only by larger merchants with big budgets.
i-Accept Cloud provides all the needed backend support to deploy software-based POS solutions that are easily scalable, and continuously updated to comply with current and future industry standards. Customers can free up time from integration to refine UX, UI, business logic, and other priorities unique to their merchants and retailers.
High Security, Low Complexity
A software-based acceptance platform requires building and securing EMV kernels—the complex code that provides processing logic and data needed to perform a transaction—as well as developing secure PIN and other authentication methods on mobile devices without decreasing user friendliness. i-Accept Cloud converts these work-intensive processes into a simple API model, enabling the development teams of acquiring banks, system integrators, and others to create their own payment acceptance platforms using pre-certified components that are maintained to meet the latest specs and standards.
"MagicCube's cloud-based platform offers a unique approach to payment acceptance by removing the need for live devices, offering considerably more flexibility and other significant advantages over traditional hardware options, This is one of the reasons why we not only partnered with MagicCube to integrate our end-to-end payment solution with their offering, but also invested in the company's latest funding round."
-Michael Isaacman, Chief Commercial Officer at Shift4.
Leading the Way
MagicCube's software-based, virtual Trusted Execution Environment (vTEE) is the first and only software solution to be recognized by EMVCo—the global consortium in charge of setting interoperability and payment acceptance standards—to deliver comparable levels of protection as hardware-based approaches. The company's unique technology has also landed a seat at the PCI Security Standards Council Board of Advisors, the global industry body focused on regulating payment security standards.
A Global Ecosystem Out of The Gate
i-Accept Cloud is fully deployed, approved by the four main card networks, and available through a growing global network of processors, acquirers, and device makers:
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.
Google Cloud | January 21, 2022
As retailers across the globe are navigating the ripple effects of COVID-19, an ongoing labor shortage, supply chain difficulties and consumers’ rising expectations, NCR Corporation (NYSE: NCR) and Google Cloud are partnering to help them to turn these challenges into opportunities. With the expansion of their strategic partnership, NCR and Google Cloud are now bringing additional platform and cloud capabilities, including AI and machine-learning solutions to retailers worldwide, giving them access to best-in-class tools and unmatched flexibility to deliver exceptional in-store experiences for consumers.
Retailers like BevMo!, are already experiencing the benefits of running NCR’s retail point of sale (POS) software on Google Cloud as a key addition to the NCR Commerce Platform: “The strength of the NCR Commerce Platform, combined with Google Cloud, enables us to integrate cloud-native applications and services that will enhance our customers’ experiences with our brand – both online and in the store. Leveraging the NCR platform, BevMo has integrated technology also bringing the GoPuff delivery experience to 55% of California’s population,” said Naveen Singhal, Vice President Retail Technology and CIO of GoPuff-BevMo, the leading alcoholic beverage specialty retailer in the western United States.
The NCR Commerce Platform unifies NCR’s software solutions, allowing retailers to easily run the store from end-to-end through APIs (Application Programming Interface) that are available on Google Cloud’s Apigee. Under this partnership agreement, NCR will extend its NCR Commerce Platform and its Retail software portfolio onto Google Cloud’s global and trusted infrastructure to create the flexible technology retailers need to introduce highly personalized shopping experiences.
“Our partnership with Google Cloud gives retailers the power of modern cloud infrastructure coupled with valuable insights into their software, Through the combined strength of our brands, retailers will benefit from NCR’s industry leading platform capabilities and domain expertise along with the trusted, secure cloud platform provided by Google Cloud, making it their technology foundation for the future.”
-David Wilkinson, President and General Manager of NCR Retail.
“Digital penetration soared in response to the pandemic, and the continued growth in curbside and other omnichannel services show how the physical store is central to a modern strategy, The future of retail will continue to be channel-less, and retailers are quickly evolving the entire in-store shopping experience, from walk-in to checkout, using data in new ways and creating frictionless experiences between digital and store. We’re delighted to partner with NCR to help retailers modernize their approaches to store solutions.”
-Carrie Tharp, VP of Retail & Consumer at Google Cloud.
About Google Cloud
Google Cloud accelerates organizations’ ability to digitally transform their business with the best infrastructure, platform, industry solutions and expertise. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading enterprise technology provider that runs stores, restaurants and self-directed banking. NCR is headquartered in Atlanta, Ga., with 38,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
Cision PR Newswire | October 22, 2020
Flooid, the leading specialized commerce platform that delivers basket functionality across any channel, today announced a formal partnership with HTK, a leading provider of retention marketing technology for the retail industry.
Flooid and HTK first started working together in 2019, including collaboration to integrate the HTK Horizon and Flooid Core products which provide the foundation for the new "Krispy Kreme Rewards" programme. With Horizon handling customer and issuance, and Flooid Core Personalised Offers managing the sales channel connection and customer wallet, Krispy Kreme now has a powerful omnichannel solution that can flex and adapt to allow future innovation. Together, the two companies help retailers issue and redeem rewards across channels, while personalizing engagement and adding value with every transaction.