PCI PAL (GB:PCIP) has released an update.
PCI-PAL PLC, a global cloud provider of secure payment solutions, has announced a confidential settlement with Sycurio, concluding patent litigation that began in September 2021 in both the UK and US. The settlement comes after PCI Pal’s notable legal victory which resulted in Sycurio’s UK patent being declared invalid and not infringed. PCI Pal’s CEO, James Barham, expressed relief over the end of the litigation, highlighting the company’s continued progress and strong market position with innovative IP, solid cash reserves, and a profitable growth strategy.
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