Using a third party as a source of cash

US11823164B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Darren M. Goetz · Salinas, US
• Ashish B. Kurani · Hillsborough, US
• JoAnn Mar · San Francisco, US
• Dennis E. Montenegro · Concord, US
• Joseph Ng · San Mateo, US
• Damodar Raval · San Francisco, US
• Lisa Schur · San Francisco, US

Key dates

• Filing date: Oct 22, 2019
• Grant date: Nov 21, 2023
• Expiry date: Apr 17, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/20
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method comprises receiving, by a provider institution computing system via a network, a cash level indicator from each of a plurality of customer payment systems, the customer payment systems receiving cash from customers of a plurality of stores. The method further comprises receiving, by the provider institution computing system via the network, a cash request from a user device of a user. The provider institution computing system selects one of the plurality of customer payment systems based on the cash level indicator and location data of a plurality of delivery agent devices of delivery agents. The method further comprises sending, by the provider institution computing system to a selected delivery agent device, a message comprising location data of the selected customer payment system, the selected delivery agent device being one of the plurality of delivery agent devices.