PCI-PAL confirms two new contracts
PCI-PAL
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16:35 21/05/24
Contact centre payment solutions provider PCI-PAL announced that it secured two “significant” contracts for its services on Friday.
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The AIM-traded firm said that in the first contract, the company was the preferred supplier from a market-wide review by one of the world's “leading” outsourcing providers of customer experience management.
It said that with more than 50,000 agents worldwide, the contract was for the UK and would last for not less than two years, and was estimated to be worth in excess of £0.15m per annum.
In the second contract, PCI-PAL was selected following a competitive tender by a Fortune 500 global energy provider with a €25bn turnover, operating in 100 countries and with 160,000 employees.
The contract was to provide services to the client’s US businesses for not less than three years from commencement, with an initial contract value in excess of £0.08m per annum.
“We are delighted to be working with these two significant global customers on their mandatory payment card industry requirements and look forward to rolling out our compliant solutions to many additional territories covered by these new clients,” said chief executive William Catchpole.
“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.”
Catchpole said the board was continuing to see the market waking up to the effects of cybercrime, and with the imminence of the General Data Protection Regulation driving PCI compliance the firm was “well-placed” to capitalise on the opportunity.
“We look forward to updating the market in due course on further anticipated contract awards.”