US Patent Issued to Block on July 15 for "Preliminary enablement of transaction processing circuitry" (California Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,404, issued on July 15, was assigned to Block Inc. (Oakland, Calif.).

"Preliminary enablement of transaction processing circuitry" was invented by David Terra (San Francisco), Koun Han (San Francisco), Michael Wells White (San Francisco) and Michael Dahn (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A payment terminal includes multiple chips that perform different processing functions within the payment terminal. A terminal chip performs general functionality of the payment terminal while a transaction chip communicates with payment devices such as chip cards and NFC payment devices and processes payment information. The transaction ...