ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,949, issued on May 27, was assigned to STRIPE INC. (South San Francisco, Calif.).
"Method and system for multi-modal transaction authentication" was invented by Steven V. Bacastow (Cumming, Ga.).
According to the abstract* released by the U.S. Patent & Trademark Office: "This invention relates to systems and methods for authenticating transactions using a mobile device based primarily on the introduction of a layer of middleware and wherein the Payment Networks, Merchants, Issuing Banks, Credit Reporting Bureaus, Insurance Companies, Healthcare Providers may customize the implementation of the services based on individual strategy and consumer preferences."
The patent was filed ...