Stripe had 12 patents in regtech during Q4 2023. Stripe Inc’s patents filed in Q4 2023 focus on enhancing security and efficiency in financial transactions. One patent describes a system for inputting a PIN using multiple devices to generate a secure PIN token for authentication. Another patent details methods for money movement transactions, including reserving a portion of a transaction amount for improved fund management. GlobalData’s report on Stripe gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Stripe grant share with regtech as a theme is 41% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: System and method to protect privacy of personal-identification-number entry on consumer mobile device and computing apparatus (Patent ID: US20230351385A1)

The patent filed by Stripe Inc. describes a system for secure PIN entry during a transaction. The method involves generating a randomized PIN layout on one device, displaying it on a separate device for user input, creating a PIN token based on the user's key presses, transmitting this token to another device, and combining it with the randomized layout to authenticate the transaction. The devices store shared secrets to independently derive the randomized PIN layout, ensuring security without transmitting the layout between devices.

Furthermore, the system includes a server computer as the third device, remotely located from the user input device, and communication between devices is encrypted for added security. The method allows for the generation of new randomized PIN layouts for each transaction, enhancing security measures. Overall, the system provides a secure and efficient way to input PINs during transactions without compromising sensitive information.

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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.