PCI-PAL PLC New contract awards (8671B)
April 07 2017 - 2:00AM
UK Regulatory
TIDMPCIP
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 GBP550,000
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
GBP150,000 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 GBP80,000 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 Via Walbrook PR
William Catchpole - Chief Executive Officer
William Good - Chief Financial Officer
N+1 Singer (Nomad & Broker)
Aubrey Powell / James White +44 (0) 20 7496 3000
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper / Paul Vann +44 (0) 797 122 1972
tom.cooper@walbrookpr.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTIFMMTMBTMTIR
(END) Dow Jones Newswires
April 07, 2017 02:00 ET (06:00 GMT)
Pci-pal (LSE:PCIP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pci-pal (LSE:PCIP)
Historical Stock Chart
From Apr 2023 to Apr 2024