System and method for a mobile wallet

US9659312B1 · 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: Jul 25, 2014
• Grant date: May 23, 2017
• Expiry date: Jul 25, 2034

Classification

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

Abstract

A computer system includes a processor configured to receive one or more offers from one or more merchants, determine an offer from the one or more offers to present on a mobile device based on a characteristic of a user of the mobile device, receive a request for a code to provide to a merchant associated with the offer, the code being generated for the mobile device that belongs to the user, receive, from the mobile device, an indication from the user to use the offer that provides the user a discount from a price of a product or service, send to the mobile device, by an offer computer system, an offer code to be displayed on the mobile device and to be received by the merchant, aggregate a total amount of funds that the user has saved using a plurality of offers in the past, generate the code, including embedding in the code a transaction identification number, a geographic location of the mobile device, a date and a time, send the code to the mobile device for the merchant to scan and send to a financial institution to request funds from an account held by the user, receive a request for funds from the merchant that includes an address for the merchant and an amount of the tran…