#USA #New York #Spade #Stripe #Merchant Intelligence

Spade and Stripe Join Forces for Enhanced Merchant Intelligence

In a significant move set to revolutionize the card ecosystem, Spade has announced a partnership with Stripe aimed at enhancing real-time merchant intelligence. This collaboration allows innovators utilizing Stripe to access Spade's extensive merchant intelligence data through the Stripe Issuing platform.

Spade, known for being the fastest and most accurate provider of real-time merchant intelligence, links every transaction to a verified merchant identity. With an impressive response time of under 50 milliseconds, Spade offers detailed insights on merchant category, geographic location, and transaction specifics. This critical information not only benefits card issuers but also improves transaction visibility and security for Stripe Issuing customers, ultimately enhancing the overall user experience.

The integration will enable card issuers to access refined merchant names, categories, and geolocation details. This capability is key for improving authorization rates, reducing chargebacks, and proactively identifying potential fraud. With over 200 million credit cards issued under Stripe's umbrella, the enhancement of data quality is paramount for maintaining and improving their payment processing services.

After a rigorous evaluation process of various providers, Stripe selected Spade for its unparalleled accuracy, performance, and comprehensive data solution. This partnership is not just a one-off solution; Stripe and Spade plan to work closely together to explore further use cases for these valuable insights, which could lead to innovative services for customers.

In a statement, Oban MacTavish, CEO and co-founder of Spade, expressed enthusiasm about this collaboration, saying, "Our work with Stripe will further improve the card experience for countless companies. Our merchant intelligence has been proven to reduce fraud and disputes while enabling businesses to authorize more transactions, thus generating significant revenue. We're thrilled that Stripe recognized the importance of merchant intelligence and chose to partner with us to bring these benefits to ambitious and innovative companies around the globe."

The partnership addresses the increasing demand for real-time, rich, and accurate merchant data as indicated by Stripe customers' innovation roadmaps. This data, accessible directly through Stripe Issuing API, is valuable for multiple use cases such as transaction enrichment, fraud detection, and expenditure insights.

Spade prides itself on its robust ground truth database, linking card transactions to actual merchant identities—a feature that sets it apart in the field of merchant intelligence. By offering meticulous merchant coverage and accurate geolocation matching, Spade is leading the industry and has become a trusted data source for notable clients like Corpay, Mercury, and now Stripe.

This partnership signals a significant leap forward for developers and companies looking to maximize their financial operations while maintaining a secure and efficient card transaction system. As the landscape of payment processing continues to evolve, collaboration between innovative players like Spade and Stripe will play a fundamental role in shaping the future of merchant intelligence and card services.

In conclusion, the integration of Spade's merchant intelligence into Stripe's operations stands to benefit not only the companies involved but also the end consumers who will enjoy a more secure and transparent transaction experience moving forward.