Stripe had 11 patents in ecommerce during Q1 2024. Stripe Inc’s patents filed in Q1 2024 focus on innovative methods and systems for hands-free payment communication, improved selection of candidate content items, and document-integrated software integration validation. These patents also introduce systems and methods for authenticating transactions using a mobile device with customizable options for various entities involved in the transaction process. 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 ecommerce as a theme is 45% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Method and system for communicating location of a mobile device for hands-free payment (Patent ID: US20240086889A1)
The patent filed by Stripe Inc. describes a method and system for communicating the location of a mobile device for hands-free payment using a peer-to-peer ad-hoc network. The method involves a point-of-sale (POS) device generating a geofence around itself, receiving the location of the mobile device, and transmitting an electronic message with transaction data when the mobile device is within the geofence. The POS device then receives an authorization request from the mobile device, authenticates the payment transaction information, and acknowledges the execution of the transaction. Additionally, the system may involve transmitting advertisements or deals to the mobile device based on prior transactions, altering purchase prices, and allocating rewards for transactions.
The patent also includes claims related to transmitting advertisements, deals, or referral data to multiple mobile devices, executing transactions based on selected data, and allocating rewards accordingly. The method further involves generating multiple electronic messages for different mobile devices, determining the appropriate device based on referral data, and rewarding transactions. Additionally, the POS device may generate a second geofence within the initial geofence, receive authorization requests via a peer-to-peer network, and authenticate payment transactions. Overall, the patent outlines a comprehensive system for location-based hands-free payments using a peer-to-peer ad-hoc network and geofencing technology, with additional features for targeted advertising and rewards.
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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.
