Block grant share with digitalization as a theme is 60% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Contacts for misdirected payments and user authentication (Patent ID: US20230419294A1)

Block Inc. has filed a patent for a computer-implemented method that involves receiving a payment request from a sender's device through a payment application, determining a similarity score between the sender and recipient based on contact records, and sending a confirmation request to the sender if the similarity score is below a threshold. The method further includes authorizing a payment transaction upon receiving an approval response from the sender, ensuring secure and authenticated transactions between parties.

The patent also includes various claims related to the authentication process, such as performing different authentication processes, obtaining recipient details from the sender, and storing encrypted contact records. Additionally, the method involves receiving notifications of authentication processes, sending confirmation requests to the sender's device, and authorizing payment transactions based on positive confirmation responses. These claims highlight the emphasis on secure payment transactions, including verifying recipient details provided by the sender and ensuring a reliable authentication process to prevent fraudulent activities within the payment service system.

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