Kieran Timmins, CEO

ai Corp acquires Smart Centric

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 more than 15 years, across multiple countries. SmartCentric has recently invested in its product portfolio and a cloud-based SaaS card management solution, providing an online authorization system supporting 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

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,” SC CEO Kieran Timmins said.

“Although this is technically an acquisition, ai and SmartCentric have been moving closer together for many months,” ai CEO Dr. Mark Goldspink said.

“The addition of SmartCentric to our existing suite of payment processing and fraud detection solutions has already received an enthusiastic reception from our customers.”

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