US Patent Issued to Block on Dec. 30 for "Detection and explanation of lifts in merchant data" (New York, New Jersey Inventors)

ALEXANDRIA, Va., Dec. 31 -- United States Patent no. 12,511,661, issued on Dec. 30, was assigned to Block Inc. (Oakland, Calif.).

"Detection and explanation of lifts in merchant data" was invented by Levon J. Lloyd (Secaucus, N.J.), Nader Al-Naji (New York) and Matthew Ivor Lloyd (Long Island City, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A service provider may receive merchant analytics information from a plurality of merchant devices. In some examples, the service provider may generate a model based at least in part on the merchant analytics information, the model including a core set of features for predicting a merchant metric associated with a merchant. The service provider may detect a lift ...