Cross-service transactions for peer-to-peer (P2P) payment platforms

US12131307B2 · kind B2 · utility

Assignee

• Discover Financial Services · US

Inventors

• Purvag Patel · Chicago, US
• Zizhao Gong · Berkeley, US
• Ashley Kocanda · Gurnee, US
• Eric Hwang · San Jose, US
• Sanjeev Khatri · Des Plaines, US
• Subhrajyoti Mukhopadhyay · Arlington Heights, US

Key dates

• Filing date: Feb 16, 2022
• Grant date: Oct 29, 2024
• Expiry date: Feb 16, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3276
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An example computing platform is configured to receive a request from a first user account of a first P2P payment service that a cross-service transaction be initiated with another user account of another P2P payment service. Based on the request, the computing platform generates a transaction identifier for the transaction and sends the identifier to the first P2P payment service's platform. Thereafter, the computing platform receives, from a second P2P payment service's platform, the transaction identifier and an identifier of a second user account of the second P2P payment service and responsively determines that the cross-service transaction comprises a transfer of funds between a first financial account associated with the first user account and a second financial account associated with the second user account. The computing platform then selects and causes a given payment rail platform to transfer funds between the first and second financial accounts.