25.2 C
July 3, 2022
Finance Technologies

Stripe acquires card verification fintech Bouncer

Stripe, the $95-billion-valued US payments giant, has acquired Oakland-founded card verification fintech Bouncer for an undisclosed amount. The deal will see Bouncer’s platform, which claims it can scan any card or ID and flag stolen cards or high-risk transactions, integrated into Stripe’s a fraud prevention tool, Radar. Both Bouncer’s team and its technology will join Stripe Bouncer works by verifying whether a card being used is legitimate, hence introducing an alternative for businesses to simply blocking a high-risk transaction pending an investigation. It requests live photos of the card, which then prompts a risk assessment completed in “less than 400 milliseconds”.…
Stripe acquires card verification fintech Bouncer

Related posts

UCL and Barclays unleash deep tech venture builder

Amme Jhonson

Fintech pirkx lands £960,000 and gains former Google exec

Amme Jhonson

Santander International to deploy cloud-based Temenos system

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy