PCI-PAL PLC Continued Channel Strategy Success & Contract Wins (8482B)

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RNS Number : 8482B

PCI-PAL PLC

12 June 2019

PCI-PAL PLC

("PCI Pal", the "Group", or the "Company")

Continued Execution of Channel Strategy

with key Partnership Contract Wins

PCI-PAL PLC (AIM: PCIP), the secure payments provider to contact centres, is pleased to announce it has signed a global extension to its UK reseller contract with leading CCaaS* and UCaaS** vendor, 8x8 Inc. This agreement builds on the Company's existing relationship with 8x8 in the UK. The Company is also pleased to announce today that this reseller contract has already generated the partnership's first customer contract in the U.S. with a market leading brand in the travel sector.

Leveraging PCI Pal's globally accessible AWS cloud platform, this fully integrated solution will enable 8x8 to deliver secure payment services to their customers across the globe through simplified deployment processes and without the need for on-premise hardware. The fully integrated service is expected to be generally available within the next few months.

In addition, PCI Pal has also extended its existing partner relationship with a leading telecommunications company in Canada, signing a fully integrated reseller contract. This new agreement, and the integration of our respective technologies, gives PCI Pal access to the full range of their contact centre and telco customer base in both Canada and other territories in which they operate.

Commenting on the contracts, James Barham, Chief Executive Officer of PCI Pal, said:

"We are very excited by these important contract extensions with two major North American-headquartered partners. Both partners are in key target areas for our global partner programme; CCaaS/UCaaS and telco/carrier respectively. With customers from both partnerships already live on our platform, we have a strong foundation from which to open up the expanded reach provided by these new extended agreements.

"These contracts, as well as other integrated reseller partner wins announced earlier in the year, further strengthen our strategic market position as the preferred solution provider for secure payments to integrated telephony providers globally."

*CCaaS - Contact Centre as a Service

**UCaaS - Unified Communications as a Service

For further information, please contact:

 
 PCI-PAL PLC                                    Via Walbrook 
                                                 PR 
 James Barham - Chief Executive Officer 
  William Good - Chief Financial Officer 
                                                +44 (0) 20 
 finnCap (Nominated Adviser and Broker)          7227 0500 
 Marc Milmo/ Simon Hicks (Corporate Finance) 
  Richard Chambers (Corporate Broking) 
                                                +44 (0) 20 
 Walbrook PR                                     7933 8780 
                                                +44 (0) 797 
 Tom Cooper/Paul Vann                            122 1972 
                                                [e-mail] 
 

About PCI Pal:

PCI Pal is a specialist provider of secure payment solutions for contact centres and businesses taking Cardholder Not Present (CNP) payments. PCI Pal's globally accessible cloud platform empowers organisations to take payments securely without bringing their environments into scope of PCI DSS and other relevant data security rules and regulations.

With the entire product portfolio served from PCI Pal's cloud environment, integrations with existing telephony, payment, and desktop environments is simple and light-touch, ensuring no degradation of service while achieving security and compliance.

PCI Pal has offices in London, Ipswich (UK) and Charlotte NC (USA). For more information visit www.pcipal.com or follow the team on Twitter @PCIPAL.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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June 12, 2019 02:00 ET (06:00 GMT)