Access controls for transfer transactions

US10255589B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Vincent Petruzzi · Redwood City, US
• Andrew G. Foote · San Francisco, US
• David Hatch · Daly City, US

Key dates

• Filing date: Oct 23, 2015
• Grant date: Apr 9, 2019
• Expiry date: Jul 4, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/40
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Access controls for transferring funds from a customer to a designated recipient using a transaction machine and a one-time account and/or an authentication process that does not involve the use of a transaction card are disclosed. An example method (and system) can include storing identification data associated with a one-time account or transfer for the designated recipient of the one-time account; receiving authentication data from the transaction machine; determining that the user corresponds to the designated recipient using the received authentication data and the stored identification data; and executing the selected transaction after the determination.