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

SANTA CLARA, Calif., Aug. 24, 2020 /PRNewswire/ — MagicCube, the creator of the world’s only Software Trusted Execution Environment platform, today announced a strategic investment from Visa. Visa, which previously invested in the company, is renewing its support for MagicCube with this latest financing as the company continues to gain momentum in global partnerships and customers to bring its virtual TEE-based platform and solutions to scale. 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.

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