Computing system implementing secondary authorizations for prepaid transactions
US11263611B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | May 7, 2020 |
| Grant date | Mar 1, 2022 |
| Priority date | — |
| Expiry date | May 7, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/4037
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computing system can receive a primary authorization request corresponding to use of a prepaid payment means of a user of the transaction service for a transaction with a merchant. Based on receiving the primary authorization request, that system can determine that an account balance corresponding to the prepaid payment means comprises inadequate funds to fulfill the transaction. In response, the system can automatically transmit a secondary authorization request to a financial entity associated with an account of the user, and subsequently receive an approval of the secondary authorization request, which enables the system to utilize the account of the user to make up for the inadequate funds of the account balance of the prepaid payment means. Based on receiving the approval, the system can transmit an authorization to the point-of-sale terminal of the merchant to authorize the primary authorization request for the transaction.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.