19 January 2018
visit http://response.ncr.com

ai buys SmartCentric

31 October 2017  |  2460 views  |  2 Source: The ai Corporation

The ai Corporation (ai) has acquired SmartCentric Technologies International Limited (SmartCentric) for an undisclosed sum.

SmartCentric, which was established in December 2002, is a specialist solutions company, focused 100% on secure payments and transactions, particularly in the Fuel Card market.

Dublin-based SmartCentric has been delivering solutions to the fuel industry for over 15 years, across multiple countries. In the last number of years, SmartCentric has invested significantly in its product portfolio and a cloud-based SaaS card management solution, providing an online authorization system, which supports offline activity based on agreed business rules.

After working together on several projects, the ai and SmartCentric management teams concluded that bringing the businesses closer together would provide a unique and compelling offering for the market. ai’s expanded cloud-based end-to-end payments solution is already attracting attention with new contracts recently being awarded in the Middle East (large reseller with 60 banks), in the US and South Africa, for two very large globally recognized fuel card operators.

Kieran Timmins, CEO of SC, said, “The combination of the SmartCentric’s cloud-based industry leading issuance and payment processing platform for fuel cards and ai’s payment processing and fraud detection solutions, provides a compelling, integrated solution that will deliver a comprehensive solution for our customers and a deeper experience for merchants and network partners.”

Dr Mark Goldspink, CEO of ai, said, “The ai Corporation’s unique end-to-end offering is constructed to target several gaps in the market place, namely:

· Providing state of the art business rules technology that allow customers to take control
· Offering a flexible and agile solution, so new customer features can be deployed quickly
· No CAPEX with “pay as you go” business model (controllable OPEX)

“ai enables our partners to do what they do best, running their businesses using the rich features of our payment platform, with the confidence that their transactions are protected by a best-of-breed fraud prevention system.

“Although this is technically an acquisition, ai and SmartCentric have been moving closer together for many months. The addition of SmartCentric to our existing suite of payment processing and fraud detection solutions has already received an enthusiastic reception from our customers.” 

Comments: (2)

A Finextra member
A Finextra member | 02 November, 2017, 16:50

A smart acquistion by a smart corporation with a great senior management team

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
David Bealing
David Bealing - Atomwide - part of Adept Telecom plc - Orpington | 23 November, 2017, 12:36

Good pick up - v.clever move.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.niceactimize.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11067 views comments | 32 tweets | 37 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10257 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9867 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9349 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8375 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job