ACI Worldwide to add microservices card switching via Cranium Ventures acquisition
ACI Worldwide has agreed to buy Cranium Ventures, a developer of cloud-native card payment switching technology. Financial terms were not disclosed.
ACI Worldwide has agreed to buy Cranium Ventures, a developer of cloud-native card payment switching technology. Financial terms were not disclosed.
BELLINGS Intelligence Score: 12
Why it matters
The acquisition of Cranium Ventures by ACI Worldwide is a routine technology integration in the payments sector with limited immediate impact on credit markets or systemic credit conditions.
Sources
Finextra
ACI Worldwide to add microservices card switching via Cranium Ventures acquisition
ACI Worldwide has agreed to buy Cranium Ventures, a developer of cloud-native card payment switching technology. Financial terms were not disclosed.
Payments Dive
ACI buys UK payments tech firm
The deal for Cranium Ventures and its cloud-based card-payments technology aims to help ACI expand in card infrastructure.