Systems and methods for point of sale deposits

Patent metadata

Field	Value
Publication number	US-9940609-B2
Application number	US-201715797747-A
Country	US
Kind code	B2
Filing date	Oct 30, 2017
Priority date	Aug 30, 2013
Publication date	Apr 10, 2018
Grant date	Apr 10, 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 system for executing a point-of-sale deposit, comprising:
one or more memory devices storing software instructions; and
one or more processors configured to execute the software instructions to perform operations comprising:
receiving, from a client device, transaction information related to a point-of-sale deposit;
generating, based on the transaction information, a pending deposit transaction;
receiving a first transaction token from the client device;
receiving a second transaction token from a third-party device indicating a transfer of funds to a merchant;
determining an authorization to complete the pending transaction by comparing the first transaction token to the second transaction token; and
completing the pending deposit transaction based on the authorization.

2. The system of claim 1 , wherein the transaction information includes at least one of an amount to be deposited, an account identifier, and a customer identifier.

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

4. The system of claim 1 , wherein the first transaction token and the second transaction token are associated with a temporary financial account generated by the third-party device based on the transaction information.

5. The system of claim 1 , wherein the pending deposit transaction is generated by transferring funds into a wash account.

6. The system of claim 5 , wherein the pending deposit transaction is completed by transferring the funds from the wash account into a financial service account.

7. The system of claim 1 , wherein the operations further comprise transmitting a notification to the client device indicating completion of the pending deposit transaction.

8. The system of claim 1 , wherein the comparison of the first transaction token to the second transaction token includes comparing first location information identifying a location of the client device and second location information identifying a location of the merchant.

9. A system for executing a point-of-sale deposit, comprising:
one or more memory devices storing software instructions; and
one or more processors configured to execute the software instructions to perform operations comprising:
receiving transaction information related to a point-of-sale deposit;
transmitting the transaction information to a third-party device;
receiving a first transaction token generated by the third-party device, wherein the first transaction token is associated with the transaction information;
transmitting the first transaction token to a financial service provider device; and
transmitting a second transaction token to a merchant device.

10. The system of claim 9 , wherein the second transaction token is the same as the first transaction token received from the third-party device.

11. The system of claim 9 , wherein the operations further comprise transmitting the transaction token to the financial service provider device wirelessly over a network.

12. The system of claim 9 , wherein the second transaction token is an optical representation of the first transaction token.

13. The system of claim 12 , wherein the optical representation is a barcode or a QR code readable by a merchant device.

14. The system of claim 9 , wherein the transaction information includes an account identifier identifying a financial service, and an amount to be deposited into the financial service account based on an amount of funds that a merchant receives for the point-of-sale deposit.

15. The system of claim 10 , wherein the operations further comprise receiving a completion notification from the financial service provider device indicating that the point-of-sale deposit was completed.

16. The system of claim 9 , wherein a third party associated with the third-party device is a gift card provider.

17. A system for executing a point-of-sale deposit, comprising:
one or more memory devices storing software instructions; and
one or more processors configured to execute the software instructions to perform 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.

18. The system of claim 17 , wherein the first transaction token includes a transaction identifier and the second transaction token includes a transaction identifier.

19. The system of claim 17 , wherein the operations further comprise receiving an indication that the financial service provider device received the activation notification.

20. The system of claim 19 , wherein the operations further comprise deactivating the temporary financial account based on the indication.

Assignees

• Capital One Financial Corp
• 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

• G06Q20/108 Primary

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

• G06Q20/20

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

• G06Q20/36

  using electronic wallets or electronic money safes · CPC title