Ring transaction wearable payment device patent granted
Summary
USPTO granted Block Inc. patent US12597009B2 for a wearable ring device system that communicates user transaction information to a reader for performing contactless payments. The patent covers finger rings or other jewelry embedded with technology enabling convenient point-of-sale transactions without traditional wallet access.
What changed
USPTO issued patent grant US12597009B2 to Block, Inc. (formerly Square, Inc.) covering systems and methods for performing transactions using a wearable device such as a finger ring. The patent includes 20 claims related to the communication between the wearable device and a reader, including NFC/RFID technology, power harvesting, and secure transaction processing.
For Block Inc., this patent grant secures exclusive intellectual property rights for wearable payment ring technology, potentially strengthening their competitive position in the contactless payment hardware market. Competitors developing similar wearable payment devices should review this patent for potential licensing needs or design-around considerations. The patent may also support Block's product development roadmap for future Square/Cash App hardware integrations.
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Apr 7, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Systems and methods for performing transactions
Grant US12597009B2 Kind: B2 Apr 07, 2026
Assignee
Block, Inc.
Inventors
Afshin Rezayee, Emad Bidari, Thomas Templeton, Michael Lamfalusi, Matthew H. Maibach, Jesse L. Dorogusker
Abstract
A wearable device, such as a finger ring worn by a user, communicates information about a user to a reader that uses the information in order to perform a transaction. Such wearable device may be conveniently carried by and accessible to the user such that utilization of the device for the transaction is less burdensome for the user, thereby encouraging use of the device for particular transactions. Indeed, in some cases, such as when the device is implemented as a finger ring or other type of jewelry, the user may be encouraged to carry the device in an exposed manner such that it is readily available for the transaction without the user having to search in a wallet, pocket, or purse for the device.
CPC Classifications
G06Q 20/321 G06Q 20/409 G06Q 20/401 G06K 7/10148 G06K 7/10297 G06K 19/0709 G06K 19/0712 G06K 19/0726 G06K 19/07762 G06K 19/07779 H01Q 1/273
Filing Date
2024-11-22
Application No.
18957361
Claims
20
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