Contacts for misdirected payments and user authentication

US10810569B2 · kind B2 · utility

Assignee

• INC SQUARE, CO., LTD · JP

Inventors

• Brian Grassadonia · San Francisco, US
• Ayokunle Omojola · San Francisco, US
• Michael Moring · San Francisco, US
• Robert Andersen · Henderson, US
• Daniele Perito · San Francisco, US
• Kristopher David Stipech · West Hollywood, US

Key dates

• Filing date: Jan 30, 2017
• Grant date: Oct 20, 2020
• Expiry date: Aug 31, 2038

Classification

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

Abstract

Disclosed herein are systems and methods for processing a payment request that use mobile devices to have money transferred. These mobile devices are capable of running a payment transfer application that facilitates a transfer of money. A user can then execute the payment transfer application using a mobile device to send money, through a payment processing system that runs the payment transfer application, to a recipient account. One or more techniques authenticate a user of the mobile device by multi factor authentication prior to processing requests for money transfer initiated by the user.