Instant network cash transfer at point of sale

Patent metadata

Field	Value
Publication number	US-12443933-B2
Application number	US-202418596921-A
Country	US
Kind code	B2
Filing date	Mar 6, 2024
Priority date	Jun 3, 2019
Publication date	Oct 14, 2025
Grant date	Oct 14, 2025

Abstract

Point of sale (POS) devices, systems, and methods disclosed herein enable payments by merchants to non-customers, such as to employees of the merchant. A point of sale system of the merchant determines an amount of a payment to be made by the merchant to the employee. The point of sale system transmits payment instructions for executing the payment to a payment system provider computing system. The funds are made available in a bank account of the employee instantly or near instantly.

First claim

What is claimed is:

1. A method comprising:
analyzing, by a merchant computing system, employee information for an employee of a merchant to determine one or more time periods where the employee is working;
aggregating, by the merchant computing system, tip amounts of the employee based on the employee information to determine an aggregated tip amount; and
automatically transmitting, by a payment system provider computing system in real-time, an amount of funds from a first financial account of the merchant to a second financial account of the employee based on the aggregated tip amount via a selected payment rail, wherein the amount of funds are transferred via an electronic deposit being made from the first financial account to the second financial account and without a pending status on the first financial account and the second financial account such that the amount of funds are immediately available for use by the employee.

2. The method of claim 1 , wherein the payment is for the aggregated tip amount earned by the employee in connection with a service provided by the employee.

3. The method of claim 2 , wherein the aggregated tip amount includes multiple tips received over the course of the employee's work shift.

4. The method of claim 2 , wherein an alert is received within an amount of time to permit the employee to thank a customer for the tip before the customer leaves the merchant.

5. The method of claim 1 , wherein the merchant computing system receives payment instructions by an application programming interface.

6. The method of claim 1 , further comprising transmitting, by the merchant computing system in response to completion of the electronic deposit, an alert to a mobile device of the employee indicating completion of the electronic deposit and availability of the amount of funds, wherein the amount of funds are immediately available to the employee.

7. The method of claim 1 , wherein the payment system provider computing system maintains the first financial account and the second financial account, and wherein transmitting funds from the first financial account to the second financial account based on payment instructions comprises making a ledger entry to move the amount of funds from the first financial account to the second financial account.

8. The method of claim 1 , further comprising:
receiving, by the merchant computing system, a bank account identifier for the second financial account; and
storing the bank account identifier on a storage media of the payment system provider computing system, wherein the bank account identifier is not stored on a storage media of the merchant computing system.

9. The method of claim 1 , further comprising transmitting, by the merchant computing system for each of a plurality of credit card transaction, a separate payment instruction.

10. A system comprising:
a merchant computing system configured to:
analyze employee information for an employee of a merchant to determine one or more time periods where the employee is working; and
aggregate tip amounts of the employee based on the employee information to determine an aggregated tip amount; and

a payment system provider computing system configured to:
transmit, automatically and in real-time, an amount of funds from a first financial account of the merchant to a second financial account of the employee based on the aggregated tip amount via a selected payment rail, wherein the amount of funds are transferred via an electronic deposit being made from the first financial account to the second financial account and without a pending status on the first financial account and the second financial account such that the amount of funds are immediately available for use by the employee.

11. The system of claim 10 , wherein the payment is for the aggregated tip amount earned by the employee in connection with a service provided by the employee.

12. The system of claim 11 , wherein the aggregated tip amount includes multiple tips received over the course of the employee's work shift.

13. The system of claim 11 , wherein an alert is received within an amount of time to permit the employee to thank a customer for the tip before the customer leaves the merchant.

14. The system of claim 10 , wherein the merchant computing system is configured to receive payment instructions by an application programming interface.

15. The system of claim 10 , wherein the merchant computing system is further configured to transmit, in response to completion of the electronic deposit, an alert to a mobile device of the employee indicating completion of the electronic deposit and availability of the amount of funds, wherein the amount of funds are immediately available to the employee.

16. The system of claim 10 , wherein the payment system provider computing system is further configured to maintain the first financial account and the second financial account, and wherein transmitting funds from the first financial account to the second financial account based on payment instructions comprises making a ledger entry to move the amount of funds from the first financial account to the second financial account.

17. The system of claim 10 , wherein the merchant computing system is further configured to receive a bank account identifier for the second financial account of the employee, the payment system provider computing system configured to store the bank account identifier on a storage media of the payment system provider computing system, and the bank account identifier is not stored on a storage media of the merchant computing system.

18. The system of claim 10 , wherein the merchant computing system is further configured to transmit a separate payment instruction for each of a plurality of credit card transaction.

19. A method comprising:
analyzing, by a merchant computing system, employee information for an employee of a merchant to determine one or more time periods where the employee is working; and
aggregating, by the merchant computing system, tip amounts of the employee based on the employee information to determine an aggregated tip amount;
wherein an electronic deposit is made by a payment system provider computing system by transmitting in real-time an amount of funds from a first financial account of the merchant to a second financial account of the employee based on the aggregated tip amount via a selected payment rail, wherein the amount of funds are transferred from the first financial account to the second financial account and without a pending status on the first financial account and the second financial account such that the amount of funds are immediately available for use by the employee.

20. The method of claim 19 , wherein the payment system provider computing system maintains the first financial account and the second financial account, and wherein transmitting funds from the first financial account to the second financial account based on payment instructions comprises making a ledger entry to move the amount of funds from the first financial account to the second financial account.

Assignees

• Wells Fargo Bank Na

Inventors

• Clements Theresa Ann
• David Daniel
• Eaton Shane D
• Hwu Albert
• Mohr Derek D
• Noe James C
• Orth Jacob T
• Ziolkowski Michelle E

Classifications

• G06Q20/3278

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

• G06Q20/20

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

• G06Q20/10 Primary

  specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems · CPC title