Computing system implementing secondary authorizations for prepaid transactions
US11829973B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jan 4, 2022 |
| Grant date | Nov 28, 2023 |
| Priority date | — |
| Expiry date | Jan 4, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/4037
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computing system can receive a primary authorization request corresponding to use of a prepaid payment means of a user of a transaction service for a transaction with a merchant. Based on receiving the primary authorization request, that system can determine that an account balance corresponding to the prepaid payment means comprises inadequate funds to fulfill the transaction. In response, the system can automatically transmit a secondary authorization request to a financial entity associated with an account of the user, and subsequently receive an approval of the secondary authorization request, which enables the system to utilize the account of the user to make up for the inadequate funds of the account balance of the prepaid payment means.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.