Company Information
The opportunity: secure payments
- In 2000 UK Card Not Present (CNP) fraud was 19.5% of all card fraud
- By 2009, CNP had exploded to 73% (£400m) of card fraud in the UK alone and continues to grow with Internet use
The opportunity: energy management
- The UK Government has mandated in-home displays (IHD) for energy management
- From mid-2011, the specifications for smart meters and IHDs will be pan-European
The Secure Electrans response: international patents securing intellectual property
- Secure Electrans has integrated two previously unrelated technologies: secure payments and energy management.
- Electrans owns three international patents that cover both the way Card Not Present (CNP) transactions can be guaranteed; and the management and transmission of payment/energy data from the home offering secure online payments solutions
- The Electrans Key Patent is very powerful because it covers process and concept and not just technology
About Secure Electrans
- Secure Electrans Limited is a payments and technology software house founded in the UK in 2000
- The business is notable for the high profile of its non–executive directors
- The company operates in a similar fashion to a small PLC
- It is funded by private equity, with 182 shareholders
- The company has no debt
- Investment in products and systems to date is over £13 million
- Installations of the Electrans system began in Q4 2010
- The management team has been strengthened for the next phase of development
The Secure Electrans mission
- Leverage unique intellectual property rights by tackling the global problem of CNP fraud
- Partner with key players in the rollout of smart metering systems
