Square, Inc.

Block, Inc.

Douglas Justin Shearer

Matthew Allen Todd

Mathew Wilson

In some examples, a payment service receives transaction information of transactions performed between a plurality of users of the payment service. The payment service determines terms for a first user to finance, for a second user, at least part of an amount of a payment. The terms are determined based on at least one of: a) transaction information associated with the first user; (b) transaction information of at least one related user; or (c) transaction information associated with the second user. The payment service transmits the terms to the first user and the second user. The payment service subsequently receives funds from the second user, and provides the funds to the first user as repayment for at least the part of the amount of the payment financed by the first user.

Facilitating payments for users

Some examples include a payment processing system that receives transaction information of transactions performed between a plurality of merchants and a plurality of buyers, and receives an indication of an invoice generated by a first merchant and payable by a purchasing entity. The payment processing system may determine terms for payment of the invoice based on at least one of: (a) transaction information received from a first computing device of the first merchant configured as a point of sale terminal; (b) transaction information of at least one related merchant determined based on at least one of: a geographic location related to the purchasing entity, or a business type related to the purchasing entity; (c) transaction information of the purchasing entity; or (d) one or more characteristics of the invoice. The payment processing system transmits the terms to the first merchant, and may receive an acceptance from the first merchant.

Invoice financing and repayment

Introduced here is a technology for automatic notification of an invoice for a customer based on identification of a customer identifier included in transaction data received from a point-of-sale (POS) system of a particular merchant ('the invoice technology'). The notification can include a promotion to provide an incentive to the customer to pay the invoice. The notification can be presented on a display of the POS system. Alternatively, the notification can be presented in a receipt for the transaction conducted at the POS system, where that receipt can be transmitted for display at a user device of the customer. For example, the receipt can be in the form of an email message or a text message. Upon notification of the invoice, the customer can submit a payment for that invoice ('invoice payment') in exchange for the promotion.

Automatic invoice notification

Some examples include a payment processing system for processing point-of-sale transactions and extending financing to merchants for invoice payment. The payment processing system receives a request from a first merchant to generate an invoice for a second merchant. The payment processing system calculates financing terms for payment of the invoice, wherein the financing terms include repayment terms designating a portion of each transaction processed by the payment processing system for the second merchant to withhold for payment of the invoice. The payment processing system may advance payment of the invoice to the first merchant and take repayment from the portion of the withheld portion of transactions or transmit the withheld portion to the first merchant for payment of the invoice.

A payment service system may operate to handle physical currency management for one or more merchants. The payment service system may determine counts of denominations of currency to be stored at the merchant and counts at which additional currency items should be obtained or deposit of currency items should be made. The payment service may further determine suggested price changes, permanent or temporary, that may alter currency item usage. The payment service system may assign a courier to pickup a currency storage compartment of a merchant. The payment service may then receive a notification related to the arrival of the courier at the location of the currency storage compartment and transfer funds to an account of the merchant. After transferring the funds, the payment service system may then request the merchant device to allow pickup of the currency storage compartment by the courier.

Physical currency management

A payment service system may operate to handle physical currency management for one or more merchants. The payment service system may assign a courier to pickup a currency storage compartment of a merchant. The payment service may then receive a notification related to the arrival of the courier at the location of the currency storage compartment and transfer funds to an account of the merchant. After transferring the funds, the payment service system may then request the merchant device to allow pickup of the currency storage compartment by the courier.

Described is technology for automatic generation of an invoice for transactions initiated by a provider of goods and/or services with merchants, where the invoice is automatically populated with details of the transactions collected from respective point-of-sale (POS) systems of the merchants. In at least some embodiments, the invoice technology involves communication of transaction data between an application installed on a merchant POS system and a payment service system (PSS). Upon completion of a transaction initiated at the POS system, the PSS automatically allocates the transaction to a particular invoice based on an identifier included in the transaction data. The PSS then populates the invoice with item-level data of items in the transaction, and generates the populated invoice for the provider (e.g., to view and/or to send to appropriate client(s)). In some instances, the PSS provides an invoice dashboard that enables the provider to edit a generated invoice.

Automatic invoice generation

A payment processing system for processing point-of-sale transactions and extending financing to merchants for invoice payment is disclosed. The payment processing system receives a request from a first merchant to generate an invoice for a second merchant. The payment processing system calculates financing terms for payment of the invoice, wherein the financing terms include repayment terms designating a portion of each transaction processed by the payment processing system for the second merchant to withhold for payment of the invoice. The payment processing system may advance payment of the invoice to the first merchant and take repayment from the portion of the withheld portion of transactions or transmit the withheld portion to the first merchant for payment of the invoice.

Growing community of inventors

Alameda, CA, United States of America

Douglas Justin Shearer