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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

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