ROCKLIN, Calif. -- Futurex, Inc., a provider of payment security products for the financial industry, says that Helvetia del Caribe, Inc., will become the exclusive reseller of its products in Puerto Rico.
Helvetia del Caribe has certified Futurex's Excrypt line of Host Security Modules (HSMs) and will sell the modules to existing and new credit unions that use Helvetia's NCUS (Next generation Credit Union System), according to a news release.
According to the release, more than 70 percent of the credit unions in Puerto Rico use the NCUS system.
The modules feature an established upgrade path to industry standards such as Triple DES encryption, and advanced key management features used by both Excrypt and Helvetia's NCUS system.
According to the release, Futurex provides data security solutions to more than 15,000 banks and credit unions worldwide.
