Patent ID: 11914154
Assignee: BLOCK, INC.
Field: Optics (Instruments)
Classification: CPC G | IPC G

Claim 8:
9. A computer-implemented method comprising:
receiving, by one or more servers of a payment processing service and from a point-of-sale (POS) device operable by a first merchant, first transaction data associated with a first transaction between the first merchant and a customer;
training a predictive model using second transaction data associated with second transactions between a plurality of second merchants and customers of the plurality of second merchants;
determining, based at least in part on the predictive model, a level of risk associated with at least a portion of the first transaction;
based at least in part on the level of risk, determining an offer of insurance for the first merchant to insure at least the portion of the first transaction against the risk of chargeback;
sending the offer to the POS device;
receiving an indication of an acceptance of the offer; and
modifying at least one term of settlement of the first transaction with the first merchant based on the acceptance of the offer.