Stripe launches authentication for SCA checkout

Payments giant Stripe has launched a biometric authentication feature aimed at speeding up checkout conversion rates, with Wise the first card issuer to implement the new feature.

The new feature enables Stripe businesses to authenticate customer purchases within a checkout flow in a way that is compliant with Strong Customer Authentication (SCA) and without redirection to a banking app or having to enter a one-time passcode.

Customers authenticating purchases from businesses using Stripe will now be able to use any biometric identification method supported by the device they’re using, without the need to leave the checkout flow.

Commenting on the development, Erik Kaju, director of platform and spend at Wise, said: “We’re thrilled that Wise customers are the first to benefit from this new technology.

“It makes their lives far easier when making online purchases, whether they’re ordering a takeaway or shopping via TikTok. We’re proud to work with Stripe to solve this complex problem together.”

On the backend, Stripe adapts two-factor authentication methods to suit a purchaser’s preferences and device capabilities while also protecting merchants from fraud.

Matt Henderson, EMEA business lead at Stripe, said: “Every pound and Euro counts, and Stripe is intensely focused on maximising revenue for our users.

“Our delegated authentication feature is a powerful lever to increase the payment conversion of merchants on Stripe, which means more money into their topline without asking them to lift a finger. Across all SCA-covered transactions, this could save billions for businesses every year.”

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