Real-time interbank transactions systems and methods

US11972402B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Alan W. Hecht · San Francisco, US
• Ann M. Kirk · San Francisco, US
• Brian M. Pearce · Pleasanton, US
• Steven E. Puffer · Champlin, US
• Wairnola Marria Rhodriquez · San Francisco, US
• Javier S. Silva · Concord, US

Key dates

• Filing date: Apr 4, 2022
• Grant date: Apr 30, 2024
• Expiry date: Apr 4, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q2220/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems, methods, and computer-readable storage media for performing a peer-to-peer (P2P) transfer by a third-party, where a method includes receiving transfer information and a first token including sender information of a sender and a second token including receiver information of a receiver, and validating the first token and the second token based on verifying both the sender and the receiver are registered with the real-time payment system. The method includes processing the first token and the second token based on determining a sender endpoint, a receiver endpoint, and a demand deposit account of the sender, and transmitting a request for a guarantee, the request for the guarantee including the sender endpoint and the demand deposit account of the sender. The method includes receiving an issued guarantee, transferring funds based on the transfer information, the first token, and the second token, and transmitting a transfer confirmation.