Stripe to help businesses with fraud prevention through new acquisition

Bouncer will be integrated into Stripe Radar, an ML-based fraud prevention tool

Stripe Bouncer

Stripe to help businesses with fraud prevention through new acquisition. Source: stripe.com

Stripe has acquired Bouncer, a company building card authentication technology to reduce fraud during online transactions.

According to the press release, Bouncer’s team and technology will join Stripe to further enhance the capabilities of Radar, Stripe’s, machine-learning-based fraud prevention tool.

Bouncer’s card scanning and risk technology is used to help online businesses reduce fraud and authenticate cards.

Radar is fully integrated into Stripe’s payments platform. Once it identifies a specific transaction as high risk, Radar will use Bouncer’s card scanning and verification technology to confirm that an end customer has a legitimate card in their hands at the time of the purchase. This extra layer of protection is expected to decrease false positives among potentially high risk transactions.

Bouncer is a great tool for modern internet businesses. It allows them to quickly identify stolen cards, while also ensuring legitimate customers can transact without being blocked. We’re thrilled to welcome the Bouncer team, and their years of experience building payment authentication software for businesses, to Stripe and to enable their technology for Radar users. With the addition of advanced card scanning capabilities, Stripe Radar will be able block more fraud and further increase revenue for millions of businesses around the world who rely on Stripe
Simon Arscott, business lead for Stripe Radar

We’ve reported that Stripe announced acquisition of business sales tax platform.

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