Square, Inc.

Block, Inc.

Zachary Margolis

Michael Cormier

Christina Riechers

Kyle Callender

Trevor Luong

Janaiah McClure

Bora Fezga

Clay Robbins

Mark Rubin

Taylor Hunt

Justin Meretab

Swapnil Chavan

Jesse Lash

SatAmrit Khalsa

Intelligent management of authorization requests are described. A server of a payment processing service can receive an authorization request to authorize a payment instrument for a predicted cost of a transaction between a first user and a second user. The server can compare the predicted cost of the transaction with an available balance of the payment instrument and determine that the available balance is less than the predicted cost of the transaction. Based on determining that the available balance is less than the predicted cost of the transaction, the server can determine that the payment instrument is not authorized for the predicted cost of the transaction and can authorize the transaction instead of declining the transaction based at least in part on a prediction of the actual cost of the transaction.

Intelligent management of authorization requests

Intelligent bundling of multiple loans is described. In an example, server computing device(s) can receive a request for a first loan to enable a buyer to purchase a first item from a first merchant and can generate the first loan based at least in part on determining that the buyer purchased the first item. The first loan can be associated with a balance based on an actual purchase price of the first item. The server computing device(s) can determine to bundle repayment of the first loan with at least a second loan, and based on determining to bundle repayment of the first loan and at least the second loan, the server computing device(s) can repay at least a portion of the first loan and at least a portion of the second loan via a single payment from an account of the buyer.

Intelligently bundling payments

A stored balance with multi-channel withdrawal access is described. In an example, a server of a payment processing service can determine a stored balance based on funds received from point-of-sale (POS) transactions processed via the payment processing service on behalf of a merchant. The stored balance can be maintained in a ledger of the payment processing service. The server can associate the stored balance with a payment instrument of the merchant. The stored balance can be accessible via the payment instrument substantially immediately after funding of a transaction at the POS and via (i) an instant deposit to a linked bank account of the merchant and (ii) a scheduled deposit to the linked bank account, wherein the instant deposit is available substantially immediately after funding of the transaction and the scheduled deposit is made at a prearranged time after the funding of the transaction.

Stored balance with multi-channel withdrawal access

Activation of a payment instrument via an interaction with a payment reader is described herein. A request for a payment instrument that is to be associated with an account of the merchant that is maintained in a ledger of a payment processing service can be received from a point-of-sale (POS) application associated with a merchant device of a merchant. The merchant device can receive a request to activate the payment instrument and can prompt the merchant to cause an interaction between the payment instrument and a payment reader associated with the merchant device. Payment data associated with the payment instrument can be received from the payment reader, and it can be determined that the payment data corresponds to known payment data associated with the payment instrument. Accordingly, the payment instrument can be activated to enable the merchant to use the payment instrument for accessing the account.

Activation of payment card via interaction with payment reader

Growing community of inventors

San Francisco, CA, United States of America

Zachary Margolis