US Patent Issued to Block on Jan. 28 for "Payment by use of identifier" (California Inventors)

ALEXANDRIA, Va., Jan. 29 -- United States Patent no. 12,211,024, issued on Jan. 28, was assigned to Block Inc. (Oakland, Calif.).

"Payment by use of identifier" was invented by Brian Grassadonia (San Francisco), Ajit Kalidindi Varma (San Francisco) and Mark Jen (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Described is a technology that enables a customer, who uses a payment card in a transaction and further provides an identifier in the same transaction, to use the identifier as a payment mechanism in future transactions. In some embodiments, the technology involves communication between a customer's user device, a payment service system (PSS), and one or more merchant point-of-sale (POS) sy...