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ACI Worldwide to Add Microservices Card Switching Through Cranium Acquisition
Source: pymnts.com
M&A & RestructuringFintechTechnology & InnovationCompany Fundamentals
ACI Worldwide agreed to acquire privately held Cranium Ventures to expand its card-processing capabilities, adding cloud-native card payment switching technology. The deal supports ACI’s strategy to broaden its payments infrastructure offering, which is generally supportive for growth expectations, though deal value/terms weren’t provided in the excerpt.
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