Stripe Enhances Payments Platform

Apr 23rd, 2020Product
  • Stripe announced direct connectivity with six major card networks, offering increased revenue and reliability for its users.

  • New revenue optimization engine aims to minimize false card declines, potentially increasing businesses' revenue by $2.5 billion.

  • Stripe Issuing, a self-serve card issuing API, is now available to all US businesses, reducing card creation time significantly.

  • The platform's update is particularly beneficial for enterprise clients handling large volumes of transactions.

  • Direct network integrations and machine-learning optimizations are expected to improve transaction authorization rates.