Stripe acquires Bouncer

Monday 17 May 2021 10:19 CET | News

US-based fintech Stripe has acquired Bouncer, a card authentication technology company that is seeking to reduce fraud during online transactions, Crowd Fund Insider reports. 

Bouncer’s card scanning and risk tech is used to help online businesses reduce fraud and authenticate cards. The company will be integrated into Stripe Radar, a fraud prevention tool whose machine learning models are trained on purchases made at millions of companies around the world every day.

Once a specific transaction is identified as high risk, Radar will use Bouncer’s card scanning and verification tech to confirm that an end customer has a legitimate card in their hands at the time of the purchase. This layer of protection aims to reduce false positives among potentially high risk transactions. 

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: acquisition, online payments, fraud prevention
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions