Rewards for a virtual cash card

US11842345B2 · kind B2 · utility

Assignee

• Block, Inc. · US

Inventors

• Benjamin Shen · Bethesda, US
• Rebecca Corcillo · San Francisco, US
• Michael Duane · Austin, US
• Owen Jennings · San Francisco, US

Key dates

• Filing date: Dec 30, 2020
• Grant date: Dec 12, 2023
• Expiry date: Jan 12, 2041

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2209/56
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computer-implemented method including storing assets from an external entity in a first wallet of a payment service; training a machine-learning model using transaction data, user data, and/or rewards data; determining, using the machine-learning model, reward offers personalized for a user; activating a reward offer; receiving a request to process payment for a user's payment transaction; determining that a reward configuration is applicable; determining an amount of stored assets to assign to the user and assigning the assets to a second wallet of the user, wherein assigning the amount comprises: updating, using an internal ledger, the first wallet to indicate that a portion of the stored assets is owned by the user; and updating the second wallet to indicate ownership of the amount of the asset, wherein the updating of the first wallet and the second wallet is performed without accessing the external entity when updating.