US Patent Issued to Block on May 13 for "Transaction identification by comparison of merchant transaction data and context data" (Canadian, American Inventors)

ALEXANDRIA, Va., June 12 -- United States Patent no. 12,299,667, issued on May 13, was assigned to Block Inc. (Oakland, Calif.).

"Transaction identification by comparison of merchant transaction data and context data" was invented by Pritesh Bodalia (Waterloo, Canada), Deepkarn Bedi (Sausalito, Calif.), Christopher Sukovich (San Francisco) and Jessica Bullitt (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Transaction identification is described. A payment processing platform can receive (i) transaction data associated with a transaction between a merchant and a customer and (ii) a transaction code from a payment making platform. The payment processing platform can receive an indication of an i...