Employee customizable payroll processing

US11216891B2 · kind B2 · utility

Assignee

• INC SQUARE, CO., LTD · JP

Inventors

• Paul Aaron · San Francisco, US
• Cody Rose · San Francisco, US

Key dates

• Filing date: May 21, 2020
• Grant date: Jan 4, 2022
• Expiry date: May 21, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/342
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Various embodiments are related to apparatuses and methods related to payroll processing. An employee can designate a customized payroll pay period, and each employee can designate a different payroll pay period. For example, the employee can designate to receive payroll payments on any frequency supported by the employer, including receiving a daily payroll payment on each day that the employee works. The employee's employer can make payroll payments according to the employee's designation. Further, when the employer is a merchant that makes sales each day using, for example, a point of sale system, the employer can electronically pay the employee using funds from the day's sales. For example, the employee can work on a selected day, and can receive an electronic payroll payment at the end of the shift. The employee can immediately use the just received electronic payment funds to purchase a good from a second merchant.