Systems and methods for improved verification of transactions

US11941628B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• David J. Dietrich · Charlotte, US
• Iris Duncan · Oakton, US
• Bryan Kroll · San Mateo, US
• Paul Ku · San Francisco, US
• Kristine Ing Kushner · Orinda, US
• David G. Lamb · San Francisco, US
• Darrell L. Suen · San Ramon, US

Key dates

• Filing date: Feb 27, 2023
• Grant date: Mar 26, 2024
• Expiry date: Feb 27, 2043

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/4014
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method includes receiving a request to set verification settings for a payment aggregator computing system; determining an alias account number for a transaction account based on account information; transmitting a request to the payment aggregator computing system to store the alias account number instead of the account information; receiving a transaction request from the payment aggregator computing system; implementing a verification policy comprising a first sub-policy and a second sub-policy, based on the verification settings corresponding to the alias account number and a threshold transaction amount, including: determining a predetermined threshold of a monetary amount, determining a first sub-policy monetary amount, comparing the first sub-policy monetary amount to the predetermined threshold, determining that the first sub-policy monetary amount does not meet the predetermined threshold, implementing the second sub-policy, generating and transmitting an electronic message comprising a selectable hyperlink generated for the transaction request, and approving the transaction request.