View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 18, 2019

Stripe takes over Touchtech Payments

Stripe, a payments technology firm headquartered in California, has acquired Dublin-based peer Touchtech Payments.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Financial terms of the transaction were not revealed.

Touchtech is a provider of advanced strong customer authentication (SCA) technology.

Among the firm’s clients are digital bank N26 and money transfer firm Transferwise.

Stripe chief product officer Will Gaybrick said: “Touchtech adds yet another layer to the economic infrastructure Stripe is building for the internet, which is designed to help businesses comply not only with SCA but also with the entire next generation of regional payment regulations.”

The latest acquisition strengthens Stripe presence in Dublin.

Last year, Stripe announced plans to launch an engineering hub in Dublin, which is its first outside the US.

Operating from the Dublin hub, Touchtech will also continue to expand its offerings.

The acquisition comes ahead of the implementation of SCA regulation across Europe, part of the PSD2 mandate.

The regulation, scheduled to be effective this September, aims to make online payments more secure by requiring one to use a password, phone, and fingerprint or face ID for authentication.

In order to brace up for the new regulation, Stripe launched Payments Intents API.

Using the API, businesses can design SCA-ready payment forms.

Stripe also launched a pre-built payments page optimised for SCA and tools to detect which charges need SCA.

 

 

 

 

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International