12th Aug 2015 08:09
LONDON (Alliance News) - Payment software and services company Universe Group PLC Wednesday said its subsidiary HTEC has launched a new card payment encryption service called 'Perseus'.
The new service adds an additional layer of security to card payment transactions at the point of sale, Universe Group said.
"We are delighted to launch this innovative, propriety encryption solution, Perseus. It marks a first in the petrol forecourt sector and enables us to offer any customers dealing with card payment transactions significantly enhanced data security as well as cost savings as they discharge their compliance obligations. We expect to be able to announce our first customer deployments in due course," said Chief Executive Officer Jeremy Lewis in a statement.
Shares in Universe Group were down 1.1% at 8.65 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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