Stripe had 12 patents in mobile during Q2 2024. Stripe Inc’s patents filed in Q2 2024 focus on secure transaction processing, fraud score management, cryptocurrency wallet functionality, secure deployment of applications, and communication handoffs between applications on a payment terminal. These patents aim to enhance the efficiency, security, and compliance of financial transactions and data management operations. 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 mobile as a theme in Q2 2024.
Recent Patents
Application: Systems and methods for nested application programming interfaces (APIs) for distributed payment processing systems (Patent ID: US20240211942A1)
The patent filed by Stripe Inc. describes a method and apparatus for a first server computer system to process a transaction received from a second server computer system. The method involves receiving a request for a first transaction, generating a second transaction with payment data associated with a user-selected payment method, transmitting the second transaction to a transaction interface, and authorizing the second transaction to complete the first transaction. The system ensures proper accounting by adding transaction information to a ledger and preventing double accounting.
Furthermore, the patent outlines the process of selecting rules for generating the second transaction based on various factors, maximizing transaction authorization likelihood. It also addresses scenarios where currencies associated with the transactions may differ and specifies that the payment data can include card payment information. The system is designed to work within a commerce platform, with transactions between merchant and digital payment systems. Additionally, the method involves requesting authorization from a third-party server system and ensuring proper accounting entries to prevent discrepancies. Overall, the patent details a comprehensive system for processing transactions efficiently and securely between different server systems.
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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.
