Stripe Acquires Bouncer
Summary
Stripe, a San Francisco, CA-based global technology company that builds economic infrastructure for the internet, acquired Bouncer, a company building card authentication technology to reduce fraud during online transactions. When 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. When an incoming transaction is flagged as high-risk, rather than blocking the purchase entirely, a business can use it to verify that a card being used is legitimate. If the card is stolen, the transaction will be rejected; if real, the purchase will be approved and completed. This whole process takes less than one second, providing a seamless experience for legitimate customers while hardening defenses against fraudsters.