Breaking News
Stripe Radar Now Protects ACH and SEPA Payments From Fraud
Stripe announced an expansion of Radar, Stripe’s AI-powered fraud prevention product, for ACH and SEPA payments.
Radar assesses more than 1,000 characteristics of a potential transaction in order to determine, in less than 100 milliseconds, the likelihood that it’s fraudulent. On average, Radar users see a 42% reduction in SEPA fraud and a 20% reduction in ACH fraud.
Ben Winfield, Radar product manager, wrote on LinkedIn:
“Over the last year, we’ve seen a 40% increase in noncard payment volume on Stripe. Now, we’re extending Radar fraud protection to ACH and SEPA payments. We’ve applied the same AI architecture Radar uses for cards to new models that automatically screen and help block risky ACH and SEPA transactions.”
Xero, Jobber, and FreshBooks are already using Radar’s new models.
People In This Post
Companies In This Post
- MANTL Clients Raise Over $3 Billion in Deposits From Existing Banking Relationships in Six Months Read more
- MiniPay Turns Two with 10 Million Wallets and 270 Million Transactions Pointing to Stablecoins Leading Web3 Read more
- FinSight Ventures Launches $50 Million First-of-Its-Kind Index Fund for Generative AI Leaders Read more
- Davies Appoints Mark DiMaio as Head of Capital Markets to Drive Global Expansion Read more
- MindBridge Launches Agentic Interface Connecting Finance Professionals to Trusted AI Insights Read more