US 11,107,157 B1Granted

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

AssigneeSquare, Inc.

InventorsVarun Kerof, Elliot Block, Kelvin Chou, Theodore Kosev

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Abstract

Techniques for intelligently modifying capital loan offerings at a point-of-sale (POS) are described. Server(s) can receive, from a first POS device associated with a first merchant, transaction data associated with transaction(s) between the first merchant and customer(s). The server(s) can determine that the first merchant is eligible for a capital loan of a first amount. The server(s) can receive, from a second POS device associated with a second merchant, an authorization request to authorize a payment instrument, having a limit based on the first amount, for a purchase having a purchase amount greater than the first amount, and the server(s) can determine to increase the first amount to a second amount. The server(s) can send, to the second POS device, an indication that the payment instrument is authorized for at least the second amount, thereby modifying the amount of the capital loan at the POS.

Claims20

Dependent claims

A method, implemented by a server computer associated with a payment processing service that offers a capital loan product, the method comprising:

receiving, from a first point-of-sale (POS) device associated with a first merchant of a plurality of merchants, transaction data associated with transactions between the first merchant and customers, wherein the plurality of merchants are associated with the payment processing service;
determining, based on the transaction data, that the first merchant is eligible for a capital loan of a first loan amount;
responsive at least in part to determining that the first merchant is eligible, sending an offer for the capital loan to a device operated by the first merchant;
receiving an acceptance of the offer from the first merchant;
responsive at least in part to receiving the acceptance, providing, by the payment processing service, instructions to generate a payment instrument for the first merchant, wherein the payment instrument is associated with the capital loan and having has a limit of the first loan amount;
receiving, from a second POS device associated with a second merchant of the plurality of merchants, an authorization request to authorize the payment instrument for a purchase amount representing a cost of items to be purchased by the first merchant from the second merchant, the purchase amount being greater than the first loan amount;
responsive at least in part to receiving the authorization request, determining a relatedness score of the items to be purchased from the second merchant to an inventory of the first merchant, wherein determining the relatedness score comprises analyzing inventory data associated with the plurality of merchants;
based at least in part on the relatedness score exceeding a threshold relatedness score, modifying the first loan amount to a second loan amount greater than or equal to the purchase amount such that the payment instrument is authorized to process payment for the items to be purchased from the second merchant;
and
responsive at least in part to modifying the first loan amount, sending, to the second POS device, an indication that the payment instrument is authorized for the purchase amount.

7 more elements

A system associated with a payment processing service, the system comprising:

one or more processors;
and
one or more computer-readable media storing computer-executable instructions that, when executed by the one or more processors, cause the one or more processors to perform acts comprising:
receiving, from a first point-of-sale (POS) device associated with a first merchant of a plurality of merchants, transaction data associated with one or more transactions between the first merchant and one or more customers, wherein the plurality of merchants are associated with the payment processing service;
determining, based on the transaction data, that the first merchant is eligible for a capital loan for a first loan amount;
receiving, from a second POS device associated with a second merchant of the plurality of merchants, an authorization request to authorize a payment instrument for a purchase having a purchase amount that is greater than the first loan amount, the payment instrument being assigned to the first merchant and associated with the capital loan;
determining, responsive to receiving the authorization request and based on additional transaction data associated with the purchase, to modify the first loan amount of the capital loan to a second loan amount;
modifying the first loan amount to the second loan amount;
and
responsive at least in part to modifying the first loan amount, sending, to the second POS device, an indication that the payment instrument is authorized for the second loan amount, the second loan amount corresponding to at least a portion of the purchase amount.

7 more elements

A computer-implemented method comprising:

receiving, from a first point-of-sale (POS) device associated with a first merchant, transaction data associated with one or more transactions between the first merchant and one or more customers;
determining, based on the transaction data, that the first merchant is eligible for a capital loan of a first loan amount;
receiving, from a second POS device associated with a second merchant, an authorization request to authorize a payment instrument for a purchase having a purchase amount that is greater than the first loan amount, the payment instrument being associated with the capital loan and associated with a limit based on the first loan amount;
determining, responsive to receiving the authorization request and based on additional transaction data associated with the purchase, to modify the first loan amount to a second loan amount;
modifying the first loan amount to the second loan amount;
and
responsive at least in part to modifying the first loan amount, sending, to the second POS device, an indication that the payment instrument is authorized for at least the second loan amount.

4 more elements

Dependencies are inferred from the claim text.