Stripe acquires Irish payments start-up Touchtech

The Dublin-based start-up provides SCA-ready authentication technology for card issuers

It is hard to miss the news in the last 24hours of the purchase of Touchtech clients of Purdy Lucey, by Stripe the Irish owned, global technology company that builds economic infrastructure for the internet.

Touchtech helps banks replace 3D Secure redirects was one of the first fintech companies in Europe to develop biometric scanning to authenticate payments.  Touchtech emerged from Dublin City University’s student entrepreneurship programme, UStart, and which was scaled up at the DCU Alpha Innovation Campus in Glasnevin.

It also became the first Irish company to offer a MasterCard and Visa certified payment authentication system using fingerprinting in 2015.

The company, currently headquartered at DCU Alpha, is to relocate its operations into the Stripe HQ building on Grand Canal Street. DCU Alpha, now home to 70+ companies and over 700 employees, has supported the company’s growth in Glasnevin with access to talent and research networks since 2016.

Fantastic news for Shek, Niall, John and all the team in Touchtech.

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