US 11,720,959 B1
Payment processor financing of customer purchases
Brian Boates, San Francisco, CA (US); Adam Jeremy Fern, San Francisco, CA (US); Andrew Kimball, Moraga, CA (US); and John Bryan Scott, San Francisco, CA (US)
Assigned to BLOCK, INC., Oakland, CA (US)
Filed by Block, Inc., San Francisco, CA (US)
Filed on Aug. 24, 2020, as Appl. No. 17/650.
Application 17/000,650 is a continuation of application No. 15/798,868, filed on Oct. 31, 2017, granted, now 10,755,349.
Application 15/798,868 is a continuation of application No. 14/616,515, filed on Feb. 6, 2015, granted, now 9,824,394, issued on Nov. 21, 2017.
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/02 (2012.01); G06Q 20/08 (2012.01); G06Q 20/02 (2012.01); G06Q 20/20 (2012.01); G06Q 20/32 (2012.01); G06Q 20/40 (2012.01); G06Q 40/03 (2023.01)
CPC G06Q 40/03 (2023.01) [G06Q 20/02 (2013.01); G06Q 20/08 (2013.01); G06Q 20/20 (2013.01); G06Q 20/204 (2013.01); G06Q 20/322 (2013.01); G06Q 20/405 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A computer-implemented method comprising:
receiving, by a payment processing system, from a plurality of merchant computing devices associated with respective merchants, transaction information of transactions performed between the respective merchants and a plurality of customers;
receiving, from a first computing device, a request to finance a first purchase to be made by a customer from a first merchant, the request including payment instrument information for a payment instrument presented to the first merchant by the customer;
determining, based at least partially on the payment instrument information and analysis of previous transactions of the customer determined from the received transaction information, financing terms to provide financing to the customer for the first purchase, the financing terms including a financed amount and repayment terms for the customer for the financed amount for the first purchase;
transmitting the financing terms to the first computing device;
receiving, from the first computing device, an acceptance by the customer of the financing terms;
sending, based on the approved financed amount, a communication indicating an amount to provide to an account associated with the first merchant for the first purchase;
subsequent to the first purchase, receiving, by the payment processing system, transaction information for a second purchase initiated by the customer from one of the first merchant or a second merchant, different from the first merchant, the received transaction information for the second purchase including the payment instrument information of the payment instrument of the customer to be used for payment for at least a portion of the second purchase; and
based at least on determining that the payment instrument information received for the payment for at least the portion of the second purchase from the one of the first merchant or the second merchant corresponds to the customer that received the financing for the first purchase, charging, by the payment processing system, the payment instrument of the customer for the payment for at least the portion of the second purchase and also charging the payment instrument of the customer for at least a portion of repayment of the financing for the first purchase.