Stripe had 27 patents in digitalization during Q1 2024. Stripe Inc’s patents filed in Q1 2024 include methods and apparatus for authenticating user commerce accounts, machine learning model-based fraud detection for transactions, communicating location of mobile devices for hands-free payment, and systems for selecting candidate content items based on user parameters and requirements. These innovations aim to enhance security, efficiency, and user experience within commerce platforms. GlobalData’s report on Stripe gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Stripe grant share with digitalization as a theme is 44% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Systems and methods for authenticating a user commerce account associated with a merchant of a commerce platform (Patent ID: US20240104544A1)
The patent filed by Stripe Inc. describes a method and apparatus for authenticating a user commerce account associated with a merchant on a commerce platform. The method involves initiating authentication from a user device, sending an authentication code to a mobile device, receiving the code, generating an authentication key, and receiving a cookie from the commerce platform. The claims detail the steps involved in the authentication process, including requesting and verifying authentication data, sending electronic messages with authentication data to mobile devices, and generating authentication keys. The patent also covers the collection of additional user data and the association of this data with the user account.
In summary, the patent outlines a secure and efficient method for authenticating user commerce accounts on a commerce platform, involving multiple steps such as initiating authentication, sending authentication codes, and generating authentication keys. The patent also includes provisions for collecting additional user data and associating it with the user account. Overall, the patent aims to enhance the security and user experience of authenticating user accounts associated with merchants on a commerce platform.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
