Systems and methods for point of sale deposits

Patent metadata

Field	Value
Publication number	US-11941595-B2
Application number	US-202318194319-A
Country	US
Kind code	B2
Filing date	Mar 31, 2023
Priority date	Aug 30, 2013
Publication date	Mar 26, 2024
Grant date	Mar 26, 2024

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 system for executing a point-of-sale deposit, the system comprising:
one or more memory devices storing software instructions; and
one or more processors configured to execute the software instructions to perform operations comprising:
generating for display, on a client device, one or more prompts for receiving deposit information, wherein the deposit information comprises a customer account;
receiving the deposit information at the client device;
transmitting, from the client device to a server, an initiation request to initiate a point-of-sale deposit transaction, wherein the initiation request includes the deposit information;
receiving, from the server, a transaction token associated with the initiation request, wherein the transaction token is encoded, by the server, with the deposit information;
generating a deposit code based on the transaction token;
providing the deposit code to a merchant device, wherein the merchant device transmits an authorization request that includes information associated with the transaction token; and
receiving, from the server, an indication of deposit of funds associated with the point-of-sale deposit transaction to the customer account.

2. The system of claim 1 , wherein the initiation request includes at least one of an amount to be deposited or a customer identifier.

3. The system of claim 1 , wherein the initiation request is transmitted via a mobile application.

4. The system of claim 1 , wherein the customer account includes a financial service account.

5. The system of claim 1 , wherein the operations further comprise receiving the transaction token at the client device wirelessly over a network.

6. The system of claim 1 , wherein the operations further comprise causing a transfer of the funds associated with an amount to be deposited from a wash account to the customer account.

7. The system of claim 1 , wherein the merchant device comprises an Automated Teller Machine (ATM).

8. The system of claim 1 , wherein the transaction token comprises an alphanumeric code.

9. The system of claim 1 , wherein the transaction token comprises a barcode or a QR code readable by the merchant device.

10. The system of claim 1 , wherein the point-of-sale deposit comprises part of an overall transaction that includes a purchase transaction.

11. The system of claim 10 , wherein the funds associated with the point-of-sale deposit transaction include the funds transferred to a merchant less a cost associated with the purchase transaction.

12. The system of claim 1 , wherein the initiation request is received via a transaction card action comprising at least one of a card swipe, a card insertion, or a near-field communication.

13. A method of executing a point-of-sale deposit, the method comprising:
generating for display, on a client device, one or more prompts for receiving deposit information, wherein the deposit information comprises a customer account;
receiving the deposit information at the client device;
transmitting, from the client device to a server, an initiation request to initiate a point-of-sale deposit transaction, wherein the initiation request includes the deposit information;
receiving, from the server, a transaction token associated with the initiation request, wherein the transaction token is encoded, by the server, with the deposit information;
generating a deposit code based on the transaction token;
providing the deposit code to a merchant device, wherein the merchant device transmits an authorization request that includes information associated with the transaction token; and
receiving, from the server, an indication of deposit of funds associated with the point-of-sale deposit transaction to the customer account.

14. The method of claim 13 , wherein the initiation request includes at least one of an amount to be deposited or a customer identifier.

15. The method of claim 13 , wherein the initiation request is transmitted via a mobile application.

16. The method of claim 13 , wherein the customer account includes a financial service account.

17. The method of claim 13 , further comprising receiving the transaction token at the client device wirelessly over a network.

18. The method of claim 13 , further comprising causing a transfer of the funds associated with an amount to be deposited from a wash account to the customer account.

19. The method of claim 13 , wherein the merchant device comprises an Automated Teller Machine (ATM).

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:
generating for display, on a client device, one or more prompts for receiving deposit information, wherein the deposit information comprises a customer account;
receiving the deposit information at the client device;
transmitting, from the client device to a server, an initiation request to initiate a point-of-sale deposit transaction, wherein the initiation request includes the deposit information;
receiving, from the server, a transaction token associated with the initiation request, wherein the transaction token is encoded, by the server, with the deposit information;
generating a deposit code based on the transaction token;
providing the deposit code to a merchant device, wherein the merchant device transmits an authorization request that includes information associated with the transaction token; and
receiving, from the server, an indication of deposit of funds associated with the point-of-sale deposit transaction to the customer account.

Assignees

• Capital One Services Llc

Inventors

• Brennan Dennis
• Potter Steven
• Witter Jonathan

Classifications

• G06Q20/108 Primary

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

• G06Q20/1085

  involving automatic teller machines [ATMs] · CPC title

• G06Q20/20

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

• G06Q20/36

  using electronic wallets or electronic money safes · 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