Block, Inc.

Square, Inc.

Robert Harrison Gilliam

Christopher Lang Mocko

Wesley Kim

Kyle Matson

Edward Chung

Michael Wells White

Koun Han

Systems and methods for pairing a payment object reader with a computing device are described. An example method includes detecting, by a computing device and while in a pairing mode, a plurality of payment object readers. Each of the plurality of payment object readers is configurable to be paired wirelessly with the computing device. Each of the plurality of payment object readers outputs a signal strength representative of a location of the payment object reader relative to the computing device. The computing device tracks respective signal strengths of the plurality of payment object readers over time. Based on a determination that a change in a signal strength of a particular payment object reader of the plurality of payment object readers represents movement of the particular payment object reader relative to the computing device, a wireless communication channel is established between the particular payment object reader and the computing device.

Pairing a payment object reader with a point-of-sale terminal

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 an entity device that includes a representation of the eligible interaction(s). A pop-up window may be overlaid on the user interface that includes a display element selectable to request the expedited payment of at least one of the eligible interactions. Based on receipt of an indication that the entity has selected the display element, an expedited payment may be initiated for the at least one eligible interaction. After initiating the expedited payment in near real-time, a non- expedited payment may be initiated for remaining interaction(s).

Expedited point-of-sale merchant payments

In some examples, a system and method for pairing a payment object reader with a point-of-sale (POS) terminal is described herein. The method includes determining, by a wireless transceiver, a first value of signal strength corresponding to a current position of the payment object reader and a second value of signal strength corresponding to a new position of the payment object reader. The POS terminal then identifies the first wireless device as an intended candidate for pairing with the second wireless device based on variation in signal strength from the first value of signal strength to the second value of signal strength. Accordingly, the POS terminal establishes a wireless communication channel between the POS terminal and the payment object reader device for exchange of information. Once paired, the payment object reader allows the POS terminal to accept payments from a customer.

A payment service is configured to support purchase transactions generated by merchant point-of-sale (POS) devices. As transactions are conducted, the payment service evaluates, for each transaction, the risk of subsequent chargeback. The payment service then notifies the merchant that expedited payment is available for transactions having low risks of chargeback. The merchant can select a user interface element to initiate expedited payment of the transactions via a debit card linked to the merchant's bank account. Other transactions are settled in a non-expedited manner, using a batch funds transfer.

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San Francisco, CA, United States of America

Robert Harrison Gilliam