US Patent Issued to STRIPE on May 27 for "Systems, methods, and apparatuses for facilitating transfers between user commerce accounts associated with a merchant of a commerce platform" (California Inventors)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,916, issued on May 27, was assigned to STRIPE INC. (South San Francisco, Calif.).

"Systems, methods, and apparatuses for facilitating transfers between user commerce accounts associated with a merchant of a commerce platform" was invented by Christopher Continanza (Berkeley, Calif.), Shreyas Surendra Doshi (Piedmont, Calif.), Brian David Krausz (San Francisco) and Jay Shah (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "An embodiment may receive a transaction from an account associated with a user; associate a transfer group parameter with the transaction; create a set of transfers to a set of connected accounts using the transfer grou...