FUND WITHHOLDING FOR PAYROLL PAYMENTS

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.

PlanningG06Q 40/125G06Q 20/10G06Q 20/102G06Q 20/4016G06Q 20/405

AI classification

Planning0.82
Knowledge representation0.34
AI hardware0.10
Natural language0.01
Vision0.00
Evolutionary computation0.00
Speech0.00
Machine learning0.00

Ownership

SQUARE, INC.

assignment · 339380548

Assignors

NATHOO, AMIR, BRADY, JAMES COLIN, BHATT, ANISH

On an employer assignment, the assignors are typically the inventors.

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