Patents by Inventor Kevin Teh
Kevin Teh has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 11699182Abstract: In some examples, a system may provide financing to a user associated with a user account. Further, a predefined time period for repayment of the financing may be associated with the financing. The system evaluates transactions processed via a user computing device of the user to determine, based at least on the evaluation, that the user is either ahead of schedule or behind schedule to repay the financing according to the predefined time period for repayment. Based at least on the evaluation and based on determining that the user is either ahead of schedule or behind schedule, the system may dynamically adjust a rate of repayment for the financing so that the user is on track for repaying the financing according to the predefined time period for repayment.Type: GrantFiled: August 20, 2021Date of Patent: July 11, 2023Assignee: BLOCK, INC.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 11481839Abstract: In some examples, a computing device may process a plurality of transactions initiating on at least one of mobile applications or web applications. The computing device may determine eligibility of a first merchant to receive an offer for financing based on one or more attributes of transactions, of the plurality of transactions, that are associated with the first merchant or one or more similar merchants. In addition, the computing device may generate the offer for financing for a particular amount based on the eligibility of the merchant. Further, the computing device may cause presentation of the offer for financing on a first merchant computing device associated with the first merchant. For example, the offer may specify terms for the financing and terms of repayment, the terms of repayment including using a portion of funds from at least one additional transaction for repayment.Type: GrantFiled: October 9, 2019Date of Patent: October 25, 2022Assignee: BLOCK, INC.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 11100576Abstract: In some examples, a system may receive, from a plurality of merchant devices associated with a plurality of merchants, transaction information of transactions performed between the plurality of merchants and a plurality of customers. The system may determine for a first merchant, based on the transaction information received from a first merchant device of the first merchant, one or more factors indicative of a business of the first merchant, and may compare the transaction information received from the plurality of merchant computing devices with the one or more factors determined for the first merchant to generate a custom financing offer for the first merchant. In addition, the system may send the custom financing offer to the first merchant device and, in response to an indication of acceptance of the custom financing offer, may send an instruction to provide a financed amount to an account of the first merchant.Type: GrantFiled: March 4, 2020Date of Patent: August 24, 2021Assignee: SQUARE, INC.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 10607286Abstract: A payment and financing system can determine whether a merchant is eligible for financing for a particular amount. The particular amount can be determined by evaluating previous financial transactions that were conducted by the merchant and other merchants through the payment and financing system. Once a determination is made that the merchant is eligible for the cash advance, the payment system can send a customized offer for financing in the particular amount to the merchant via a merchant computing device. The merchant can accept the offer for the cash advance by sending an acceptance to the payment and financing system, for example, through a financing interface on the merchant computing device. Upon accepting the offer, the merchant is provided the financed amount, for example, in the form of an electronic deposit in a financial account of the merchant.Type: GrantFiled: August 7, 2017Date of Patent: March 31, 2020Assignee: SQUARE, INC.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 10445826Abstract: A payment system can determine whether a merchant is eligible for a cash advance for a particular amount, along with a fee for the cash advance. The particular amount can be determined by evaluating previous financial transactions that were conducted by the merchant through the payment system. Once a determination is made that the merchant is eligible for the cash advance, the payment system can send an offer for the cash advance in the particular amount to the merchant, for example, in the form of an e-mail or text. The merchant can accept the offer for the cash advance by sending an acceptance to the payment system, for example, through a financing interface provided by the payment system. Upon accepting the offer, the merchant is provided the cash advance for the particular amount, for example, in the form of an electronic deposit in a financial account of the merchant.Type: GrantFiled: September 19, 2014Date of Patent: October 15, 2019Assignee: SQUARE, INC.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 10346907Abstract: In some examples, a payment system may receive, from a point-of-sale (POS) computing device of a merchant, transaction data for a plurality of financial transactions corresponding to purchases by a plurality of customers of items from the merchant. The payment system may determine, based in part on the received transaction data, an amount that is expected to be paid by the merchant during an upcoming time period. Furthermore, the payment system may determine, based at least partially on the transaction data, that the merchant is eligible to receive financing from the payment system for at least a portion of the amount. The payment system may send a notification that causes an application on a computing device of the merchant to display a financing offer interface presenting an offer for financing based on the amount. The payment system may receive, via the financing offer interface, an acceptance of the financing.Type: GrantFiled: August 24, 2018Date of Patent: July 9, 2019Assignee: Square, Inc.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 10062109Abstract: A payment system can determine when a business need for a merchant is expected to occur. The payment system can also determine whether the merchant is eligible for financing for a financing amount. Once a determination is made that the merchant is eligible for the financing, the payment system can send the merchant a notification describing the expected business need along with an offer for the financing, which may be presented in an interface on a merchant device. The merchant can accept the offer for the financing by sending an acceptance to the payment system. Upon accepting the offer, the merchant is provided the financing amount, for example, in the form of an electronic deposit in a financial account of the merchant.Type: GrantFiled: October 5, 2017Date of Patent: August 28, 2018Assignee: SQUARE, INC.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 9984412Abstract: A payment system can determine whether a merchant is eligible for a cash advance for a particular amount, along with a fee for the cash advance. The particular amount can be determined by evaluating previous financial transactions that were conducted by the merchant through the payment system. Once a determination is made that the merchant is eligible for the cash advance, the payment system can send an offer for the cash advance in the particular amount to the merchant, for example, in the form of an e-mail or text. The merchant can accept the offer for the cash advance by sending an acceptance to the payment system, for example, through a financing interface provided by the payment system. Upon accepting the offer, the merchant is provided the cash advance for the particular amount, for example, in the form of an electronic deposit in a financial account of the merchant.Type: GrantFiled: September 19, 2014Date of Patent: May 29, 2018Assignee: Square, Inc.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 9786005Abstract: A payment system can determine when a business need for a merchant is expected to occur for a particular time period. The payment system can also determine whether a merchant is eligible for a cash advance for a particular amount, along with a fee for the cash advance. Once a determination is made that the merchant is eligible for the cash advance, the payment system can send the merchant a notification describing the expected business need for the particular time period along with an offer for the cash advance. The merchant can accept the offer for the cash advance by sending an acceptance to the payment system. Upon accepting the offer, the merchant is provided the cash advance for the particular amount, for example, in the form of an electronic deposit in a financial account of the merchant.Type: GrantFiled: September 19, 2014Date of Patent: October 10, 2017Assignee: SQUARE, INC.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh
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Patent number: 9727912Abstract: A payment system can determine whether a merchant is eligible for a cash advance for a particular amount, along with a fee for the cash advance. The particular amount can be determined by evaluating previous financial transactions that were conducted by the merchant through the payment system. Once a determination is made that the merchant is eligible for the cash advance, the payment system can send an offer for the cash advance in the particular amount to the merchant, for example, in the form of an e-mail or text. The merchant can accept the offer for the cash advance by sending an acceptance to the payment system, for example, through a financing interface provided by the payment system. Upon accepting the offer, the merchant is provided the cash advance for the particular amount, for example, in the form of an electronic deposit in a financial account of the merchant.Type: GrantFiled: September 19, 2014Date of Patent: August 8, 2017Assignee: SQUARE, INC.Inventors: Ariana Poursartip, John Bryan Scott, Kevin Teh