Service for exceeding account thresholds via mobile device

US9595036B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Tamara S. Kingston · Peoria, US
• John Franklin Tuders · Harrisburg, US
• Ross Matthew Feldman · Matthews, US
• Marc L. Warshawsky · Davidson, US
• Erik Stephen Ross · Charlotte, US
• Elbert Lee Whitler · Webster Groves, US
• Mark D. Zanzot · Huntersville, US
• Ketil Bjugan · Charlotte, US
• Scott Mastbrook · Charlotte, US
• William S. Ivey · Charlotte, US
• Mark Allan Nelson · Waxhaw, US
• Brenda Lisbeth Smyth · Fenton, US
• Doris Maria Garrett · Walnut Creek, US
• Jonathan H. Tucker · Charlotte, US
• Catherine Stokes Pullen · Mount Holly, US
• Paul Ronald DeKoster · Matthews, US

Key dates

• Filing date: Mar 15, 2013
• Grant date: Mar 14, 2017
• Expiry date: Jun 23, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In general terms, embodiments of the present invention relate to methods and apparatuses for providing a service for exceeding account thresholds via a mobile device. For example, in some embodiments, a method is provided that includes: (a) receiving transaction information associated with a transaction, where the transaction involves an account, a transaction machine, and a holder of the account; (b) determining, based at least partially on the transaction information, that the account will incur an excess threshold amount as a result of the transaction; (c) prompting the holder to consent to the excess threshold amount via the mobile device, where the holder is associated with the mobile device; (d) receiving the holder's consent to the excess threshold amount; and (e) authorizing the transaction based at least partially on the receiving the holder's consent.