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3 Oct 2018 07:00
PCI-PAL PLC
("PCI Pal", the "Group" or the "Company")
$850k three year contract for global manufacturer
PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, is pleased to announce a contract win for an initial three year period with a minimum total value of $850,000, of which there is an annual recurring licence fee element of $220,000. The contract, secured via a US reseller, is with a global home appliances manufacturer.
Due to its Amazon Web Services ("AWS") technology, PCI Pal was able to secure the contract for both the customer's North American and European operations, with the capability to ensure data sovereignty of the customer's data to the region within which it is handled, and without any local hardware installation.
Commenting on the contract, William Catchpole, Chief Executive Officer of PCI Pal, said:
"The ultimate client and the way this contract has been secured validates both our decision to develop the AWS enabled technology and our preference for selling principally through a reseller network. PCI Pal can deliver services to multi-national clients, securing their customers' data regionally, and delivered entirely from the cloud."
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
PCI-PAL PLC | Via Walbrook PR |
William Catchpole - Chief Executive Officer William Good - Chief Financial Officer
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finnCap (Nominated Adviser and Broker) | +44 (0) 20 7227 0500 |
Geoff Nash/Simon Hicks (Corporate Finance) Richard Chambers (Corporate Broking)
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Walbrook PR | +44 (0) 20 7933 8780 |
Tom Cooper/Paul Vann | +44 (0) 797 122 1972 |
| tom.cooper@walbrookpr.com |
About PCI Pal:
PCI Pal is a Payment Card Industry Data Security Standard ("PCI DSS") Level 1 certified supplier of contact centre payment solutions and services, with operations in Europe and North America, enabling organisations to take customer payments securely over the phone, and to de-risk their business from the threat of data loss and cybercrime.
PCI Pal solutions have been procured by more than 90 organisations, many of which are global businesses in the retail, services, and utilities sectors, thereby ensuring they meet industry rules and regulations governing customer data protection.
To understand our core services better please view our video on https://www.pcipal.com/en/solutions/agent-assist/
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