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

Claim 13:
14. One or more non-transitory computer-readable media storing computer-executable instructions that, when executed by one or more processors, cause the one or more processors to perform operations comprising:
receiving, by one or more servers of a payment processing service and from a plurality of applications executing on respective point-of-sale (POS) devices of a plurality of merchants, first transaction data associated with a plurality of first transactions;
training, by the one or more servers, a predictive model based at least in part on the first transaction data, wherein the predictive model is trained to output a level of risk associated with a transaction;
receiving, by the one or more servers and from a POS device, of the POS devices, of a merchant of the plurality of merchants, second transaction data associated with a payment transaction between the merchant and a customer;
based at least in part on application of the predictive model to the second transaction data, determining, by the one or more servers, a level of risk associated with the payment transaction;
sending, by the one or more servers and to the POS device and based at least in part on the level of risk associated with the payment transaction, an offer for insurance to enable the merchant to purchase the insurance for the payment transaction; and
receiving, by the one or more servers, an indication that the merchant purchases the insurance for the payment transaction.