US Patent Issued to STRIPE on July 29 for "Systems and methods for reader device registration, use and management" (California Inventors)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,373,809, issued on July 29, was assigned to STRIPE INC. (South San Francisco, Calif.).

"Systems and methods for reader device registration, use and management" was invented by Jonathan Wall (San Francisco), Ross Favero (Berkeley, Calif.) and Eric Nelson Glass (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments of the invention include a method of performing a payment transaction comprising receiving transaction data by a PIN pad terminal from a point-of-sale terminal, and receiving tender from a customer, by the PIN pad terminal. Tender data and the transaction data are sent to a service gateway, by the PIN pad terminal. The servic...