Stripe, a payments powerhouse headquartered in San Francisco made an acquisition to adhere to the new regulations in Europe. These new regulations will be implemented later this year to make online transactions more secure.
Well, the fintech company has acquired Touchtech Payments, an Irish startup that works with banks to help build and manage Strong Customer Authentication (SCA). It is a verification process requiring cardholders to provide two different forms of authentication to process transactions. From September 14, 2019, SCA will be required for most transactions in Europe.