System and method for using a boarding pass to facilitate financial transactions

US11810102B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Srivathsan Sridharan · Bengaluru, IN
• Akash Gupta · Kanchinakote, IN
• Tarun Kailaschandbaid · Bengaluru, IN
• Ramanathan Ramanathan · Bellevue, US
• Shanmukeswara Rao Donkada · Hyderabad, IN

Key dates

• Filing date: Jun 22, 2021
• Grant date: Nov 7, 2023
• Expiry date: Nov 18, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/405
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A boarding pass can be employed as a financial instrument to make payments and other financial transactions. A passenger name record, a standardized computer reservation system protocol, can be associated with one or more financial accounts. When a point of sale device scans the boarding pass, either on a mobile device, or a traditional paper boarding pass, the passenger name record can be used to find a travel itinerary associated with the customer. By matching the travel itinerary to the location of the point of sale device, and the time, payments can be authorized and then initiated using financial account information associated with the passenger name record. Likewise, a mismatch can provide a basis for denying authorization and subsequent payment.