Stripe Enlists Machine Learning In Fraud Fight

Online commerce platform Stripe announced today (Oct. 19) the launch of its set of machine learning-based tools that will help businesses to fight fraud. Stripe Radar combines data from the hundreds of thousands of businesses processing transactions on the Stripe network with intelligence from banks and credit card networks to provide users with the ability to customize the fraud defenses for their individual business. The fraud prevention service is fully integrated into users’ Stripe accounts and requires no additional integration or setup in order to work. “With Stripe Radar, businesses essentially have caller ID for incoming charges,” John Collison, president and co-founder of Stripe, explained. “Stripe’s behavior network uses machine learning to learn from hundreds of thousands of businesses around the world running on Stripe, as well as signals from…


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