US Patent Issued to Block on March 24 for "Customized generation and secure authenticated processing of transfer instrument" (California, New York Inventors)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,051, issued on March 24, was assigned to Block Inc. (Oakland, Calif.).

"Customized generation and secure authenticated processing of transfer instrument" was invented by Michael Duane (San Francisco), Matthew Hickman (San Francisco) and Kyle Fletcher (Briarcliff, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A payment service system receives an indication of an interaction between a payee device associated with a payee and an interactive element of a transfer instrument. The payment service system determines, based on an identifier received in association with the indication, a user account of the payee associated with the payment service. Th...