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US Patent 10007953 Fund withholding for payroll payments

Patent 10007953 was granted and assigned to Block on June, 2018 by the United States Patent and Trademark Office.

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Contents

Is a
Patent
Patent

Patent attributes

Patent Applicant
Block
Block
Current Assignee
Block
Block
Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
10007953
Date of Patent
June 26, 2018
Patent Application Number
14334455
Date Filed
July 17, 2014
Patent Citations Received
0
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US Patent 11393023 Adaptive multi-stage user interface for credit offers
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US Patent 11995715 Capital loan optimization
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US Patent 10275752 Anticipatory creation of point-of-sale data structures
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US Patent 10339608 Selectable payroll amounts for instant payroll deposits
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Patent Primary Examiner
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Talia F Crawley
Patent 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.

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