US Patent Issued to STRIPE on March 24 for "Payment processing method and apparatus using an intermediary platform" (California Inventors)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,045, issued on March 24, was assigned to STRIPE INC. (South San Francisco, Calif.).

"Payment processing method and apparatus using an intermediary platform" was invented by Timothy Thairu (San Francisco) and Lachlan Groom (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A payment processing method and apparatus for using an intermediary platform are described. In one embodiment, the method comprises electronically receiving approval from an intermediary platform associated with a payment processor user of a first authorization request for a first transaction; electronically receiving for approval, at the payment processing system, a se...