Systems and methods for establishing a pull payment relationship

US11734657B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Daniel David · Charlotte, US
• Jonathan Hartsell · Mooresville, US
• Heath Kamp · Banner Elk, US
• Sarah W. Phelps · Annapolis, US
• Philip Sprague · Matthews, US
• Christina Zikeli · Charlotte, US

Key dates

• Filing date: Oct 10, 2022
• Grant date: Aug 22, 2023
• Expiry date: Oct 10, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3278
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method includes generating a transaction code associated with a payee; generating and providing a payee device token to a payee user device; receiving an indication of a contact or a near-contact event between the payee user device and a payor user device; receiving from the payor user device, the transaction code associated with the payee and a transaction code associated with the payor, the transaction codes exchanged during the contact or near-contact event; establishing a payment relationship between the payee and the payor responsive to receiving the indication and the transaction codes from the payor user device; receiving a payment request; determining that the payment request originated from the user device identified by the payee device token, and that the received transaction codes contained in the payment request match stored transaction codes of the payee and the payor contained in a database; and processing the received payment request.