ALEXANDRIA, Va., Jan. 29 -- United States Patent no. 12,211,072, issued on Jan. 28, was assigned to Block Inc. (Oakland, Calif.).
"Pre-authorization techniques for transactions" was invented by Ramy Bebawy (San Francisco) and Lily Chiang (San Francisco).
According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosure describes, in part, techniques for performing pre-authorization during a transaction between a merchant a customer. For instance, a payment service may receive, from a merchant device, payment information of a payment instrument that is used to satisfy a cost of a first item. The payment service may then send an authorization request to a card payment network to hold a first amount of funds based on...