US 12,346,962 B1
Mobile device integrating virtual payment card
Audrey Kim, San Francisco, CA (US); and Theodore Mao, Mill Valley, CA (US)
Assigned to Block, Inc., Oakland, CA (US)
Filed by Block, Inc., San Francisco, CA (US)
Filed on Jul. 25, 2022, as Appl. No. 17/872,207.
Application 17/872,207 is a continuation of application No. 17/035,848, filed on Sep. 29, 2020.
Application 17/035,848 is a continuation of application No. 15/814,378, filed on Nov. 15, 2017, granted, now 10,796,363, issued on Oct. 6, 2020.
Int. Cl. G06Q 40/03 (2023.01); G06N 20/00 (2019.01); G06Q 20/20 (2012.01); G06Q 20/40 (2012.01)
CPC G06Q 40/03 (2023.01) [G06N 20/00 (2019.01); G06Q 20/202 (2013.01); G06Q 20/40 (2013.01)] 18 Claims
OG exemplary drawing
 
1. A method comprising:
receiving, by a payment processing system and via an application executing on a computing device associated with a user, information related to the user including payment instrument information of a payment instrument associated with the user;
based at least on the information related to the user, configuring a first user interface of the application to present an interactive option for at least one customized financing offer to the user, each customized financing offer including an amount of financing available to the user;
detecting, on the first user interface, an input that corresponds to a selection of one of the at least one customized financing offer:
based on the input, generating, by the payment processing system, a virtual payment card with an identifier, the identifier being configured to permit use of the virtual payment card only for transactions that are in compliance with terms and conditions of the customized financing offer selected on the first user interface;
configuring a second user interface of the application to present at least the virtual payment card for making one or more of the transactions using the customized financing offer;
receiving, by the payment processing system, a notification of a qualified purchase from a merchant device in response to validating the identifier of the virtual payment card;
determining, by the payment processing system and based on monitoring the application executing on the computing device, that the user has selected repayment of at least a portion of the amount of financing according to a payment schedule including a plurality of payments; and
based at least on the payment schedule, charging, by the payment processing system, the payment instrument associated with the user for at least one payment of the plurality of payments.