US Patent Issued to Block on March 4 for "Payment application initiated generation of payment instruments" (California, New York Inventors)

ALEXANDRIA, Va., March 5 -- United States Patent no. 12,243,398, issued on March 4, was assigned to Block Inc. (San Francisco).

"Payment application initiated generation of payment instruments" was invented by Ayokunle Omojola (San Francisco), Robert Andersen (New York), Daniele Perito (San Francisco) and Joachim Bekmann (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "In some examples, a system and method for generating a payment instrument are described. The method includes receiving a unique signature that a recipient intends to associate with the payment instrument; verifying that the received feature meets an acceptability criterion; generating a representation of the received signature, wh...