Systems and methods for point of sale deposits

Patent metadata

Field	Value
Publication number	US-10068212-B2
Application number	US-201815904227-A
Country	US
Kind code	B2
Filing date	Feb 23, 2018
Priority date	Aug 30, 2013
Publication date	Sep 4, 2018
Grant date	Sep 4, 2018

Abstract

The disclosed embodiments include systems and methods for executing a point of sale deposit. In one embodiment, a system may include one or more memory devices storing software instructions, and one or more processors configured to execute the software instructions to receive transaction information related to a point of sale deposit from a client device, and generate a pending deposit transaction based on the transaction information. The one or more processors may be further configured to execute the software instructions to receive a first transaction token from the client device, receive a second transaction token from a third-party device, match the first transaction token to the second transaction token, and complete the pending deposit transaction based on the match.

First claim

What is claimed is:

1. A method for executing a point-of-sale deposit, the method comprising:
receiving, from a client device, transaction information related to a point-of-sale deposit;
generating a temporary financial account;
generating a first transaction token associated with the temporary financial account;
transmitting the first transaction token to the client device;
receiving second transaction token from a merchant device, wherein the second transaction token indicates that a merchant received funds for the point-of-sale deposit;
comparing the first transaction token to the second transaction token;
activating the temporary financial account based on the comparison of the first transaction token to the second transaction token;
transmitting an activation notification to a financial service provider device indicating that the temporary financial account was activated.

2. The method of claim 1 , wherein the transaction information includes at least one of an amount to be deposited, an account identifier, a customer identifier, or an amount to purchase one or more items.

3. The method of claim 2 , wherein the account identifier identifies a financial service account to receive the amount to be deposited.

4. The method of claim 1 , wherein the first transaction token includes a first transaction identifier and the second transaction token includes a second transaction identifier.

5. The method of claim 1 , wherein the point-of-sale device comprises an ATM.

6. The method of claim 1 , wherein the first transaction identifier comprises alphanumeric characters.

7. The method of claim 1 , further comprising:
receiving an indication that the financial service provider device received the activation notification.

8. The method of claim 7 , further comprising:
deactivating the temporary financial account based on the indication.

9. The method of claim 8 , wherein deactivating the temporary financial account based on the indication comprises deleting the first and second transaction tokens.

10. The method of claim 1 , wherein the second transaction token is received from a merchant device via an application programmable interface.

11. The method of claim 1 , further comprising:
receiving, from the financial service provider, a notification indicating completion of the point-of-sale deposit.

12. The method of claim 11 , further comprising:
in response to receiving the notification indicating completion of the point-of-sale deposit, deactivating the temporary financial account.

13. The method of claim 11 , further comprising:
in response to receiving the notification indicating completion of the point-of-sale deposit, transferring an amount associated with the transaction information to the financial service provider.

14. The method of claim 1 , wherein the deposit transaction expires after a predetermined period of time.

15. The method of claim 1 , wherein generating a first transaction token associated with the temporary financial account further comprises:
encoding transaction information into the first transaction token; and
associating the encoding transaction information to the temporary financial account.

16. The method of claim 1 , wherein the first transaction token comprises first location information and the second transaction token comprises second location information.

17. The method of claim 1 , wherein comparing the first transaction token to the second transaction token further comprises comparing first location information identifying a location of the client device and second location information identifying a location of the merchant.

18. The method of claim 1 , wherein the second transaction token is an optical representation of the first transaction token.

19. The method of claim 1 , wherein the transaction token is received from the merchant device via purchasing at least one of a good or service, the merchant device being associated with a point-of-sale device and the point-of-sale device being used to initiate the point-of-sale deposit.

20. A non-transitory computer-readable medium storing instructions that, when executed by one or more hardware processors, configures the one or more hardware processors to perform operations for executing a point-of-sale deposit, the operations comprising:
receiving, from a client device, transaction information related to a point-of-sale deposit;
generating a temporary financial account;
generating a first transaction token associated with the temporary financial account;
transmitting the first transaction token to the client device;
receiving second transaction token from a merchant device, wherein the second transaction token indicates that a merchant received funds for the point-of-sale deposit;
comparing the first transaction token to the second transaction token;
activating the temporary financial account based on a matching comparison; and
transmitting an activation notification to a financial service provider device indicating that the temporary financial account was activated.

Assignees

• Capital One Services Llc

Inventors

• Brennan Dennis S
• Potter Steven
• Witter Jonathan

Classifications

• G06Q40/02

  Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03) · CPC title

• G06Q20/40

  Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists · CPC title

• G06Q20/20

  Point-of-sale [POS] network systems · CPC title

• G06Q20/108 Primary

  Remote banking, e.g. home banking · CPC title

• G06Q20/36

  using electronic wallets or electronic money safes · CPC title