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:
Nov. 14, 2017
Filed:
Jul. 03, 2014
Paypal, Inc., San Jose, CA (US);
Luke Nosek, San Francisco, CA (US);
Chris Richman, Palo Alto, CA (US);
Roelof Botha, Mountain View, CA (US);
Maria Lee, Fremont, CA (US);
Kyle Hansen, San Francisco, CA (US);
Todd Pearson, Oakland, CA (US);
Denise Aptekar, Palo Alto, CA (US);
PAYPAL, INC., San Jose, CA (US);
Abstract
A system and method for making funds of a transaction available to a user before a funding entry clears is provided. The system may be part of an on-line system configured to facilitate payments or fund transfers from users. In example embodiments, a transaction request from a user is received. A risk score indicating a perceived risk involved with releasing funds before the funding entry clears is computed. Funds of the transaction are caused to be released prior to the funding entry clearing a financial institution based on the risk score exceeding a transfer threshold.