Affirm has patented a passwordless login system allowing users to access computer systems using only a name and phone number. The method involves sending a verification code to the user’s phone for authentication. This innovative approach enhances security and user experience in accessing internet-based systems. GlobalData’s report on Affirm gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Affirm, was a key innovation area identified from patents. Affirm's grant share as of February 2024 was 24%. Grant share is based on the ratio of number of grants to total number of patents.

Passwordless login system using user's name and phone number

Source: United States Patent and Trademark Office (USPTO). Credit: Affirm Holdings Inc

A recently granted patent (Publication Number: US11870773B2) outlines a method for passwordless login to an internet-based system involving a server, database, and smartphone. The method includes receiving a transmission from the smartphone with only a username and phone number, transmitting a verification message with a unique code to the smartphone, and binding identification information for the smartphone to the user. The system authorizes the user and smartphone to interact with the server, enhancing security and user experience.

Furthermore, the patent details methods for purchasing goods and accessing a system for financing purchases using similar passwordless login procedures. These methods involve transmitting verification messages with unique codes to authenticate users during the login process, enabling seamless interactions between users, mobile devices, and the server. The patent also includes provisions for canceling authorizations based on predetermined time limits or changes in device-user associations, ensuring secure and efficient transactions. Overall, the patented methods aim to streamline user authentication processes and enhance user access to services, such as purchasing goods on credit or managing existing loans, through innovative passwordless login mechanisms.

To know more about GlobalData’s detailed insights on Affirm, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.