Patents by Inventor Raymond Knight Mason, III

Raymond Knight Mason, III 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).

  • Predicting approval of transactions
    Patent number: 9911110
    Abstract: Method, systems, and apparatus for processing a payment transaction includes determining that a network connection between a first destination in a payment system and a second destination in a payment system does not satisfy a latency threshold; receiving data indicating a payment transaction between a customer and a merchant; determining whether the payment transaction should be stored, where the determining is based on a risk algorithm model that considers risk factors associated with data regarding the payment transaction, risk factors associated with data regarding the customer, and risk factors associated with data regarding the merchant; if the payment transaction should be stored: storing the payment transaction for future processing; displaying an indication that the payment transaction has been successfully processed; if the payment transaction should not be stored: attempting to send a request for authorization for the payment transaction at a payment service system included in the payment system.
    Type: Grant
    Filed: March 5, 2013
    Date of Patent: March 6, 2018
    Assignee: Square, Inc.
    Inventors: J. Bryan Scott, Jevin C. Bhorania, Raymond Knight Mason, III, Ariana Poursartip
  • PREDICTING APPROVAL OF TRANSACTIONS
    Publication number: 20140258118
    Abstract: Method, systems, and apparatus for processing a payment transaction includes determining that a network connection between a first destination in a payment system and a second destination in a payment system does not satisfy a latency threshold; receiving data indicating a payment transaction between a customer and a merchant; determining whether the payment transaction should be stored, where the determining is based on a risk algorithm model that considers risk factors associated with data regarding the payment transaction, risk factors associated with data regarding the customer, and risk factors associated with data regarding the merchant; if the payment transaction should be stored: storing the payment transaction for future processing; displaying an indication that the payment transaction has been successfully processed; if the payment transaction should not be stored: attempting to send a request for authorization for the payment transaction at a payment service system included in the payment system.
    Type: Application
    Filed: March 5, 2013
    Publication date: September 11, 2014
    Applicant: Square, Inc.
    Inventors: J. Bryan Scott, Jevin C. Bhorania, Raymond Knight Mason, III, Ariana Poursartip