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US 11,379,868 B1Granted
Dynamically financed customer engagement campaign
AssigneeBlock, Inc.
InventorGarrett Spitzer
Life of this patent
Estimating the term…
Abstract
In some examples a payment processing system processes transactions between a merchant and customers during a time period, and may determine financing terms including a redemption amount to offset discounts given by the merchant for the transactions during the time period. The payment processing system may identify an amount of the discount given by the merchant to respective customers for the transactions and payment amounts received from the respective customers. In addition, the payment processing system may deposit an amount in an account associated with the merchant. For instance, the amount may be based at least on the redemption amount determined based on the discounts given by the merchant for the transactions during the time period.
Claims18
A system comprising:
- one or more processors;
- one or more non-transitory computer-readable media storing processor-executable instructions that, when executed, configure the one or more processors to perform operations comprising:
- determining, by a payment processing system, financing terms for financing to offset discounts given by a merchant to a plurality of customers for transactions between the merchant and the plurality of customers during a time period for a financed customer engagement campaign in which costs to the merchant for the financed customer engagement campaign are delayed for the merchant based on the financing provided via the payment processing system, the costs including the discounts given by the merchant to respective customers of the plurality of customers as part of the financed customer engagement campaign;
- processing, by the payment processing system, the transactions between the merchant and the plurality of customers during the time period, wherein processing the transactions includes receiving, from a merchant device of the merchant, respective payment instrument information for a respective customer of the plurality of customers and automatically applying a respective discount to a respective transaction based on determining that an incentive associated with the merchant was previously linked to the respective payment instrument of the respective customer for use at the merchant during the time period;
- tracking, by the payment processing system, discount amounts of the respective discounts given by the merchant to the respective customers for the respective transactions, and payment amounts corresponding to the respective transactions and received from the respective customers for the transactions;
- determining, by the payment processing system, before an end of the time period, one or more settlement amounts to add to an account associated with the merchant based at least on the tracked discount amounts of the discounts given by the merchant to the respective customers for the transactions;
- depositing, by the payment processing system, the one or more settlement amounts in one or more financial accounts associated with the merchant;
- and
- withholding, by the payment processing system, a portion of funds received for transactions processed for the merchant by the payment processing system following the end of the time period, wherein the portion of funds is withheld for repayment of a financed amount that is based at least on the one or more settlement amounts.
6 more elements
A method comprising:
- determining, by a payment processing system, financing terms for financing to offset discounts given by a merchant to a plurality of customers for transactions between the merchant and the plurality of customers during a time period;
- processing, by the payment processing system, the transactions between the merchant and the plurality of customers during the time period, wherein processing the transactions includes receiving, from a merchant device of the merchant, respective payment instrument information for a respective customer of the plurality of customers and automatically applying a respective discount to a respective transaction based on determining that an incentive associated with the merchant was previously linked to the respective payment instrument of the respective customer for use at the merchant during the time period;
- tracking, by the payment processing system, discount amounts of the respective discounts given by the merchant to the respective customers for the respective transactions, and payment amounts corresponding to the respective transactions and received from the respective customers;
- determining, by the payment processing system, before an end of the time period, one or more settlement amounts to add to an account associated with the merchant based at least on the tracked discount amounts of the discounts given by the merchant to the respective customers for the transactions;
- depositing, by the payment processing system, before an end of the time period, the one or more settlement amounts in the account associated with the merchant;
- and
- withholding, by the payment processing system, a portion of funds received for transactions processed for the merchant by the payment processing system following the end of the time period, wherein the portion of funds is withheld for repayment of a financed amount that is based at least on the one or more settlement amounts.
4 more elements
One or more non-transitory computer-readable media storing processor-executable instructions which, when executed by one or more processors associated with a payment processing system, configure the one or more processors to perform operations comprising:
- determining financing terms for financing to offset discounts given by a merchant to a plurality of customers for transactions between the merchant and the plurality of customers during a time period;
- processing the transactions between the merchant and the plurality of customers during the time period, wherein processing the transactions includes receiving, from a merchant device of the merchant, respective payment instrument information for a respective customer of the plurality of customers and automatically applying a respective discount to a respective transaction based on determining that an incentive associated with the merchant was previously linked to the respective payment instrument of the respective customer for use at the merchant during the time period;
- tracking discount amounts of the respective discounts given by the merchant to the respective customers for the respective transactions, and payment amounts corresponding to the respective transactions and received from the respective customers;
- determining, before an end of the time period, one or more settlement amounts to add to an account associated with the merchant based at least on the tracked discount amounts of the discounts given by the merchant to the respective customers for the transactions;
- depositing, before an end of the time period, the one or more settlement amounts in the account associated with the merchant;
- and
- withholding, by the payment processing system, a portion of funds received for transactions processed for the merchant by the payment processing system following the end of the time period, wherein the portion of funds is withheld for repayment of a financed amount that is based at least on the one or more settlement amounts.
4 more elements
Dependencies are inferred from the claim text.