US Patent Issued to Stripe on May 27 for "Systems and methods for reconciling electronic transactions facilitated by a commerce platform" (California Inventor)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,947, issued on May 27, was assigned to Stripe Inc. (South San Francisco, Calif.).

"Systems and methods for reconciling electronic transactions facilitated by a commerce platform" was invented by Girish Balasubramanian (Fremont, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and apparatus for reconciling electronic transactions facilitated by a commerce platform are described. The method may include receiving, the commerce platform, requests from a merchant system to authorize a plurality of financial transactions. The method may also include transmitting an authorization to the merchant system authorizing the merchant system to perfo...