PCI PAL (GB:PCIP) has released an update.
PCI-PAL PLC, a global cloud provider of secure payment solutions, triumphed in a patent litigation against competitor Sycurio Limited, with the UK Court of Appeal upholding the High Court’s ruling in favor of PCI Pal, resulting in the revocation of Sycurio’s patent and an award of £1.3 million in costs to PCI Pal. The positive outcome in the UK bolsters PCI Pal’s position ahead of the US trial set for February 2025.
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