Transaction modification based on modeled profiles

US11776038B2 · kind B2 · utility

Assignee

• Block, Inc. · US

Inventors

• Abhay Kumar · Chapra, IN
• Dan Hipschman · San Francisco, US
• Rong Yan · Palo Alto, US
• John Berian James · San Francisco, US
• Gian Perrone · San Francisco, US
• Mai Leduc · San Francisco, US

Key dates

• Filing date: Oct 7, 2020
• Grant date: Oct 3, 2023
• Expiry date: Mar 24, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0268
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Transaction modification based on modeled profiles is described. In an example, transaction data can be received by a payment processing system. The payment processing system can generate, using a trained model, profiles. Based at least in part on (i) receiving an indication that a buyer and a merchant are engaged in, or likely to be engaged in, a transaction and (ii) determining that a characteristic of the transaction corresponds to a profile, generating a communication to enable the buyer or the merchant to modify the transaction in association with processing of the transaction.