Stripe: Acquired Touchtech payments

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Stripe: Acquired Touchtech payments

Stripe: Acquired Irish biometrics specialist Touchtech ahead of new EU online authentication rules

  • Stripe updated its products and made an acquisition to prep for new security standards
  • The acquisition helps them build and manage Strong Customer Authentication and verification process
  • Strong Customer Authentication (SCA) regulation under PSD2 will have to authenticate online payments over EUR30
  • SCA is a ticking time bomb for the European payments industry
  • To help retailers prepare for the change, Stripe has introduced a Payments Intents API
  • Touchtech Payments provides SCA-ready authentication technology that counts the likes of N26 and Transferwise among its users