Patent №
US 10,007,953
Granted
2018-06-26
Filed 2014
Owner
SQUARE, INC.
Lab
—
AI components
1
planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
14334455
In some examples, a service provider may provide a payroll service and a payment processing service to businesses. For instance, with authorization from the employer, the service provider may withhold a percentage of funds received as sales revenue through the payment service. For example, the service provider may withhold a percentage of sales revenue each day to be used to pay at least a portion of the payroll payments paid to employees of the employer. Alternatively, the service provider may determine an amount of payroll payments currently due to be paid on a given day, and may deduct at least a portion of this amount from the sales revenue of the employer for that day. As another alternative, the service provider may make payroll payments in advance, and may withhold a percentage of the employer's daily sales revenue until the cash advance is paid back.
AI classification
Ownership
SQUARE, INC.
assignment · 339380548
Assignors
NATHOO, AMIR, BRADY, JAMES COLIN, BHATT, ANISH
On an employer assignment, the assignors are typically the inventors.