PHOENIX and CHICAGO, July 11, 2019 /PRNewswire-PRWeb/ -- The producers of the Mobile Payments Conference announced today that Sam Shawki and Nancy Zayed, founders of MagicCube, the creator of the world's only Software Trusted Execution Environment platform, will be the first-ever recipients of the MPC Visionary Award. The MPC Visionary Award was founded to honor "game-changers" that push the payments industry forward. It will be presented to MagicCube by The Green Sheet's Dale Laszig, at MPC19, August 26, at the Swissôtel Chicago, in recognition of MagicCube's hardware-free security platform, which has established an entirely new industry category, representing a new era in payments security.
"We're excited to recognize MagicCube as the inaugural winner of the MPC Visionary Award," said MPC Executive Director Marla Ellerman. "MagicCube literally has created a new payment security category. Its practical application for merchants is immediate and can only be described as a 'game-changer.'"
"Our EMV-certified platform is disrupting the world of traditional payment acceptance devices," said MagicCube CEO and Co-founder Sam Shawki. "Our technology enables payments to be proliferated to almost any device that is already in the retail system. Dedicated acceptance devices—which are typically expensive and hard to integrate—will no longer be needed."
MagicCube CTO and Co-founder Nancy Zayed said, "We are delighted to be recognized for creating a whole new category in an industry where standards have been dominated by hardware." She added, "We are proud to lead a category that will shift the security of mobile and IoT devices into a whole new paradigm we like to call Software Defined Trust (SDT)."
About the MPC Visionary Awards
Recipients of the MPC Visionary Award are identified and nominated by the Mobile Payments Conference executive team led by Executive Director Marla Ellerman and the MPC Board of Advisors, which includes payments industry experts, analysts and journalists. Nomination and selection are based solely on their discretion. Candidates are nominated based on one or more of the following criteria:
- Focusing on future impact
- Designing new technology
- Disrupting accepted processes
- Shrinking investment or costs
- Accelerating time to market
MPC19 Visionary Award Recipient
The inaugural MPC19 Visionary Award will be presented at MPC19, August 26, 2019, at the Swissôtel, Chicago. The ceremony will be held at 5:20 p.m. in Lucerne I.
The MPC19 Visionary Award will be presented to MagicCube for its hardware-free security solution, which secures digital transactions on any device, in transit and in the cloud with the same level of security as device-based hardware solutions without the complexity and cost.
MagicCube is leading the Software Defined Trust (SDT) category with its software TEE-based platform. The technology enables large-scale deployment and management of IoT and mobile-secure solutions to consumers. For more information, visit http://www.magiccube.co
EMVCo facilitates worldwide secure interoperability and acceptance of payment and digital transactions.
*EMV is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.
About the Mobile Payments Conference
The Mobile Payments Conference is the premier annual conference and exhibition on the future of alternative payments worldwide. MPC is known for bringing together thought leaders, innovators and decision-makers from financial, technology, government, retail, marketing and mobile industries to discuss the evolution of the payments industry. Attendees benefit from access to the world's foremost experts in emerging payments and commerce, blockchain and digital currencies, cybersecurity and consumer privacy, customer experience and loyalty, and customer engagement and marketing.
MPC19, the 13th Mobile Payments Conference, is set for Aug. 26-28 at the Swissôtel Chicago. This year's theme, "Global Commerce in Motion: Enabling Frictionless Mobile Payments," will focus on the impact of the 5G revolution on mobile commerce and removing friction from the payments process for users and merchants. For more information or to register, visit http://www.mobilepaymentconference.com
SOURCE Mobile Payments Conference