US Patent Issued to Block on July 22 for "Facilitating payments for users" (California Inventors)

ALEXANDRIA, Va., July 23 -- United States Patent no. 12,367,515, issued on July 22, was assigned to Block Inc. (Oakland, Calif.).

"Facilitating payments for users" was invented by Douglas Justin Shearer (Alameda, Calif.) and Matthew Allen Todd (Oakland, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In some examples, a payment service receives transaction information of transactions performed between a plurality of users of the payment service. The payment service determines terms for a first user to finance, for a second user, at least part of an amount of a payment. The terms are determined based on at least one of: a) transaction information associated with the first user; (b) transaction informati...