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US Patent 12136075 Allocation of transaction proceeds

Patent 12136075 was granted and assigned to Block on November, 2024 by the United States Patent and Trademark Office.

OverviewStructured DataIssuesContributors

Contents

Is a
Patent
Patent
0

Patent attributes

Patent Applicant
Block
Block
0
Current Assignee
Block
Block
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Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
121360750
Patent Inventor Names
Benjamin VandenBos0
Jeremy Mawson0
Michael Tomkins0
Date of Patent
November 5, 2024
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Patent Application Number
175004440
Date Filed
October 13, 2021
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Patent Citations
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US Patent 11176531 Integration of payment processing platform with payment making platform for differentiated payment allocations using cryptocurrency
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US Patent 9374370 Invariant biohash security system and method
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US Patent 10817853 Payment network for security assets
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US Patent 11276054 Integration of payment processing platform with payment making platform for differentiated payment allocations using cryptocurrency
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Patent Primary Examiner
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Paul Danneman
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CPC Code
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G06Q 20/3674
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G06Q 20/3829
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G06Q 20/204
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G06Q 20/223
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G06N 20/00
0
Patent abstract

A payment service configured to allocate proceeds of payment authorization requests between user accounts. In examples, the payment service receives, from a user device, a user's preference regarding how to allocate proceeds received in association with payment authorization requests. The payment service receives, from a payment application executing on the user device, a payment authorization request associated with one or more transactions between the user and another user. Based on the user's preference, the payment service determines a first portion of proceeds to be allocated for deposit into a first account of a user and a second portion to be allocated for deposit into a second account of the user. The payment service then causes the portions to be deposited accordingly.

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