US Patent Issued to Block on June 30 for "Intelligent application of reserves to transactions" (California Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,669,710, issued on June 30, was assigned to Block Inc. (Oakland, Calif.).

"Intelligent application of reserves to transactions" was invented by Brian Mullins (San Francisco), Jeana Williams (San Francisco) and Natalie Tarabay (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Intelligent application of reserves to transactions is described. In an example, server(s) associated with a payment processing service receives first transaction data associated with a plurality of first transactions, wherein the first transaction data includes indications, for an individual first transaction, of whether a chargeback request occurred and item(s) and a c...