Stripe added new tools to its payments toolbox in Europe Monday, launching a new delegated authentication feature that supports biometric verification methods directly in the customer checkout flow. The feature could reduce friction and improve conversion while also complying with the EU’s Strong Customer Authentication (SCA) regulation, which requires two-factor authentication for credit card payments to reduce fraud.
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New Stripe tool aims to improve EU payment authentications
“SCA has cut fraud, but has also reduced legitimate economic activity,” Stripe said. “Visa estimates that SCA-compliant transactions have suffered an 11% drop in conversion rates due to purchasers needing to shuffle between different apps at checkout.”
