Intelligent modification of capital loan offerings at point-of-sale

US11803902B1 · kind B1 · utility

Assignee

• Block, Inc. · US

Inventors

• Varun Kerof · Burlingame, US
• Elliot Block · New York, US
• Kelvin Chou · Monte Sereno, US
• Theodore Kosev · Seattle, US

Key dates

• Filing date: Aug 30, 2021
• Grant date: Oct 31, 2023
• Expiry date: Sep 12, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q2220/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In some examples, a payment instrument is associated with a financing limit. A processor may receive, from a point of sale (POS) device associated with a merchant, an authorization request to authorize the payment instrument for a purchase of one or more first items having a purchase amount that is greater than the first amount. The processor may determine that the first item is a type of item in an inventory of a business of the user. Based at least on determining that a quantity of the type of item in the inventory is below a threshold quantity, changing the first amount to a second amount that is based on the purchase amount. Based at least on changing the first amount, sending to the POS device, an indication that the payment instrument is authorized for the second amount.