Bouncer will be integrated into Stripe Radar, an ML-based fraud prevention tool
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.
Not to be confused with the Polish Bouncer bulk email verification startup, Oakland Bouncer was co-founded by Sam King and Will Megson.
Bouncer’s card scanning and risk technology are 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.
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