Computing system implementing secondary authorizations for prepaid transactions
US12406245B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Oct 13, 2023 |
| Grant date | Sep 2, 2025 |
| Priority date | — |
| Expiry date | Oct 13, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/4037
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computing system can receive a primary authorization request from a merchant terminal of a merchant, the primary authorization request corresponding to use of a prepaid payment means of a user of the transaction service for a transaction with the merchant. Based on receiving the primary authorization request, the system can determine that an account balance of the prepaid payment means comprises inadequate funds to fulfill the transaction and automatically transmit a secondary authorization request to a financial entity associated with an account of the user. Upon receiving an approval of the secondary authorization request, the system can execute a transfer for a difference amount, based on an amount corresponding to the transaction, from the account of the user to an account associated with the merchant.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.