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US 12,469,089 B1Granted
Advancement of earned wages via payroll service
AssigneeBlock, Inc.
InventorsZachary Haitz, Jeffrey Rauch, Walid Owais
Life of this patent
Estimating the term…
Abstract
A payroll service can receive, from an employee's device, a request for early payment of earned wages for work performed for an employer. The payroll service can determine that the employee is eligible for the early payment of payroll funds. The payroll service facilitates transfer of a portion of the earned wages from a financial account of the payroll service to a financial account of the employee. The employer can then provide the payroll service payroll funds for a current pay period, and based on receiving the payroll funds, another portion of the earned wages is paid by the payroll service to the employee.
Claims20
A method comprising:
- receiving, by a device of a payroll service, employer information indicating at least an employer account of an employer with a payroll service;
- receiving, by the device of the payroll service and from a user device of an employee via an application executing on the user device, a request for a payment of earned wages for work by the employee for the employer in a current pay period, wherein the payment is in advance of a payday associated with the current pay period;
- determining, by the device of the payroll service, that the employer account has not received payroll funds corresponding to the earned wages from a bank account associated with the employer and;
- determining, by the device of the payroll service, that the employee is eligible to receive a portion of the earned wages at a time that is before the employer account has received the payroll funds from the bank account associated with the employer;
- facilitating, by the device of the payroll service, transfer of the portion of the earned wages from a financial account of the payroll service to a financial account of the employee;
- receiving, in the financial account of the payroll service and from the bank account associated with the employer, the payroll funds associated with the current pay period;
- and
- based at least in part on receiving the payroll funds, facilitating, by the device of the payroll service, a payment from the financial account of the payroll service to the financial account of the employee, of a balance due to the employee for the current pay period.
5 more elements
A system comprising:
- one or more processors;
- and
- one or more non-transitory computer-readable media storing instructions executable by the one or more processors, wherein the instructions cause the one or more processors to perform acts comprising:
- receiving, by a device of a payroll service, employer information indicating at least an employer account of an employer with a payroll service;
- receiving, by the device of the payroll service and from a user device of an employee via an application executing on the user device, a request for a payment of earned wages for work by the employee for the employer in a current pay period, wherein the payment is in advance of a payday associated with the current pay period;
- determining, by the device of the payroll service, that the employer account has not received payroll funds corresponding to the earned wages from a bank account associated with the employer and;
- determining, by the device of the payroll service, that the employee is eligible to receive a portion of the earned wages;
- facilitating, by the device of the payroll service, transfer of the portion of the earned wages from a financial account of the payroll service to a financial account of the employee;
- receiving, in the financial account of the payroll service and from the bank account associated with the employer, the payroll funds associated with the current pay period;
- and
- based at least in part on receiving the payroll funds, facilitating, by the device of the payroll service, a payment from the financial account of the payroll service to the financial account of the employee, of a balance due to the employee for the current pay period.
8 more elements
One or more non-transitory computer-readable media storing instructions executable by one or more processors that, when executed by the one or more processors, cause the one or more processors to perform acts comprising:
- receiving, by a device of a payroll service, employer information indicating at least an employer account of an employer with a payroll service;
- receiving, by the device of the payroll service and from a user device of an employee via an application executing on the user device, a request for a payment of earned wages for work by the employee for the employer in a current pay period, wherein the payment is in advance of a payday associated with the current pay period;
- determining, by the device of the payroll service, that the employer account has not received payroll funds corresponding to the earned wages from a bank account associated with the employer and;
- determining, by the device of the payroll service, that the employee is eligible to receive a portion of the earned wages at a time that is before the employer account has received the payroll funds from the bank account associated with the employer;
- facilitating, by the device of the payroll service, transfer of the portion of the earned wages from a financial account of the payroll service to a financial account of the employee;
- receiving, in the financial account of the payroll service and from the bank account associated with the employer, the payroll funds associated with the current pay period;
- and
- based at least in part on receiving the payroll funds, facilitating, by the device of the payroll service, a payment from the financial account of the payroll service to the financial account of the employee, of a balance due to the employee for the current pay period.
5 more elements
Dependencies are inferred from the claim text.