New contract awards

RNS Number : 8671B

PCI-PAL PLC

07 April 2017

 

PCI-PAL PLC

("PCI-PAL", the "Group" or the "Company")

Significant contract wins with two multinational businesses

with initial contract value in excess of £550,000

PCI-PAL PLC (AIM: PCIP), the supplier of contact centre payment solutions which enable organisations to take customer payments securely, de-risking their business from the threat of data loss and cybercrime, announces that it has secured two significant contracts for its services.

In the first contract, PCI-PAL is the preferred supplier from a market-wide review by one of the world's leading outsourcing providers of customer experience management. With over 50,000 agents worldwide, this contract is for the UK and will last for not less than two years and is estimated to be worth in excess of £150,000 per annum.

In the second contract, PCI-PAL has been selected following a competitive tender by a Fortune 500 global energy provider with a 25 Billion Euro turnover operating in 100 countries and with 160,000 employees, to provide its services to its US businesses for not less than three years from commencement with an initial contract value in excess of £80,000 per annum.

William Catchpole, CEO of PCI-PAL, commented:

"We are delighted to be working with these two significant global customers on their mandatory payment card industry ("PCI") requirements and look forward to rolling out our compliant solutions to many additional territories covered by these new clients. Today's announcement reinforces our position as one of the market leaders in delivering cloud-based PCI compliant solutions to the largest and most demanding clients.

"We continue to see the market waking up to the effects of cybercrime and with the imminence of the General Data Protection Regulation driving PCI compliance we are well placed to capitalise on the opportunity. We look forward to updating the market in due course on further anticipated contract awards."

For further details, please contact: PCI-PAL Plc William Catchpole - Chief Executive Officer William Good - Chief Financial Officer Via Walbrook PR N+1 Singer (Nomad & Broker) Aubrey Powell / James White [phone] Walbrook PR Tom Cooper / Paul Vann [phone] [phone] [e-mail]

Notes to Editors:

PCI-PAL is a Payment Card Industry-Data Security Standard level one certified supplier of contact centre payment solutions and services enabling organisations to take customer payments securely, to store customer data safely, in particular credit card data, and to de-risk their business from the threat of data loss and cybercrime. 

PCI-PAL solutions are currently used in more than 60 organisations, many of which are global businesses in the retail, services, and utilities sectors, utilising PCI-PAL technology to ensure they meet industry rules and regulations governing customer data protection.

PCI-PAL PLC and its predecessor has been on the AIM market of the London Stock Exchange since September 2000.

 

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