Stripe now provides support for processing card transactions through direct integrations with global card networks, such as Visa, Mastercard, American Express, Discover, JCB, and China Union Pay.
The company’s updated revenue optimisation engine applies ML (machine learning) technology used in its fraud prevention tool Radar to develop a bank-specific profile. The goal is to maximise authorisation rates without increasing fraud rates.
Stripe Issuing, a self-service card issuing product, offers a programmable infrastructure for cards that reduces the time required to create a card: two minutes for virtual cards, two days for physical cards.
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