US Patent Issued to Stripe on May 19 for "System and method to prevent unauthorized usage of card readers and modular electronic funds transfer point of sale device" (Chinese Inventors)

ALEXANDRIA, Va., May 19 -- United States Patent no. 12,632,869, issued on May 19, was assigned to Stripe LLC (South San Francisco, Calif.).

"System and method to prevent unauthorized usage of card readers and modular electronic funds transfer point of sale device" was invented by Hwai Sian Tsai (Hong Kong, Hong Kong) and Chi Wah Lo (Hong Kong, Hong Kong).

According to the abstract* released by the U.S. Patent & Trademark Office: "A contactless card reader comprises a contactless card reader front-end coupled to a processor. A communications module is coupled to the processor and a set of sensors is coupled to the processor. The set of sensors determines parameters related to the location, orientation and motion of the card reader. The pro...