COMPANY BACKGROUND
PCI-PAL is a market leader in secure payment services for business.  PCI-PAL provides products and services that enable organisations to securely take customer payments, safely store customer data, in particular credit card data, and to de-risk their business activities from the threat of data loss and cybercrime.
PCI-PAL allows companies to achieve compliance with the Payment Card Industry Data Security Standard (PCI DSS) without the need to invest in or maintain their own infrastructure.  The PCI DSS is a standard developed by the major card schemes globally, and is a requirement for all companies handling card payments from customers. 
PCI-PAL’s leading products are the ‘PCI-PAL Agent Assist’ tool and the ‘PCI-PAL Automate’ services; both of which are secure payment solutions for contact centres to process customer credit card details securely and in adherence with the PCI DSS.
 PCI-PAL was one of the first organisations globally to achieve compliance with PCI DSS within a cloud telephony platform.  We have a client base that includes major global brands and other organisations utilising technology to secure customer data, protect their reputation, and reduce the costs associated with  compliance to global data security requirements. 

 In addition to contact centre payments and data security, the business maintains a client base of general cloud communications services that utilise the businesses secure cloud environment to ensure high availability, data security, and intelligent cloud telecommunications services.  These services include bespoke interactive voice response, multi-lingual automation, international numbering, media response tracking and associated cloud contact centre services. 
 PCI-PAL has an established history in the contact centre, software, and telephony space; having successfully grown businesses in both the outsourcing and desktop software space.  The company board is made up of professionals experienced in these relevant sectors.  The business has a focus on the payment security and cyber security market, one which has expanded quickly in the last 10 years; with cyber-crime being high on many boards’ agendas.  PCI-PAL has achieved the highest standards of security with global card scheme rules and is capable of handling data in adherence with data rules for any company worldwide.

The company’s shares are listed and traded on AIM

Update on Company Changes & Change of Name
RNS
RNS Number : 4523L
IPPlus PLC
03 October 2016
 
This announcement repeats information contained within the announcement by IPPlus Plc at 13.00 hours on Friday 30 September 2016 under RNS number 3669L and updates information relating to the change of name and the TIDM1 under which the Group's shares are admitted to trading on AIM.
 
3 October 2016
 
IPPlus PLC
("IPPlus" or the "Group")
 
Completion of Disposal,
Change of Name and Registered Office,
and Board Changes
 
IPPlus Plc (AIM: IPP), the customer engagement specialist focussed on secure payment solutions, is pleased to announce that following the successful passing of all resolutions put to the general meeting held on 30 September 2016 (the "General Meeting"), the disposal of IPPlus (UK) Limited and CallScripter Limited (the "Disposal") has now completed and as a result IPPlus has exited its call centre operations. 
 
New Focus and Available Resources
 
Following completion and including the proceeds of a property sale, the continuing Group now has approximately £4.8 million in net cash.  A further announcement will be made in relation to the proposed special dividend of £1 million to shareholders. The Group will now focus its efforts and resources on the significant opportunities in secure payments presented by its PCI-PAL products and services, in which both the client base and transaction volumes have been growing.  
 
Change of Name and Registered Office, New Trading Symbol ("PCIP")
 
Following shareholder approval to the change of name at the General Meeting held on 30 September 2016, the Group is pleased to announce that the new name of PCI-PAL PLC will today be registered at Companies House.  The new name will reflect the sole focus of the Group on its secure payments solutions business.  The Company also confirmed on Friday 30 September 2016 that it had changed its registered office with immediate effect to Unit 7, Gamma Terrace, Masterlord Estate, Ipswich IP3 9FF.
 
It is expected that trading in the Company's shares on AIM under the new name of PCI-PAL PLC and under the TIDM1 "PCIP" will commence with effect from 8.00am on Tuesday 4 October 2016.  Certificated shares held in the old name of IPPlus PLC will remain valid.
 
Board Changes
 
To support the planned growth in its business, PCI-PAL PLC is pleased to announce the appointment of James Barham and Andy Francombe to its Board of Directors.  Andy Francombe joins as Chief Financial Officer and James Barham is promoted to Commercial Director. The appointments took effect following completion of the Disposal on 30 September 2016.
 
James Christopher Barham, aged 34, graduated from Bath Spa University and worked for Hiscox Plc and Call Connection Ltd before joining IPPlus in 2008, where he held several senior management positions before being appointed to the Board of IPPlus (UK) Limited in 2015.  James has been instrumental in the growth of the telecoms and payments businesses and the ultimate evolution of the PCI-PAL product suite.  James is responsible for sales, operations and commercial development.
 
Andrew ('Andy') Kevin Francombe, aged 53, is a Fellow of the Institute of Chartered Accountants in England & Wales having qualified with Ernst & Young.  Andy has held senior finance roles for The Coca-Cola Company in Europe and Macquarie Bank, in addition to being Finance Director at Conran Restaurants and Deputy Finance Director at Schweppes Beverages.
 
Finally, as outlined in the Company circular published in connection with the disposal, Stuart Gordon has resigned from the Board with immediate effect. The Board would like to thank Stuart for his many years of service and wishes him well in his future endeavours.
 
William Catchpole, Chief Executive Officer of IPPlus Plc, commented:
 
"This marks the beginning of our next phase of growth and is a very exciting time for the business.  The opportunities to grow our secure payments operations are without doubt considerable.  We have an excellent team in place and cash resources to pursue our strategy."