ACI Worldwide to Add Microservices Card Switching Through Cranium Acquisition
ACI Worldwide has agreed to acquire Cranium Ventures, a privately held developer of cloud-native card payment switching technology, as it seeks to expand its card-processing capabilities. The Omaha, Nebraska, payments technology company said Tuesday (Sept. 1) in a press release that it will incorporate Cranium’s microservices-based switching framework, SYNAP, into ACI Connetic for Cards. ACI […]…
Payments technology company ACI Worldwide announced plans to acquire Cranium Ventures, a cloud-native developer of card payment switching technology, in a deal aimed at expanding its capabilities. The Omaha, Nebraska-based firm stated that the acquisition will incorporate Cranium’s microservices-based switching framework, SYNAP, into its ACI Connetic for Cards platform.
ACI launched the card platform in March as part of its cloud-native payments orchestration solution. The company processes over 300 billion card transactions annually, including issuing, ATM, and self-service banking solutions. Cranium, founded in the U.K. in 2018, operates in multiple regions and developed its SYNAP framework for banks, processors, and payment service providers.
The transaction includes Cranium’s technology, intellectual property, and commercial relationships. ACI President and CEO Thomas Warsop emphasized the importance of intelligence throughout the payment life cycle, noting that financial institutions require a switch as well as this intelligence. The deal comes as global card transactions are projected to surpass 1.1 trillion by 2029, with payment institutions operating more payment rails.
The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions and approvals.
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