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. 21, 2017
Filed:
Feb. 06, 2015
Square, Inc., San Francisco, CA (US);
Brian Boates, San Francisco, CA (US);
Adam Jeremy Fern, San Francisco, CA (US);
Andrew Kimball, Moraga, CA (US);
John Bryan Scott, San Francisco, CA (US);
SQUARE, INC., San Francisco, CA (US);
Abstract
A payment processing system for mobile point-of-sale transactions from a mobile point-of-sale (POS) terminal including a payment card reader having a card interface configured to read data from a payment card, the payment processing system configured to process a request from a merchant to provide financing for a purchase by a buyer (e.g., a second merchant). The payment processing system is further configured to calculate financing terms including an approved purchase amount and repayment terms for the approved purchase amount, to transmit the financing terms to the merchant for presentation to the buyer via the mobile POS terminal, to receive an acceptance of the financing terms from the buyer, to transmit the approved purchase amount to the merchant, and to receive payment from the buyer according to the repayment terms.