Block, Inc.
PAYMENT INSTRUMENT FOR USE IN MULTIPLE EVENTS OF A FINANCE OFFER

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Abstract:

Using a source of funds for multiple events associated with a finance offer and subsequently issued loan is described. In an example, a computing device can generate a finance offer for purchase of an item from a merchant, wherein the finance offer is conditional on satisfaction of a down payment term of the finance offer. The computing device can receive, from a buyer, payment information associated with a source of funds for satisfying the down payment term of the finance offer and based at least in part on a determination that the down payment term has been satisfied the finance offer can be satisfied. In an example, the payment information, and the source of funds, can be involved with at least one other event associated with the finance offer or a loan generated responsive to finalizing the finance offer.

Status:
Application
Type:

Utility

Filling date:

7 May 2019

Issue date:

12 Nov 2020