Significant contract with international business

RNS Number : 3266D

PCI-PAL PLC

26 April 2017

 

PCI-PAL PLC

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

Significant contract win with international business

PCI-PAL PLC (AIM: PCIP), a global supplier of PCI^[1]-compliant contact centre payment solutions, announces that it has been selected in a competitive tender by a world leader in the automotive repair market, replacing a legacy service provider.  The customer has a Euro 3 Billion turnover, operates in over 30 countries and 5 continents, and has in excess of 25,000 employees worldwide. The contract is for the provision of PCI-PAL technology and services, initially in one country, for not less than three years, and is estimated to be worth in excess of £120,000 per annum. Further deployments are expected to follow for this customer.

William Catchpole, CEO of PCI-PAL, commented:

"We are delighted to be working with this significant global customer to help solve their mandatory payment card industry requirements and look forward to the opportunity to roll out our PCI-compliant solutions to additional territories where this customer operates contact centres.

"This is the third significant international contract that we have recently won, illustrating the strong momentum in the business, the global appeal of our technology, and expanding geographic reach of our sales channels.  These new customer deployments will significantly contribute to our international growth plans and represent a compelling endorsement of our technology."

^{[1] "}PCI" refers to Payment Card Industry and the Company's solutions meet the Level 1 requirements of the PCI Data Security Standard.

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 1 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.

In May 2018, the new General Data Protection Regulations come into force across the EU. Material data breaches can now lead to fines of up to 4% of an offending organisation's worldwide turnover.   This, together with the PCI regulations, means that all organisations who take contact centre payments need to carefully monitor and control their PCI and data compliance.

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

 

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