Securicor said today that it will close its SafeDoor secure online payment service with immediate effect. No further trading will be conducted through the portal from 8 May.
SafeDoor chief executive Stephen Taylor said that, although the company "possessed good potential", it "was not core to the group's future" because it would require ongoing investment that could be better used elsewhere.
The security company said that interest had been shown from several prospective purchasers, but that none of them has led to a substantive offer for the business.
SafeDoor was set up to combat one of the biggest bugbears of ecommerce: customer security fears.
The secure payment portal allowed customers to buy goods online without sending financial details, such as credit card numbers, over the internet.
A note sent out to retailers this morning informed them that references would be maintained for a limited period, allowing visitors to choose to shop directly with the retailers without using SafeDoor.
Orders dispatched before the end of May will still be processed and customer cards will be debited as normal, but orders not dispatched by 31 May, including pre-orders, will be cancelled, the company said.
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