Processing transactions using convertible optimized attribute packages

US10380584B2 · kind B2 · utility

Assignee

• JPMORGAN CHASE BANK, N.A. · US

Inventors

• Nicholas M. Lore · New York, US
• Brian S. Gantert · Hockessin, US
• Richard W. McMillen · Media, US
• Sanjay DURGADIN · Hockessin, US
• Daryl W. Wooldridge · Lombard, US
• Joseph Arnone · Swedesboro, US
• Heather Spinnenweber · Berwyn, US

Key dates

• Filing date: Oct 27, 2015
• Grant date: Aug 13, 2019
• Expiry date: Sep 4, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/42
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

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.