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1405

Stripe acquires Touchtech, updates APIs to prep for strong customer authentication in Europe

via TechCrunch 

Stripe, the payments powerhouse that is now valued at $22.5 billion, has made an acquisition to help it gear up for new regulations in Europe that will be rolled out later this year to improve security in online transactions. It has acquired Touchtech Payments, a startup out of Ireland that works with banks to help them build and manage Strong Customer Authentication, a verification process that will typically require customers to provide two different forms of authentication from card holders in order to process transactions. SCA will be required on most transactions in Europe from September 14 of this year.

Alongside this, Stripe itself is updating its APIs, partly in line with these changes. This will include a new default payments API, a new checkout and upgraded billing. (more…)

Open Source/ API, Payment processors/providers/gateways

April 17, 2019

1170

Klarna launches Open Banking platform

via Finextra

Klarna, one of Europe’s leading payment providers and the global market leader in payment initiation services, announces the launch of its own Open Banking Platform.

This platform will enable access to more than 4,300 European banks through a single Access to Account (XS2A) API in line with Payment Services Directive (PSD2). Klarna’s XS2A API is the most established and proven solution that has been developed at scale across markets for almost 15 years through the Klarna Group company Sofort.

(more…)

Fintech news, Open Source/ API, Payment processors/providers/gateways

March 28, 2019

1331

Tandem Teams Up With Token.io For Open Banking Opportunities

Via Crowdfund Insider

Turnkey open banking platform provider, Token.io Limited, announced on Monday it has formed a partnership with digital-first challenger bank Tandem Bank to achieve PSD2 compliance and leverage open banking opportunities. According to Token.io, Tandem is now looking to look beyond core compliance, developing innovative new services that make use of new opportunities around payments.  (more…)

Fintech news, Mobile-first banks, Open Source/ API

March 26, 2019