Processing transactions using convertible optimized attribute packages

Patent metadata

Field	Value
Publication number	US-10380584-B2
Application number	US-201514924593-A
Country	US
Kind code	B2
Filing date	Oct 27, 2015
Priority date	Oct 27, 2015
Publication date	Aug 13, 2019
Grant date	Aug 13, 2019

Abstract

In one embodiment, a method includes receiving an indication that a user has initiated a transaction and determining whether location information identifying a location of the transaction was received. A first attribute package of a plurality of attribute packages of the user may be identified based on customized rules and, if received, based on the location information. An identification of the first attribute package may be sent to the user's client system as a recommended payment attribute package for processing the transaction. In response to the identification of the first attribute package, the transaction may be opened, and a payment attribute package for the transaction may be set to the first attribute package. The transaction may be held open for a predetermined period of time to allow the user to modify the payment attribute package for the transaction to a different attribute package.

First claim

What is claimed is:

1. A method, comprising:
receiving, by one or more computing devices of a transactional system, an indication that a user initiated a transaction;
determining, by the one or more computing devices, when location information was received, the location information indicating a location of the transaction;
identifying, by the one or more computing devices, a first attribute package of a plurality of attribute packages connected with a payment card of the user based on one or more customized rules associated with the user and, when the determining indicates the location information was received, based on the location information;
sending, by the one or more computing devices, an identification of the first attribute package to a client system of the user as a recommended payment attribute package of the plurality of attribute packages for processing the transaction, and causing a screen of the client system to display a first icon that represents the first attribute package and at least a second icon that represents a different attribute package from among the plurality of attribute packages;
opening, by the one or more computing devices, in response to the identification of the first attribute package, the transaction, wherein a payment attribute package for the transaction is set to the first attribute package; and
holding, by the one or more computing devices, the transaction open for a predetermined period of time to allow the user to modify the payment attribute package for the transaction to a different attribute package of the plurality of attribute packages.

2. The method of claim 1 , wherein the location information is received from one or more of: an application running on the client system; the application being associated with the transactional system; or one or more short-range radio frequency devices proximate to the client system.

3. The method of claim 2 , further comprising closing, by the one or more computing devices, the transaction after the predetermined period of time has expired, wherein the transaction is processed using the first attribute package.

4. The method of claim 2 , wherein the sending the identification of the first attribute package comprises sending instructions to the application to display a prompt to the user, the prompt comprising a request for confirmation of the first attribute package or selection of a different attribute package of the plurality of attribute packages.

5. The method of claim 4 , further comprising:
receiving, by the one or more computing devices, a selection of a second attribute package of the plurality of attribute packages, the selection being inputted by the user at the client system during the predetermined period of time;
setting, by the one or more computing devices, in response to the selection of the second attribute package being received, the payment attribute package for the transaction to the second attribute package; and
closing the transaction after the predetermined period of time has expired, wherein the transaction is processed using the second attribute package.

6. The method of claim 5 , further comprising:
receiving, by the one or more computing devices, confirmation of the first attribute package, the confirmation being inputted by the user at the client system during the predetermined period of time; and
closing the transaction in response to the requested confirmation, wherein the transaction is processed using the first attribute package.

7. The method of claim 1 , further comprising sending, by the one or more computing devices, when the determining indicates no location information was received, instructions to an application running on the client system to display a prompt to the user, the application being associated with the transactional system, wherein the prompt comprises a notification of the recommended payment attribute package and that the transaction has been opened.

8. The method of claim 7 , wherein the prompt further comprises a selectable element, the selectable element being operable to set a reminder for the user to modify the payment attribute package for the transaction at a time within the predetermined period of time.

9. The method of claim 7 , further comprising:
receiving, by the one or more computing devices, a selection of a second attribute package of the plurality of attribute packages, the selection being inputted by the user at the client system during the predetermined period of time;
setting, by the one or more computing devices, in response to the selection of the second attribute package being received, the payment attribute package for the transaction to the second attribute package; and
closing, by the one or more computing devices, the transaction after the predetermined period of time has expired, wherein the transaction is processed using the second attribute package.

10. The method of claim 1 , wherein the transaction is pending during the predetermined period of time.

11. The method of claim 1 , wherein at least one of the plurality of attribute packages of the user comprises a line of credit.

12. The method of claim 1 , wherein at least one of the plurality of attribute packets of the user comprises a rewards attribute package for a line of credit.

13. The method of claim 1 , wherein the one or more customized rules comprise user preferences inputted by the user at the client system.

14. The method of claim 1 , wherein the one or more customized rules comprise a transaction history of the user.

15. One or more non-transitory computer-readable storage media embodying software that is operable when executed by a processor to:
receive an indication that a user initiated a transaction;
determine whether location information was received, the location information indicating a location of the transaction;
identify a first attribute package of a plurality of attribute packages connected with a payment card of the user based on one or more customized rules associated with the user and, when the determination indicates the location information was received, based on the location information;
send an identification of the first attribute package to a client system of the user as a recommended payment attribute package of the plurality of attribute packages for processing the transaction, and cause a screen of the client system to display a first icon that represents the first attribute package and at least a second icon that represents a different attribute package from among the plurality of attribute packages;
open, in response to the identification of the first attribute package, the transaction, wherein a payment attribute package for the transaction is set to the first attribute package; and
hold the transaction open for a predetermined period of time to allow the user to modify the payment attribute package for the transaction to a different attribute package of the plurality of attribute packages.

16. A system, comprising:
one or more processors; and
a memory coupled to the processors comprising instructions executable by the processors, the processors operable when executing the instructions to:
receive an indication that a user initiated a transaction;
determine whether location information was received, the location information indicating a location of the transaction;
identify a first attribute package of a plurality of attribute packages connected with a payment card of the user based on one or more customized rules associated with the user and, when the determination indicates the location information was received, based on the l

Assignees

• Jpmorgan Chase Bank Na

Inventors

• Lore Nicholas M
• Gantert Brian S
• Mcmillen Richard W
• Durgadin Sanjay
• Wooldridge Daryl
• Arnone Joseph
• Spinnenweber Heather

Classifications

• G06Q20/3278

  RFID or NFC payments by means of M-devices · CPC title

• G06Q20/42

  Confirmation, e.g. check or permission by the legal debtor of payment · CPC title

• G06Q20/3224

  Transactions dependent on location of M-devices · CPC title

• G06Q20/405

  Establishing or using transaction specific rules · CPC title

• G06Q20/3825 Primary

  Use of electronic signatures · CPC title