Block grant share with mobile as a theme is 64% 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, 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's device, ensuring secure and authenticated transactions between parties.

The patent claims detail the steps involved in the authentication process, including performing two authentication processes, obtaining recipient details from the sender, and authorizing the payment transaction based on positive confirmation. The method allows for input of recipient details such as phone numbers, names, or pictures, enhancing the security and accuracy of the transaction. Additionally, the patent covers the storage and sharing of encrypted contact records, notification processes, and the use of confirmation requests to confirm the recipient's identity, providing a comprehensive system for secure payment transactions within a payment service system.

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