Stripe had two patents in future of work during Q2 2024. Stripe Inc’s patents filed in Q2 2024 focus on transaction tracing and secure sharded onboarding user interfaces. The first patent describes a method for mapping funds flow transactions, generating graphs, and tracing transactions in a directed pseudoforest. The second patent outlines a method for collecting user information for merchant account compliance requirements through secure links and secure API-based graphical user interfaces. 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 had no grants in future of work as a theme in Q2 2024.
Recent Patents
Application: Systems and methods for transaction tracing (Patent ID: US20240119538A1)
The patent filed by Stripe Inc. describes a method and apparatus for transaction tracing, involving mapping funds flow transactions into and out of accounts, generating graphs based on these mappings, transforming the graphs into functional graphs with specific characteristics, and tracing transactions to identify contributing transactions. The method allows for enforcing policies by analyzing transactions for rule violations, generating notifications, and transmitting them to users associated with the transactions. The system can determine rule violations based on predefined conditions, user-defined conditions, or a combination of rules, and can perform these checks either in response to a user request or proactively without user intervention.
The method also includes techniques for optimizing processing, such as parallel processing of mappings for multiple accounts, incremental generation of functional graphs, and limiting the initial graph to reduce storage requirements. Additionally, the system can generate notifications in various formats, provide details on rule violations, and handle complex account relationships. The patent covers a computer-readable storage medium with instructions for performing transaction tracing operations and a server system configured to carry out these operations, demonstrating a comprehensive approach to transaction tracing and policy enforcement in a financial system.
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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.
