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US Patent 11367096 Individualized incentives to improve financing outcomes

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Contents

Is a
Patent
Patent

Patent attributes

Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
11367096
Patent Inventor Names
John Bryan Scott0
Brian Boates0
Andrew Kimball0
Adam Jeremy Fern0
Date of Patent
June 21, 2022
Patent Application Number
16658198
Date Filed
October 21, 2019
Patent Citations
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US Patent 10607286 Distributed system for custom financing
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US Patent 10565642 Inventory management with capital advance
0
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US Patent 10019698 Merchant cash advance payment deferrals
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US Patent 10453086 Individualized incentives to improve financing outcomes
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US Patent 10445826 Merchant financing system
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US Patent 10455826 Method for autonomously weeding crops in an agricultural field
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US Patent 10062109 Systems and methods for financing merchant business needs
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US Patent 10346907 System and methods for providing financing to merchants
...
Patent Citations Received
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US Patent 12008643 Classifier performing eligibility determination
0
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US Patent 11593876 Machine learning for determining an API communication
0
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US Patent 11699182 Distributed system for custom financing
0
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US Patent 12002093 Distributed system for custom financing
0
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US Patent 11481839 Merchant financing system
Patent Primary Examiner
‌
David J Stoltenberg
CPC Code
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G06Q 20/202
‌
G06Q 20/24
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G06Q 20/322
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G06Q 30/0215

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.

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