US Patent Issued to Affirm on July 22 for "System, method and apparatus for providing voluntary down payments for online purchases based on credit" (California, New York Inventors)

ALEXANDRIA, Va., July 23 -- United States Patent no. 12,367,474, issued on July 22, was assigned to Affirm Inc. (San Francisco).

"System, method and apparatus for providing voluntary down payments for online purchases based on credit" was invented by Henry McGowan (New York), Nitesh Kumar (San Francisco) and Jesse Kendrick (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for providing a voluntary down payment interface in association with a financing offer may include providing, to a remote device of a customer in association with a transaction between a merchant and the customer, an indication of a financing offer associated with a loan, providing, on a same page or screen of the remot...