Stripe had 15 patents in cybersecurity during Q1 2024. Stripe Inc’s patents filed in Q1 2024 focus on methods and apparatus for authenticating user commerce accounts, communicating location for hands-free payments, augmenting user data during data access and deletion, performing authentication for access to user data, and providing access to user data stored at a distributed service provider system. These patents aim to enhance security, efficiency, and user experience within commerce platforms and service systems. GlobalData’s report on Stripe gives a 360-degree view of the company including its patenting strategy. Buy the report here.

Stripe grant share with cybersecurity as a theme is 20% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Systems and methods for authenticating a user commerce account associated with a merchant of a commerce platform (Patent ID: US20240104544A1)

The patent filed by Stripe Inc. describes a method and apparatus for authenticating a user commerce account associated with a merchant on a commerce platform. The method involves initiating authentication from a user device, sending an authentication code to a mobile device, generating an authentication key, and receiving a cookie from the commerce platform. The claims detail the steps involved in the authentication process, including requesting and verifying authentication data, sending electronic messages with authentication data, and generating authentication keys for mobile devices. The patent also covers the collection of additional user data and the association of this data with the user account.

Overall, the patent outlines a comprehensive method for authenticating user accounts on a commerce platform, ensuring secure transactions and interactions between users and merchants. The use of authentication codes, keys, and cookies, along with the verification steps, enhances the security of the process. Additionally, the inclusion of steps for collecting and associating additional user data provides a more personalized and efficient user experience within the commerce platform. The patent demonstrates a robust system for user authentication and data management in the context of online commerce.

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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.