Stripe acquires TouchTech Payments to accelerate SCA for financial institutions

Thursday 18 April 2019 10:38 CET | News

Stripe has announced the acquisition of Touchtech Payments software company to accelerate Strong Customer Authentication (SCA) for financial institutions.

TouchTech Payments provides SCA-ready authentication technology for several European fintechs and challenger banks, like N26, Transferwise, and many others.

Stripe also announced new products and updates to help merchants implement SCA-ready authentication methods to their checkout page and trigger SCA when required. The Payment Intents API, is a new payments API that lets businesses design their own SCA-ready payment forms, and accept the authentication methods (e.g., 3D Secure 2, Apple Pay, Google Pay) through a single integration.

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Keywords: Stripe, acquisition, TouchTech Payments, strong customer authentication, SCA, fintech
Countries: World