Square, Inc.

Block, Inc.

Kevin Teh

John Bryan Scott

Ariana Poursartip

In some examples, a system receives transaction information of transactions performed between merchants and customers. The system determines, based at least on the transaction information, financial factors of a user associated with a financial account of the system. The system may determine, based at least on the financial factors determined for the user, that the user is pre-qualified to receive financing up to an amount of financing. The system sends, to a user device of the user, an indication that the user is pre-qualified to receive the financing. Based at least on evaluating at least one transaction of the user and financial account information for the financial account associated with the user, the system sends an instruction to provide at least a portion of the amount of financing to the financial account of the user.

Distributed system for custom financing

In some examples, a payment server processes a plurality of transactions between a plurality of customers and a plurality of merchants, and trains a classifier with training data to obtain a trained classifier. The training data used for training the classifier includes the transaction information. The payment server inputs, to the trained classifier, information related to one or more transactions that are associated with a particular user, and may determine, based on an output from the trained classifier, an eligibility of the user to receive an offer for financing. The payment server generates the offer for the financing for an amount determined based at least in part on the eligibility of the user, and causes presentation of the offer on a computing device of the user. Based at least on receiving an indication of acceptance of the offer, the payment server sends an instruction for providing the financing.

Classifier performing eligibility determination

In some examples, a system receives transaction information for transactions performed between a plurality of users. Each user is associated with a user device that has an application that configures the user device to communicate the transaction information to the system. Based on transaction information received from a first user device of a first user, the system determines one or more factors indicative of the first user. The system compares the transaction information received from the plurality of user devices with the one or more factors of the first user to generate a custom financing offer for the first user, and sends a communication to cause the custom financing offer to be presented in a user interface on the first user device. In response to acceptance of the custom financing offer, the system sends an instruction to provide a financed amount to the account of the first user.

In some examples, a system may provide financing to a user associated with a user account. Further, a predefined time period for repayment of the financing may be associated with the financing. The system evaluates transactions processed via a user computing device of the user to determine, based at least on the evaluation, that the user is either ahead of schedule or behind schedule to repay the financing according to the predefined time period for repayment. Based at least on the evaluation and based on determining that the user is either ahead of schedule or behind schedule, the system may dynamically adjust a rate of repayment for the financing so that the user is on track for repaying the financing according to the predefined time period for repayment.

In some examples, a computing device may process a plurality of transactions initiating on at least one of mobile applications or web applications. The computing device may determine eligibility of a first merchant to receive an offer for financing based on one or more attributes of transactions, of the plurality of transactions, that are associated with the first merchant or one or more similar merchants. In addition, the computing device may generate the offer for financing for a particular amount based on the eligibility of the merchant. Further, the computing device may cause presentation of the offer for financing on a first merchant computing device associated with the first merchant. For example, the offer may specify terms for the financing and terms of repayment, the terms of repayment including using a portion of funds from at least one additional transaction for repayment.

Merchant financing system

In some examples, a system may receive, from a plurality of merchant devices associated with a plurality of merchants, transaction information of transactions performed between the plurality of merchants and a plurality of customers. The system may determine for a first merchant, based on the transaction information received from a first merchant device of the first merchant, one or more factors indicative of a business of the first merchant, and may compare the transaction information received from the plurality of merchant computing devices with the one or more factors determined for the first merchant to generate a custom financing offer for the first merchant. In addition, the system may send the custom financing offer to the first merchant device and, in response to an indication of acceptance of the custom financing offer, may send an instruction to provide a financed amount to an account of the first merchant.

A payment and financing system can determine whether a merchant is eligible for financing for a particular amount. The particular amount can be determined by evaluating previous financial transactions that were conducted by the merchant and other merchants through the payment and financing system. Once a determination is made that the merchant is eligible for the cash advance, the payment system can send a customized offer for financing in the particular amount to the merchant via a merchant computing device. The merchant can accept the offer for the cash advance by sending an acceptance to the payment and financing system, for example, through a financing interface on the merchant computing device. Upon accepting the offer, the merchant is provided the financed amount, for example, in the form of an electronic deposit in a financial account of the merchant.

A payment system can determine whether a merchant is eligible for a cash advance for a particular amount, along with a fee for the cash advance. The particular amount can be determined by evaluating previous financial transactions that were conducted by the merchant through the payment system. Once a determination is made that the merchant is eligible for the cash advance, the payment system can send an offer for the cash advance in the particular amount to the merchant, for example, in the form of an e-mail or text. The merchant can accept the offer for the cash advance by sending an acceptance to the payment system, for example, through a financing interface provided by the payment system. Upon accepting the offer, the merchant is provided the cash advance for the particular amount, for example, in the form of an electronic deposit in a financial account of the merchant.

In some examples, a payment system may receive, from a point-of-sale (POS) computing device of a merchant, transaction data for a plurality of financial transactions corresponding to purchases by a plurality of customers of items from the merchant. The payment system may determine, based in part on the received transaction data, an amount that is expected to be paid by the merchant during an upcoming time period. Furthermore, the payment system may determine, based at least partially on the transaction data, that the merchant is eligible to receive financing from the payment system for at least a portion of the amount. The payment system may send a notification that causes an application on a computing device of the merchant to display a financing offer interface presenting an offer for financing based on the amount. The payment system may receive, via the financing offer interface, an acceptance of the financing.

System and methods for providing financing to merchants

A payment system can determine when a business need for a merchant is expected to occur. The payment system can also determine whether the merchant is eligible for financing for a financing amount. Once a determination is made that the merchant is eligible for the financing, the payment system can send the merchant a notification describing the expected business need along with an offer for the financing, which may be presented in an interface on a merchant device. The merchant can accept the offer for the financing by sending an acceptance to the payment system. Upon accepting the offer, the merchant is provided the financing amount, for example, in the form of an electronic deposit in a financial account of the merchant.

Systems and methods for financing merchant business needs

Approaches to location based merchant financing

A payment system can determine when a business need for a merchant is expected to occur for a particular time period. The payment system can also determine whether a merchant is eligible for a cash advance for a particular amount, along with a fee for the cash advance. Once a determination is made that the merchant is eligible for the cash advance, the payment system can send the merchant a notification describing the expected business need for the particular time period along with an offer for the cash advance. The merchant can accept the offer for the cash advance by sending an acceptance to the payment system. Upon accepting the offer, the merchant is provided the cash advance for the particular amount, for example, in the form of an electronic deposit in a financial account of the merchant.

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San Francisco, CA, United States of America

Kevin Teh