Ultra Electronics announces rebrand for Ultra Payments

Ultra Electronics announced the launch of a new brand for Ultra Payments on Tuesday - CORVID PayGate.

The FTSE 250 firm said the division - also previously also known as Barron McCann Payments - specialises in the development and supply of global strategic payment processing software, data validation and services to support automated banking and e-commerce.

CORVID PayGate will meet the “growing aspirations and needs” of customers, the board said, for a highly secure agnostic global platform, allowing almost any payment type to be processed through a single gateway.

“This is a truly exciting time for the payments industry with regulation changes and the digital payments revolution continuing to drive innovation,” said CORVID PayGate head Nick Newman.

“CORVID PayGate will continue to accelerate development and growth to provide the excellent payment processing software and services that we are known for.”