System and method for a mobile wallet

US9117242B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Stephen M. Ellis · San Francisco, US
• Michael J. Kennedy · San Francisco, US
• Ashish B. Kurani · Hillsborough, US
• Melissa Lowry · San Francisco, US
• Uma Meyyappan · Fremont, US
• Bipin Sahni · Pleasanton, US
• Nikolai Stroke · Gilbert, US

Key dates

• Filing date: Apr 25, 2012
• Grant date: Aug 25, 2015
• Expiry date: Apr 25, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computer-implemented system and method includes receiving, from a mobile device, a request to initiate a transaction. The method includes receiving, from the mobile device, a selection of a stored value card from among a plurality of stored value cards as a payment option for the transaction. Additionally or alternatively, the method includes receiving value card information from the mobile device of a user and transferring funds from the balance of the value card to the merchant. The method includes reducing the balance of the value card by the amount of the transferred funds.