The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 26, 2018
Filed:
Jul. 17, 2014
Square, Inc., San Francisco, CA (US);
Amir Nathoo, San Francisco, CA (US);
James Colin Brady, San Francisco, CA (US);
Anish Bhatt, San Francisco, CA (US);
Square, Inc., San Francisco, CA (US);
Abstract
In some examples, a service provider may provide a payroll service and a payment processing service to businesses. For instance, with authorization from the employer, the service provider may withhold a percentage of funds received as sales revenue through the payment service. For example, the service provider may withhold a percentage of sales revenue each day to be used to pay at least a portion of the payroll payments paid to employees of the employer. Alternatively, the service provider may determine an amount of payroll payments currently due to be paid on a given day, and may deduct at least a portion of this amount from the sales revenue of the employer for that day. As another alternative, the service provider may make payroll payments in advance, and may withhold a percentage of the employer's daily sales revenue until the cash advance is paid back.