Stripe. has been granted a patent for a system that prompts users to enter a personal identification number (PIN) on a commercial off-the-shelf (COTS) device. The system includes a secure card reader and a payment application that communicates prompts based on signals received from the card reader. 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 June 2024 was 58%. Grant share is based on the ratio of number of grants to total number of patents.
User pin entry indication system for cots devices
The patent US12039519B2 outlines a method and system for prompting users to enter a personal identification number (PIN) through a commercial off-the-shelf (COTS) device. The process begins with a terminal management server (TMS) authenticating a payment application downloaded from an application store. Upon successful authentication, the TMS authorizes the COTS device to install and run the application, subsequently sending a decryption key to allow the device to access encrypted portions of the application. When the payment application receives card information from a secure card reader, it transmits prompts to other devices, instructing the user to enter their PIN on the COTS device's display.
Additionally, the patent describes a randomization subsystem that can adjust display parameters of the PIN pad shown on the COTS device. This subsystem can randomly select variables affecting the keypad's location, size, and button arrangements, enhancing security by making it more difficult for potential onlookers to predict the layout. The randomization can be executed using various probability distributions, and the subsystem may be integrated within the payment application or the COTS device itself. The payment application is also classified by a security authorization level, which dictates data access restrictions enforced by the device's operating system, ensuring that sensitive data remains protected while allowing necessary access for authorized applications.
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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.
