Stripe Acquires Touchtech

Interestingly, the acquisition will mark an interesting change for Stripe, which has been built on connections with merchants and other customers that take digital payments for goods and services: Touchtech interfaces with banks and others that handle card payments — meaning it will be the first time that Stripe is developing a service that is not merchant-facing, but bank-facing. The updates to Stripe’s APIs, Collison said, are mainly coming to account for SCA and the triggers it will effect for verification, and also how these will impact other parts of the payment sequence, such as how payments will work with Apple Pay and Google Pay. “When major regulatory changes are introduced in a new market covered by Stripe, the Payment Intents API will allow merchants to upgrade their checkout flows with little-to-no disruption, significantly reducing the burden of migrations for merchants,” Stripe notes.

Source: techcrunch.com