PCI-PAL PLC - provides software-as-a-service allowing companies to take payments from customers - Launches Pay by Bank product for contact centres. Pay by Bank makes ‘highly secure’ bank to bank payments possible across all contact centre channels, including by phone, live chat and SMS. Pay by Bank is the first in a series of agent-assisted digital payment products which help to minimise transaction costs and provide instant refunds, the company says. The first iteration gives consumers the option to pay from any bank in the UK. PCI-PAL says further global regions will be launched ‘shortly.’

Chief Executive Officer James Barham said: ‘With this first new payment-focused product, we are taking the first steps in the company’s expanded growth plans, broadening our product focus, empowering merchants with more payment capabilities to drive revenue and reduce costs, whilst capitalising on our core strategic foundations across technology and the partner eco-system we have built to date.’

Current stock price: 56.70

12-month change: down 23%

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