ALEXANDRIA, Va., May 19 -- United States Patent no. 12,632,844, issued on May 19, was assigned to Block Inc. (Oakland, Calif.).
"Expedited point-of-sale merchant payments" was invented by Kyle Matson (San Francisco), Wesley Kim (San Francisco), Christopher Lang Mocko (San Francisco), Edward Chung (San Francisco) and Robert Harrison Gilliam (San Francisco).
According to the abstract* released by the U.S. Patent & Trademark Office: "A payment service may receive interaction data from a plurality of entities and analyze interactions to identify one or more interactions eligible for expedited payment. The expedited payment comprises a near real-time transfer of funds to a financial account of an entity. A user interface may be presented via a...