Stripe has been granted a patent for a method involving secure data entry elements on webpages, allowing for dynamic adjustment based on user input. The technology ensures sensitive data is aggregated securely and directed to a separate server for processing. 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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According to GlobalData’s company profile on Stripe, Rebate eligibility processing was a key innovation area identified from patents. Stripe's grant share as of March 2024 was 60%. Grant share is based on the ratio of number of grants to total number of patents.
Secure payment processing with dynamically adjusting data entry elements
A recently granted patent (Publication Number: US11966908B2) outlines a method for a payment processor to provide a payment element on a merchant site's web page. This payment element includes visually configurable data entry elements displayed on the client-side device. The processor receives payment information related to a payment instrument entered by the user and dynamically adjusts the visual configuration of the data entry elements during the user session. The display of a second data entry element is supplemented or withheld based on the payment instrument's attribute, with a controller adjusting the visual configuration accordingly.
Furthermore, the patent details the reconciliation of data entry element states or content across multiple data entry elements through a controller iframe provided by the payment processor. This iframe ensures consistency and facilitates the submission of payment information to the processor or an API. Additionally, the processor creates a token as a proxy for payment information, enhancing security by preventing the exposure of sensitive data to the merchant site. The attribute of the payment instrument is derived based on the entered payment information, further optimizing the payment process for users and merchants alike. The system also involves generating hidden controller iframes to aggregate payment information from the data entry elements, streamlining the transaction process for all parties involved.
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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.
