Stripe adds card issuing, localized card networks and expanded approvals tool [TechCrunch Blog]
Amazon.com, Inc. (AMZN)
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Source: TechCrunch Blog
At a time when more transactions than ever are happening online, payments behemothStripeThe company today announced that it will now offer card issuing services directly to businesses to let them in turn make credit cards for customers tailored to specific purposes. Alongside that, it’s going to expand the number of accepted local, large card networks to cut down some of the steps it takes to make transactions in international markets. And finally, it’s launching a “revenue optimization” feature that essentially will useStripe’sTogether the three features underscore how Stripe is continuing to scale up with more services around its core payment processing APIs, a significant step in the wake of last week announcing its biggest fundraise to date:$600 millionThe rollouts of the new products are specifically coming at a time when Stripe has seen a big boost in usage among some (but not all) of its customers, said John Collison, Stripe’s co-founder and president, in an interview. Instacar
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