US Patent Issued to Block on Oct. 7 for "Cash transaction machine" (California Inventor)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,286, issued on Oct. 7, was assigned to Block Inc. (Oakland, Calif.).

"Cash transaction machine" was invented by Matthew W. Janiga (South San Francisco, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Introduced is a technology for withdrawing cash from a cash transaction machine (CTM) by use of a mobile payment application installed on a mobile device of a consumer user ("the CTM technology"). Briefly described, the CTM technology enables a consumer user to identify one or more CTMs from which to withdraw cash by using his/her mobile device (e.g., a smartphone) as a "virtual" card. A particular CTM can be a conventional ATM or a POS system at a...