Stipe is launching Stripe Identity, a self-serve, AR-powered, tool that developers can integrate into their platforms to verify user identities.
The new tool will see Stripe managing encrypted customer data, using computer vision and machine learning to “read” government IDs and match them up with live selfies in less than 15 seconds. The service will also not require users to already be Stripe customers.
Related | Twitter Relaunches Profile Verification Application Process
Stripe Identity was launched in beta, last week, to 30 countries worldwide, showing that Stripe can also cover complex API-based needs for businesses, beyond online payments. Some platforms, including Discord, Peerspace, and Shippo, have already been quietly testing the feature.
ID authentication through KYC serves a number of other very relevant online necessities, like preventing account takeovers, verifying users’ ages, complying with “know your customer” regulations, and keeping away bots and trolls.
“Businesses have been asking us for an easy and fast way to verify identities online. Stripe Identity offers them just that,” said Rob Daly, head of Engineering for Stripe Identity. “Now, any internet business — from a five-person startup to a multinational enterprise — can begin securely verifying the identities of their users in a matter of minutes, not weeks or months.”
Interestingly, Stripe Identity is a public extension of the company’s own and already existing service, which was built in-house and has been used internally to verify merchants for the last 10 years.
We don’t yet know what Stripe will charge for the service other than there will be a “per transaction” fee. Keep an eye on Stripe Sessions, Stripe’s developer conference which began last week, for more info.
In the meantime, developers can already request access here.
You might also like
More from Tech
Apple Could Soon Allow Third-Party App Stores On The iPhone
Upcoming EU rules could mean Apple will have to allow third-party app stores on the iPhone starting in 2024.The news …
Apple Enhances Security with End-to-End Encryption for iCloud Backups
Apple is expanding its iCloud security features and introducing support for security keys for two-factor authentication.TL;DR; – Apple has announced …
Google Japan Unveils An Insane 5-Foot Long Keyboard
The “Key Bou” is an insane 5-foot straight bar keyboard designed by Google to promote its virtual GBoard, available on …
Govee Rolls Out A New 16-foot Premium Smart LED Strip
Govee’s new multicolor smart LED strip is 16 feet long (5 meters) and has a built-in mic for syncing to …
Kim Kardashian And Beats Introduce Special Edition Fit Pro Earbuds
Kim Kardashian's special edition Beats Fit Pro are now available at Apple stores.The earbuds come in three neutral colors, Moon, …
Lyft Wants To Cash In On In-Car Digital Ads
Lyft announced the launch of Lyft Media, a new digital advertising business unit with the potential to add billions to …
Amazon Alexa Mimics The Voices Of Your Dead Relatives
Amazon is testing an experimental Alexa feature that allows it to mimic the voices of your dead relatives. Read that …
Adobe Announces Express Content Scheduler
Adobe has announced Adobe Express Content Scheduler, a new tool to help social media managers make, plan, preview, and publish …
Tech Companies Are Teaming Up To Free Us From Passwords
Apple, Google, and Microsoft are committing to expanded support for the FIDO standard to bring a passwordless future.