Systems and methods for peer-to-peer funds requests

US11853919B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Balinder Mangat · Castro Valley, US
• David Hatch · Daly City, US
• Uma Meyyappan · Fremont, US
• Bipin Sahni · Pleasanton, US
• Nikolai Stroke · Gilbert, US

Key dates

• Filing date: Mar 4, 2015
• Grant date: Dec 26, 2023
• Expiry date: Aug 9, 2035

Classification

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

Abstract

A mobile wallet system to users is described. The mobile wallet system allows users to provide payments to merchants via the mobile wallet system. Users' mobile wallets are linked to payment forms associated with the users (e.g., bank accounts, credit cards, gift cards, etc.). Additionally, the mobile wallet system allows a first user to request funding from or provide funding to a second user for certain transactions. To pay for a good or service provided by a merchant, a user selects a form of payment, which may be another user, and provides a code to the merchant, which is used by a merchant computing system to initiate payment from the user to the merchant via the financial institution computing system.