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Shift4 adopts MagicCube softPOS for contactless payments

EditorAhmed Abdulazez Abdulkadir
Published 01/14/2024, 07:16 AM
Updated 01/14/2024, 07:16 AM
© Reuters.

SANTA CLARA, Calif. - In a move to expand its payment solutions, Shift4 (NYSE: FOUR), a prominent integrated payments and commerce technology provider, has selected MagicCube's i-Accept as its preferred software-based point of sale (softPOS) system. This partnership, announced today, enables Shift4's merchant network to process secure contactless payments directly on Android devices.

i-Accept, developed by MagicCube, converts any Android smartphone or tablet into a payment terminal capable of handling Tap-to-Pay transactions, including those requiring a PIN. The solution supports a variety of contactless payment methods, such as payment cards and mobile wallets like Apple (NASDAQ:AAPL) Pay, Google (NASDAQ:GOOGL) Pay, and Samsung (KS:005930) Pay.

Sam Shawki, CEO and co-founder of MagicCube, said the company's technology simplifies compliance with payment card industry (PCI) standards while offering a flexible and consumer-friendly payment option.

Michael Isaacman, Chief Commercial Officer at Shift4, added that the integration of i-Accept into the Shift4 network is anticipated to begin early this year, promising to enhance the convenience and flexibility for retail businesses.

MagicCube is recognized as a leader in the Software Defined Trust (SDT) category with its virtual Trusted Execution Environment (vTEE) platform. This partnership is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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