US Patent Issued to Affirm on May 27 for "Method and apparatus for managing financial transactions for selective conversion to buy now, pay later financing" (California, Illinois, Utah, New York Inventors)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,912, issued on May 27, was assigned to Affirm Inc. (San Francisco).

"Method and apparatus for managing financial transactions for selective conversion to buy now, pay later financing" was invented by Corey Swimmer (Palatine, Ill.), Claire Crinion (Sleepy Hollow, N.Y.), Jill Fisher (San Francisco), Sam Bodanis (Park City, Utah), Laurie Sellick (Pacifica, Calif.) and Garrett Schlesinger (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of processing a customer transaction may include receiving an indication of a transaction between a customer and a vendor, checking an account status of a primary account of the customer at a custo...