Stripe. has been granted a patent for a method that enables secure token-driven conditional routing of data between remote systems. The process involves generating a token based on an incomplete parameter set, validating a second remote system, and completing the parameters for data routing. 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 July 2024 was 58%. Grant share is based on the ratio of number of grants to total number of patents.
Secure token-driven routing of data between remote systems
The patent US12063212B1 outlines a computer-implemented method for facilitating data routing between two remote computing systems through a server computer system. The process begins with the server receiving a request from the first remote system to initiate data routing, which includes an incomplete set of parameters. The server then receives a validation challenge and response from the first system, generates a token that references both the first system and the incomplete parameters, and performs validation of the second remote system based on the received challenge. Upon successful validation, the server collects a second set of parameters from the second system, which, when combined with the initial incomplete set, forms a complete set of parameters for processing the data routing.
Additionally, the patent describes the use of an application programming interface (API) for communication between the systems, and includes provisions for generating a randomly generated identifier that links to the complete set of parameters. This identifier is used to verify that the parameters are satisfied during the data routing process. The method also incorporates a fraud detection mechanism, where the server analyzes parameters associated with the token generation request to assess the risk of fraud. If the risk exceeds a predetermined threshold, the request is rejected; otherwise, it is accepted. Overall, the patent presents a structured approach to secure and efficient data routing between remote systems, emphasizing validation and fraud detection.
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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.
