19th Dec 2019 10:34
(Alliance News) - Shares rose in PCI-PAL PLC on Thursday as it secured a three-year contract in the US, for the provision of its PCI PAL Agent Assist and Interactive Voice Response products to an unnamed private company.
Shares in the London-based secure payment services provider were 11% higher at 33.15 pence on Thursday.
The contract was won through a competitive tender process following a successful proof of concept, and has an annual contract value of USD566,000.
Under the contract, the US firm will use PCI-PAL Agent Assist for its contact centre operations, and PCI-PAL IVR for providing secure payments through its automated payment channels.
The first year's licence and professional services fees were invoiced on the signing on the contract, while the second and third year licences will be invoiced when agreed delivery milestones are met.
PCI-PAL anticipates this to take place within its current financial year ending June 30, 2020.
"We are very pleased to announce this major US contract win in what is only our second full year of trading in North America. It is particularly encouraging that this contract was won following a competitive tender process against our main global competitors. The selection of our market leading, globally available, cloud offering by this enterprise-size customer is further endorsement of its appeal to US based companies," said Chief Executive Officer James Barham.
By Dayo Laniyan; [email protected]
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