Systems and methods for payment collection from third party source

US11810093B2 · kind B2 · utility

Assignee

• CAPITAL ONE SERVICES, LLC · US

Inventors

• Walter Avery Miller · Glen Allen, US
• Jason Ferrell · Glen Allen, US
• Troy Alan Dye · Richmond, US
• Robert A. Martin · Pflugerville, US
• Jordan Fischer · Evanston, US

Key dates

• Filing date: Jul 12, 2021
• Grant date: Nov 7, 2023
• Expiry date: Sep 7, 2041

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2209/56
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for P2P transaction functionality include payment collection from a third party source. A system includes at least one processor and a storage medium storing instructions that, when executed by the one or more processors, cause the at least one processor to perform operations including receiving transaction information from a vendor where a card was used and analyzing the transaction information. The operations also include sending one or more requests for repayment to one or more P2P service systems, receiving repayment information, regarding one or more repayments, from the one or more P2P service systems and, based on the repayment information, applying the one or more repayments to the transaction performed on the card.