Machine learning system for routing payment requests to different customer accounts

US11829985B1 · kind B1 · utility

Assignee

• Chime Financial, Inc. · US

Inventors

• Michael Ducker · San Francisco, US
• Taylor Lentz · Oakland, US
• Tilo Sloboda · San Jose, US

Key dates

• Filing date: Sep 30, 2020
• Grant date: Nov 28, 2023
• Expiry date: Jun 2, 2041

Classification

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

Abstract

A transaction approval system makes an assessment in real time whether to approve a purchase transaction and to select an account of the customer to fund the purchase transaction. The transaction approval system can use a machine learning model to select the appropriate account of the customer to fund a purchase transaction that satisfies one or more preferences or goals established by the customer or the system. The machine learning model can receive, as inputs, information on one or more of the customer's accounts, user preference information, information regarding the transaction and/or information regarding prior transactions by the customer and use the inputs and machine learning model to make a selection of a customer account that satisfies the preferences or goals established by the customer or system.