Invention Grant
- Patent Title: Electronic payroll funds transfer delay and failed transfer coverage
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Application No.: US15995039Application Date: 2018-05-31
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Publication No.: US11379913B1Publication Date: 2022-07-05
- Inventor: Linnea Perelli-Minetti , Caroline Hollis , Theodore Kosev , Connor H. Dunn , Emily McLinden
- Applicant: Block, Inc.
- Applicant Address: US CA San Francisco
- Assignee: Block, Inc.
- Current Assignee: Block, Inc.
- Current Assignee Address: US CA San Francisco
- Agency: Mattingly & Malur, PC
- Main IPC: G06Q40/02
- IPC: G06Q40/02 ; G06Q40/00

Abstract:
The proposed system allows merchants to have more time to finalize payroll and to have access to capital for payroll processing. This system/process may include identifying eligible employer devices based on a risk score and transaction data received by the system. The system and process further includes providing an interface element via a user interface that activates a delay upon selection, and delaying initiation of an electronic payroll payment from a first date to a second date responsive to receiving selection of the interface element.
Information query