Real-time currency exchange system

US11373239B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Frank Digangi · San Francisco, US
• Carrie Anne Hanson · Charlotte, US
• Jonathan Hartsell · Mooresville, US
• Daniel Sanford · Charlotte, US

Key dates

• Filing date: Sep 30, 2020
• Grant date: Jun 28, 2022
• Expiry date: Sep 30, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06V40/70
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system includes a network interface circuit and a processing circuit configured to receive a physical currency transaction request from a first user device, the physical currency transaction request including a currency exchange transaction parameter, match the physical currency transaction request to another physical currency transaction request based at least in part on the currency exchange transaction parameter, provide the physical currency transaction request to a second user device associated with the another physical currency transaction request, geo-fence an area based on at least one of the currency exchange transaction parameters or a current location of the first user device, determine an exchange location based on the geo-fenced area and the matched physical currency transaction request and another physical currency exchange request, and provide instructions to the first user device and the second user device for an exchange based on the determined exchange location.