PCI-PAL PLC Significant contract with international business (3266D)
26 April 2017 - 4:00PM
UK Regulatory
TIDMPCIP
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 GBP120,000 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 Via Walbrook PR
William Catchpole - Chief
Executive Officer
William Good - Chief Financial
Officer
N+1 Singer (Nomad & Broker)
Aubrey Powell / James White +44 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
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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