US Patent Issued to STRIPE on July 15 for "Systems and methods for trait-based transaction processing" (California, New York, Pennsylvania Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,425, issued on July 15, was assigned to STRIPE INC. (South San Francisco, Calif.).

"Systems and methods for trait-based transaction processing" was invented by Fanyun Fang (San Francisco), Aakash Sahney (Sherman Oaks, Calif.), Christopher Jeffery Streeter (Ardmore, Pa.), Kevin Chekin Ho (New York) and David Lakata (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and apparatus for processing a transaction request associated with a merchant platform system may include: receiving, at a commerce platform system, the transaction request; determining a plurality of account traits associated with the merchant platform system; detecti...