Bouncer will be integrated into Stripe Radar, an ML-based fraud prevention tool
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.
We’ve reported that Stripe announced acquisition of business sales tax platform.