Spade Collaborates with Stripe for Enhanced Merchant Insights
Spade Collaborates with Stripe for Enhanced Merchant Insights
Innovative developers utilizing Stripe can now access Spade's robust merchant intelligence through Stripe Issuing. This partnership aims to provide a more comprehensive view of transactions by incorporating vital information such as merchant logos, names, locations, and categories into the payments process.
Real-Time Merchant Intelligence Unlocked
Through this collaboration, Spade stands out as one of the fastest and most accurate providers of real-time merchant intelligence within the card ecosystem. The technology developed by Spade ensures that every transaction is linked to a verified merchant identity, offering quick access to essential data. In under 50 milliseconds, Spade enriches transaction details with critical merchant, category, and geographic information.
Powering Stripe Issuing with Valuable Data
For customers of Stripe Issuing, the integration of Spade's services translates into improved visibility and control over card programs. This heightened level of insight allows issuers to better manage security and regulatory compliance, contributing positively to the overall user experience.
Enhancing Transactions and Reducing Risks
Stripe's collaboration with Spade is particularly focused on enhancing the quality of data used for payment processing. Accurate information regarding merchant names, categories, and geolocation enables card issuers to optimize their authorization rates. This ultimately reduces chargebacks and proactively addresses fraud concerns—a crucial aspect for any financial service provider.
Achieving Measurable Results and Reliability
This partnership becomes increasingly vital as Stripe continues to manage over 200 million credit cards in circulation globally. Following a rigorous evaluation process of numerous vendors, Stripe selected Spade due to its reliability and the high performance of its merchant intelligence solutions. This decision underscores the importance of using trusted, real-time data in delivering top-tier payment services.
Innovation Through Real-Time Insights
Stripe customers have expressed that enhancing their innovation roadmaps heavily relies on accessing rich, accurate merchant data in real-time. By leveraging Spade's enhanced data, accessible directly via the Stripe Issuing API, users can enrich transactions, enhance fraud detection capabilities, and gain deeper insights into spending behaviors.
Oban MacTavish, CEO and co-founder of Spade, expressed enthusiasm regarding the partnership, stating that it aims to significantly elevate the card experience for numerous businesses. He emphasized how Spade's merchant intelligence plays a pivotal role in reducing fraud and disputes while enabling businesses to approve more transactions, ultimately leading to increased revenue streams for these companies.
About Spade
Spade is recognized as a leader in the realm of real-time merchant intelligence within the card ecosystem. It utilizes a unique ground truth database to connect card transactions to real merchant identities, offering granular details such as merchant category and geolocation. Clients including Corpay, Mercury, and Stripe rely on Spade's data to enhance transaction approvals and innovate their financial solutions.
Frequently Asked Questions
What is the primary goal of the partnership between Spade and Stripe?
The partnership aims to provide enhanced merchant intelligence, allowing for more accurate transaction visibility and improved data accessibility for Stripe customers.
How does Spade enhance transaction data in real-time?
Spade links each transaction to a verified merchant identity, delivering key details that enhance the understanding of transaction dynamics within milliseconds.
Why did Stripe choose Spade as its merchant intelligence provider?
Stripe selected Spade due to its demonstrated accuracy, performance, and comprehensive data solutions that meet the growing needs of its Stripe Issuing product.
What benefits do Stripe customers gain from this collaboration?
Stripe customers gain access to enriched merchant data which can be utilized for transaction enrichment and fraud detection, significantly improving their payment processes.
What types of organizations trust Spade's data services?
Organizations such as Corpay, Mercury, and Stripe trust Spade's merchant intelligence to authorize transactions and develop innovative features efficiently.
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