US Patent Issued to Stripe on Sept. 23 for "Payment processing method and apparatus with advanced funds" (California Inventors)

ALEXANDRIA, Va., Sept. 23 -- United States Patent no. 12,423,748, issued on Sept. 23, was assigned to Stripe Inc. (San Francisco).

"Payment processing method and apparatus with advanced funds" was invented by Jack David Paul Dent (San Francisco) and Jeremy Douglas Hoon (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A payment processing method and apparatus with advanced funds are disclosed. In one embodiment, the method comprises generating, using a revenue forecasting engine of a payment processing system, a probabilistic forecast of revenue for a plurality of merchants for a period of time in the future; determining, using a pricing engine of the payment processing system, one or more potent...