ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,387,261, issued on Aug. 12, was assigned to Block Inc. (Oakland, Calif.).
"Intelligent loan management via a mobile application" was invented by Varun Kerof (Burlingame, Calif.), Elliot Block (New York), Kelvin Chou (Monte Sereno, Calif.) and Theodore Kosev (Seattle).
According to the abstract* released by the U.S. Patent & Trademark Office: "In some examples, a service provider provides a mobile application to a device of a user. The mobile application presents a user interface with a selectable control enabling the user to obtain a loan that is useable for a specific use at a merchant that accepts payments via the service provider. The service provider receives, via the mobile appl...