News from the Wire

Ultra Payment’s PayGate conforms to latest Internet security protocols

Wednesday, January 06, 2016 — 11:52:28 (EST)

Letchworth, United Kingdom, Jan. 6, 2016 -- Ultra Payments (formerly Barron McCann Payments), a business unit of Ultra Electronics, is pleased to announce five months ahead of the deadline that its PayGate Payment solutions now conform to the latest Bacs connection protocols and upcoming internet security and browser changes.

All existing customers of Ultra Payments will receive the upgrade at no cost as we continue to move to a no end-of-life policy across its product range.

Bacs direct submitters that are not Ultra Payment customers should contact us to discuss migrating to a payments solution with no end of life guaranteed, that is tested and ready to deploy in readiness to meet the 1 June 2016 deadline.

PayGate is available either as a cloud-based payment gateway, a hosted and managed Enterprise solution or on premise solution for direct submitters; migration can be accomplished easily and quickly with minimum disruption and cost.

Why is the change taking place?

A new and more sophisticated level of internet security, known as SHA-2, is being adopted by the likes of Microsoft and Google. Organisations that use Bacs to collect or make payments, including paying salaries and pensions, should ensure they can accommodate these changes. Failure to do so could result in being unable to access Bacs’ services after 1 June 2016.

At the same time as this change is being made by the internet community, Bacs will withdraw support for older connection protocols to provide even more protection for the communications pipeline between the internet-based service access points, Bacstel-IP and the Payment Services Website, and the service user.

After 1 June 2016, only TLS 1.1 and 1.2 will be supported. It will not be possible to access Bacs via Bacstel-IP or the Payment Services Website after 1 June 2016 if service users do not have in place a web browser, operating system, and if used, a Bacs Approved Software Solution that support these changes.

Nick Newman, Ultra Payments Business Manager, said “Our goal is to provide the best Payments solutions to our customers with no end-of-life. The solution we offer has recently been expanded to incorporate BACS, Faster Payments, SWIFT, SEPA, NACHA and other payment methods. In addition we have been adding some new features including Direct Debit Management System (DDMS). We will continue to respond to the needs and requests of our customers as our first priority.”

About Ultra Payments

Ultra Payments specialises in the development and supply of strategic payment processing software, data validation and services to support automated banking and e-commerce.

Robust design with security pedigree ensures that Ultra Payments’ products are fully scalable, highly secure and capable of accommodating any level of transaction processing. Ultra Payments’ commitment to customer quality extends from development using over 30 years of expertise to class-leading technical support and renowned data integrity.

Ultra Payments is a business unit of Ultra Electronics, an internationally successful security & cyber, defence & aerospace, transport & energy company with a long, consistent track record of development and growth.

For more information, please visit www.ultra-payments.com/payments-services/security.aspx .

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Source: Company press release.