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. 21, 2022
Filed:
Oct. 21, 2019
Block, Inc., San Francisco, CA (US);
John Bryan Scott, San Francisco, CA (US);
Brian Boates, San Francisco, CA (US);
Adam Jeremy Fern, San Francisco, CA (US);
Andrew Kimball, Moraga, CA (US);
BLOCK, INC., San Francisco, CA (US);
Abstract
In some examples, a payment processing system may send, based on transaction information received from a plurality of merchant devices, an incentive for a first merchant to whom financing has been provided, to achieve a performance target during a specified time period. For instance, the incentive may include a proposed modification to repayment terms for the financing to be implemented if the merchant achieves the performance target during the specified time period. The system may track transactions processed for the first merchant during the specified time period. Based on the tracking, the system may determine that the merchant has achieved the performance target during the specified time period for receiving the incentive, and may implement the modification of the repayment terms for the financing for the first merchant.