The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

Launch of new encryption solution

12 Aug 2015 07:00

RNS Number : 7647V
Universe Group PLC
12 August 2015
 



12 August 2015

AIM: UNG

 

Universe Group plc

("Universe" or "the Group")

 

Launch of new encryption solution

 

Universe (AIM: UNG.L), a leading developer and supplier of point of sale, payment and on-line loyalty systems is pleased to announce that its subsidiary HTEC, has launched an innovative new card payment encryption solution, called "Perseus". The new proprietary solution adds an additional layer of security to card payment transactions at the point of sale and makes HTEC the first provider of point-to-point encryption ("P2PE") technology designed to be equally adept in both the petrol forecourt and traditional retail sectors.

Perseus, which has been approved and listed by the Payment Card Industry Security Standards Council ("PCI SSC"), complements HTEC's proven Gemini Payment Service. The Perseus P2PE solution also provides customers with improved fraud prevention and management to significantly reduce the complexities of their compliance with the PCI SSC's security standards.

Jeremy Lewis, CEO of 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."

 

For further information:

 

Universe Group plc

Jeremy Lewis, CEO

T: +44 2380 689 510

 

 

finnCap

Stuart Andrews/(corporate finance)

Tony Quirke (corporate broking)

 

T: +44 20 7220 0500

KTZ Communications

T: +44 20 3178 6378

Katie Tzouliadis

 

 

 

 

 

About Universe Group plc:

 

Universe provides some of the world's leading retailers with point of sale, payment and loyalty solutions. The Group's solutions are based on its own proprietary software and are offered out of the Cloud on a software as a service model with its data centres processing in excess of 3 billion transactions every year. For further information, please see www.universeplc.com.

 

About Point-to-Point Encryption Solutions:

 

A point-to-point encryption ("P2PE") solution cryptographically protects account data from the point where a merchant accepts the payment card to the secure point of decryption. By using P2PE, payment card data is unreadable until it reaches the secure decryption environment. P2PE solutions can also reduce the scope of the cardholder data environment, which helps simplify compliance efforts with the Payment Card Industry Data Security Standard.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRABUGDILSBBGUB

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.