ALEXANDRIA, Va., April 9 -- United States Patent no. 12,271,905, issued on April 8, was assigned to Block Inc. (Oakland, Calif.).
"Payment application based fund transfer" was invented by Michael Dahn (Oakland, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Various embodiments are related to apparatuses and methods for enabling a sender to perform monetary transactions for a requestor. A sender can use, for example, a payment application associated with a payment processing system to perform a monetary transaction for a requestor. The payment processing system can send information related to the monetary transaction to, for example, a sender-requestor association component. When the monetary transacti...