US Patent Issued to Block on Aug. 25 for "Credit offers based on non-transactional data" (California Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,294, issued on Aug. 25, was assigned to Block Inc. (Oakland, Calif.).

"Credit offers based on non-transactional data" was invented by Juan Ignacio Santa Cruz Masoni (San Francisco), Philip Spanoudes (San Francisco), Melissa Doerken (San Francisco) and Jerome Weiss (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "In some examples, a payment service receives transaction data for transactions processed by the payment service. Based on information related to a user of the payment service, an artificial intelligence (AI) model is used to generate a first credit offer and credit limit for the user, the AI model having been trained using the t...