Block had 33 patents in mobile during Q2 2024. Block Inc’s patents filed in Q2 2024 focus on provisioning systems for terminals, storing group data objects, generating user interfaces, monitoring inputs, associating proxy identifiers with financial accounts, and dynamically determining customized transaction flows based on parameters associated with payors and payees. These patents aim to enhance security, efficiency, and user experience in financial transactions. GlobalData’s report on Block gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Block had no grants in mobile as a theme in Q2 2024.
Recent Patents
Application: Systems and methods for provisioning point of sale terminals (Patent ID: US20240185227A1)
Block Inc. has developed a provisioning system for terminals, specifically point of sale terminals, that involves an interface device connecting a smart card to a provisioning server. The smart card stores initialization keys and security codes, which are then used to establish a secure channel between the smart card and the terminal. This allows for secure communication of transactions between the terminal and an issuer server. The system also involves the transmission of terminal authorization packages between the smart card, interface device, and provisioning server to ensure secure provisioning of point of sale terminals.
The patent claims detail the components and processes involved in the initialization device, including a card reader, network interface, and processor that work together to establish secure channels, transmit keys and codes, and receive terminal authorization packages. The system also includes an input device for entering security codes and an intermediate computing device for communication between the initialization device and provisioning server. Additionally, the claims specify the cryptographic signing of terminal authorization packages by the smart card, as well as the involvement of a hardware security module in the provisioning server for added security. Overall, the patent outlines a comprehensive system for securely provisioning point of sale terminals using smart cards and a dedicated interface device.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
